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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to corporations, authorities and commissions
- Delivered to assembly
- Passed senateVote 61–1
- Ordered to third reading cal.1855
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the public authorities law, in relation to exempting the central New York regional transportation authority from bond issuance charges
Purpose
To exempt the Central New York Regional Transportation Authority (Centro) from bond issuance fees required under current law.
Summary of provisions
Section 1 - states the Legislative intent
Section 2 - amends subdivision 4 of section 2976 of the Public Authorities Law, as added by section 12 of part E of Chapter 494 of the laws of 2009 to exempt Centro from the State bond issuance charge.
Section 2 - Effective date.
Existing law
Currently, bonds issued by Centro are subject to the bond issuance charge imposed by Public Authorities Law section 2976.
Justification
This proposal will reduce the cost of doing business for Centro, and thus offer more funds to provide better service and maintenance and reduce the need for future fare and toll increases.
Legislative history
New bill
Fiscal implications
None to the state
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.