Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 20, 2011 |
signed chap.212 |
Jul 08, 2011 |
delivered to governor |
Jun 16, 2011 |
returned to senate passed assembly ordered to third reading rules cal.370 substituted for a6444 |
Jun 16, 2011 |
substituted by s5564 rules report cal.370 reported reported referred to rules |
Jun 14, 2011 |
reported referred to ways and means |
Mar 16, 2011 |
referred to corporations, authorities and commissions |
Assembly Bill A6444
Signed By Governor2011-2012 Legislative Session
Sponsored By
BRENNAN
Archive: Last Bill Status Via S5564 - 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
co-Sponsors
Steven Englebright
2011-A6444 (ACTIVE) - Details
- See Senate Version of this Bill:
- S5564
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd ยง383, Pub Auth L
2011-A6444 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6444 2011-2012 Regular Sessions I N A S S E M B L Y March 16, 2011 ___________ Introduced by M. of A. BRENNAN -- (at request of the Thruway Authority) -- read once and referred to the Committee on Corporations, Authori- ties and Commissions AN ACT to amend the public authorities law, in relation to the powers of the New York state thruway authority to finance certain projects in connection with the canal system including emergency THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 383 of the public authorities law, as added by chapter 766 of the laws of 1992, is amended to read as follows: S 383. Additional powers of the authority to finance certain projects in connection with the New York state canal system. 1. (a) The authori- ty is hereby authorized, as an additional corporate purpose thereof, to issue its bonds, notes and other obligations in conformity with applica- ble provisions of the uniform commercial code for purposes of financing the construction, reconstruction, development and improvement of the New York state canal system. (b) The authority may issue bonds, notes or other obligations pursuant to paragraph (a) of this subdivision in an aggregate principal amount not exceeding ONE HUNDRED sixty million dollars plus a principal amount of bonds, notes or other obligations issued (i) to fund any related debt service reserve fund, (ii) to provide capitalized interest for a period not exceeding six months, except that where the proceeds of such bonds, notes or other obligations are expended on a revenue-producing project, such period shall be that allowable under the United States internal revenue code of nineteen hundred eighty-six, as amended, in order to preserve the exclusion of interest on such bonds, notes or other obli- gations from federal income taxation, and (iii) to provide fees and other charges and expenses, including underwriters' discounts, related to the issuance of such bonds, notes and other obligations and the main- tenance of such reserves, all as determined by the authority, excluding EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09724-01-1
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.