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History
- Referred to governmental operations
Full text
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Sponsor's memo
BILL NUMBER:A10746 REVISED 5/11/10
Title of bill
An act to amend the public lands law and the state finance law, in relation to disposition of proceeds from the sale of public lands and personal property of the state for the purpose of reducing state-sponsored debt
Purpose or general idea of bill
Provides for proceeds from the sale of public lands and personal property of the state to be allocated for the reduction of state-sponsored debt.
Summary of specific provisions
Section one amends subdivision 21 of the public lands law as amended by chapter 706 of the laws of 1977.
Section two amends section 23 of the public lands law, as amended by chapter 170 of the laws of 1994.
Section three amends the second undesignated paragraph of section 24 of the public lands law, as amended by chapter 79 of the laws of 1976.
Section four amends section 25 of the public lands law, as amended by chapter 141 of the laws of'1988.
Section five amends section 38 of the public lands law, as added by chapter 557 of the laws of 1929.
Section six amends section 59-a of the public lands law, as amended by chapter 79 of the laws of 1976.
Section seven amends subdivisions 1, 4 and 7 of section 167 of the public lands law, as amended by chapter 83 of the laws of 1995.
Section eight amends the state finance law by adding a section 73
Section nine stipulates the date in which this act shall take effect.
Justification
This bill would provide the proceeds from the sale of public lands and personal property of the state to be allocated. The purpose of this allocation is to reduce the state-sponsored debt.
Prior legislative history
08/23/06 referred to ways and means 1/19/07 referred to governmental operations 1/09/08 referred to governmental operations
Fiscal implications
None to state.
Effective date
This act shall take effect on the one hundred eightieth day after it shall have become law; provided, however, that effective immediately, the addition, amendment and/or repeal of any rule or regu-
lation necessary for the implementation of this act on its effective date are authorized and directed to be made and completed on or before such effective date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.