Senate Bill S3328

2015-2016 Legislative Session

Relates to exempting the Niagara frontier transit authority (NFTA) from bond issuance charges

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-S3328 (ACTIVE) - Details

See Assembly Version of this Bill:
A8164
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §2976, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2013-2014: S6890
2017-2018: S3145, A2255
2019-2020: S3093

2015-S3328 (ACTIVE) - Summary

Relates to exempting the Niagara Frontier Transit Authority from bond issuance charges.

2015-S3328 (ACTIVE) - Sponsor Memo

2015-S3328 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3328

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 5, 2015
                               ___________

Introduced  by  Sens.  RANZENHOFER,  GALLIVAN,  ORTT  --  read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Corporations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to exempting the
  Niagara frontier transportation authority from bond issuance charges

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Legislative intent.   Over the past  several  years,  while
support  of  mass transit in the greater New York City metropolitan area
has expanded, state support for regional transit in the greater  Buffalo
Niagara  Falls  area  has not seen similar support. This lack of support
has adversely impacted  mass  transit  riders  in  the  greater  Buffalo
Niagara  region  serviced  by  the  Niagara  frontier  transit authority
(NFTA). It is the intent of  the  legislature  that  the  NFTA  use  the
savings  that accrue from this act for maintenance and operations and to
ensure that mass transit riders do not face any further service cuts.
  S 2. Subdivision 4 of section 2976 of the public authorities  law,  as
added  by  section  12  of part E of chapter 494 of the laws of 2009, is
amended to read as follows:
  4. The provisions of subdivisions one and two of  this  section  shall
not apply TO BONDS ISSUED BY THE NIAGARA FRONTIER TRANSPORTATION AUTHOR-
ITY  AND to recovery act bonds issued by the state of New York municipal
bond bank agency in connection with local American  Recovery  and  Rein-
vestment  Act pursuant to section two thousand four hundred thirty-six-b
of this chapter.
  S 3. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01691-01-5

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