S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5179
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                      May 3, 2011
                                      ___________
       Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
         printed to be committed to the Committee on Local Government
       AN ACT to amend chapter 626 of the laws  of  1996,  amending  the  local
         finance  law  relating  to  the  issuance of land installment purchase
         obligations, in relation to making permanent the effectiveness of  the
         provisions of such chapter
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 3 of chapter 626 of the laws of 1996, amending  the
    2  local  finance law relating to the issuance of land installment purchase
    3  obligations, as amended by chapter 456 of the laws of 2000,  is  amended
    4  to read as follows:
    5    S  3. This act shall take effect immediately [and shall expire on July
    6  31, 2011 when upon such date the provisions of this act shall be  deemed
    7  repealed].
    8    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10202-01-1