Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 20, 2015 |
signed chap.435 |
Nov 10, 2015 |
delivered to governor |
Jun 17, 2015 |
returned to assembly repassed senate substituted for s5861 |
Jun 17, 2015 |
substituted by a5651a ordered to third reading cal.1731 |
Jun 09, 2015 |
referred to rules |
Senate Bill S5861
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A5651 - Signed by Governor
- 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
Actions
Votes
2015-S5861 (ACTIVE) - Details
2015-S5861 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5861 TITLE OF BILL : An act to amend the public authorities law, in relation to the powers of the Ogdensburg bridge authority and the Ogdensburg port authority PURPOSE : The purpose of this bill is to amend the public authorities law in relation to the powers of the Ogdensburg Bridge and Port Authority and their ability to bond. SUMMARY OF PROVISIONS : Sections 1 and 2 of the bill amend section 706 and section 1379 of the public authorities law regarding the bonding authority of the Ogdensburg Bridge and Port Authority. Section 3 of the bill provides the effective date. EXISTING LAW : The Ogdensburg Bridge and Port Authority as authorized by law has not had its authority updated in more than forty years. The law is outdated and needs to be amended to reflect the current activities of the Authority.
2015-S5861 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5861 2015-2016 Regular Sessions I N S E N A T E June 9, 2015 ___________ Introduced by Sen. RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the public authorities law, in relation to the powers of the Ogdensburg bridge authority and the Ogdensburg port authority THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 1 and 3 of section 706 of the public authori- ties law, subdivision 1 as amended by chapter 972 of the laws of 1969, subdivision 3 as amended by chapter 809 of the laws of 1968, are amended to read as follows: 1. The authority shall have power and is hereby authorized from time to time to issue its negotiable bonds in conformity with applicable provisions of the uniform commercial code in such amount as may be necessary to pay the cost of the bridge and approach roads herein authorized and the cost of all land, property, rights, easements and franchises deemed necessary for the construction thereof, and to pay interest prior to and during construction and for one year after completion of construction, FOR RECONSTRUCTION AND UPGRADES TO THE BRIDGE, the purchase price of the ferry or ferries authorized to be acquired, the repayment of any advances or appropriations made by the state of New York to the authority and such other expenses as may be deemed necessary or incident to the financing and to the construction of the bridge and approach roads, and to placing the same in operation, AND INFRASTRUCTURE, UPGRADE AND EXPANSION AT THE OGDENSBURG INTERNATIONAL AIRPORT. 3. The bonds shall be authorized by resolution of the board. The bonds shall be dated, shall bear interest at such rate or rates not exceeding six per centum per annum, shall mature at such time or times all as may be determined by the authority and may be made redeemable before maturity, at the option of the authority, at such price or prices and under such terms and conditions as may be fixed by the authority EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11544-02-5
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