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Who cares
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Sponsors
1 Co-sponsor
History
- Substituted by A7367
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1066
- Print number 5191a
- Amend and recommit 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 the cessation of the powers, jurisdiction and duties of the board of the Buffalo and Fort Erie Public Bridge Authority
Vetoed · Sponsor Sean Ryan
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5191A
Title of bill
An act to amend chapter 824 of the laws of 1933 relating to creating the Buffalo and Fort Erie Public Bridge Authority, in relation to the occurrence of the cessation of the powers, jurisdiction and duties of the board of such authority
Purpose or general idea of bill
This bill would allow the Buffalo Fort Erie Public Bridge Authority to dissolve as it was originally designed to do.
Summary of specific provisions
Section 1 reverts back to a prior date for dissolution (July 1, 1992).
Justification
Originally, the Authority was designed to accomplish its mission (build a bridge), pay off its bonds, and dissolve. However, this design was complicated when a date certain time for potential dissolution was inserted into the legislation. Now, even if the bonds are paid off, the authority would continue to function, even if they themselves had determined that the authority had outlived its usefulness. Nothing in this legislation dissolves the authority; it simply allows the authority to choose to dissolve by paying off its outstanding bonds. This measure would allow the authority to determine when it has stopped being effective, instead of an arbitrary future date. At such time as the Authority deems their mission to have been completed, they will pay off their outstanding bonds and the property owned by the authority will be divided between Canada and the New York State. Management of the bridge will then occur with both Canada and New York managing their side of the bridge. Currently, a vast majority (18 of 23) of international bridges between the US and Canada are managed in this fashion. If the authority determines that this method of management is more efficient, they may choose to come inline with the majority of bridges spanning the US and Canada and dissolve.
Prior legislative history
New Bill
Fiscal implications
Potential increase in funding for the New York portion of the Peace Bridge.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.