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S3633Senate2013-2014 SessionSame asA1825

Relates to exempting the metropolitan transportation authority from bond issuance charges

Sponsor Martin J. GoldenSD-22Affects Economy
Status
In Assembly Committee
Corporations, Authorities And Commissions
Impact
Pending
Passage
Pending

Bill progress

Step 5 of 7

In Assembly · Corporations, Authorities And Commissions

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Sponsors

Primary sponsor
Martin J. Golden

Senator · Senate District 22

Chair, Civil Service And Pensions

No co-sponsors yet.

History

  1. Referred to corporations, authorities and commissions
  2. Delivered to assembly
  3. Passed senateVote 55–5
  4. Ordered to third reading cal.1601
  5. Committee discharged and committed to rules
  6. Reported and committed to finance
  7. Print number 3633a
  8. Amend and recommit to corporations, authorities and commissions
  9. Referred to corporations, authorities and commissions
  10. Returned to senate
  11. Died in assembly
  12. Referred to corporations, authorities and commissions
Show 5 earlier actions
  1. Delivered to assembly
  2. Passed senateVote 57–4
  3. Ordered to third reading cal.1254
  4. Committee discharged and committed to rules
  5. Referred to corporations, authorities and commissions

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.

A1825Assembly

Relates to exempting the metropolitan transportation authority from bond issuance charges

In Assembly Committee · Corporations, Authorities And Commissions · Sponsor Michael Cusick

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S3633A

Title of bill

An act to amend the public authorities law, in relation to exempting the metropolitan transportation authority from bond issuance charges

Purpose

To exempt the MTA from bond issuance fees required under current law.

Summary of specific provisions

Section one of the bill states the Legislative intent.

Section two of the bill amends subdivision 4 of section 2976 of the Public Authorities Law is to exempt the MTA from the state bond issuance charge

Section three of the bill provides that this act shall take effect immediately.

Existing law

Currently, bonds issued by the MTA are subject to the bond issuance charge imposed by Public Authorities Law section 2976..

Justification

Fare and toll increases adversely impact the budgets of working men and women. This proposal will reduce the cost of doing business for the MTA, and in turn help to reduce the need for future fare and toll increases.

Prior legislative history

2013: S.3633 - Passed the Senate 2012: S.6432 - Passed the Senate

Fiscal implications

None

Effective date

This act shall take effect immediately

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.