Relates to debt reduction policies for all state authorities.
STATE OF NEW YORK ________________________________________________________________________ 4675 2011-2012 Regular Sessions IN ASSEMBLY February 4, 2011 ___________Introduced by M. of A. P. RIVERA -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to debt reduction policies for all state authorities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (m) of subdivision 1 of section 6 of the public authorities law, as added by chapter 506 of the laws of 2009, is amended to read as follows: (m) WITHIN NINETY DAYS OF THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF TWO THOUSAND ELEVEN THAT AMENDED THIS PARAGRAPH, issue recommen- dations to the legislature and governor on setting debt limitations for authorities without statutorily required debt limits AND REQUIRE DEBT REDUCTION POLICIES FOR ALL STATE AUTHORITIES; S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04146-01-1