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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to local government
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to making permanent the effectiveness of chapter 626 of the laws of 1996
In Assembly Committee · Local Governments · Sponsor Ann Rabbitt
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5179
Title of bill
An act to amend chapter 626 of the laws of 1996, amending the local finance law relating to the issuance of land installment purchase obligations, in relation to making permanent the effectiveness of the provisions of such chapter
Purpose
Making permanent the effectiveness of chapter 626 of the laws of 1996.
Summary of provisions
Section 1. Section 3 of chapter 626 of the laws of 1996, as amended by chapter 456 of the laws of 2000 is amended by removing the repealed date,
Justification
This bill would extend this section of law, Chapter 626 of the laws of 1996, permanently. Extending this law is imperative so that a municipality may continue to issue land installment purchase obligations for the purpose of financing the acquisition of interests or rights in real property. Smart growth and land preservation are just a couple very important programs/planning approaches that are aided by this law.
Legislative history
New bill.
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.