Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 19, 2014 |
referred to corporations, authorities and commissions delivered to assembly passed senate ordered to third reading cal.1601 committee discharged and committed to rules |
Mar 24, 2014 |
reported and committed to finance |
Jan 15, 2014 |
print number 3633a |
Jan 15, 2014 |
amend and recommit to corporations, authorities and commissions |
Jan 08, 2014 |
referred to corporations, authorities and commissions returned to senate died in assembly |
Jun 12, 2013 |
referred to corporations, authorities and commissions delivered to assembly passed senate |
Jun 11, 2013 |
ordered to third reading cal.1254 committee discharged and committed to rules |
Feb 07, 2013 |
referred to corporations, authorities and commissions |
Senate Bill S3633A
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2013-S3633 - Details
- See Assembly Version of this Bill:
- A1825
- Current Committee:
- Assembly Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §2976, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6432, A9280
2015-2016: S691, A502
2017-2018: S229, A1007
2019-2020: S2786, A8036
2021-2022: S5845, A6796
2023-2024: S2872
2013-S3633 - Sponsor Memo
BILL NUMBER:S3633 TITLE OF BILL: An act to amend the public authorities law, in relation to exempting the metropolitan transportation authority from bond issu- ance charges PURPOSE OR GENERAL IDEA OF BILL: To exempt the MTA from bond issuance fees required under current law. SUMMARY OF SPECIFIC PROVISIONS: Subdivision 4 of section 2976 of the public authorities law is amended to exempt a state bond issuance charge. JUSTIFICATION: Fare and toll increases adversely impact the budgets of working men and women. This proposal will reduce the cost of doing busi- ness for the MTA, and in turn help to reduce the need for future fare and toll increases. PRIOR LEGISLATIVE HISTORY: 2012: A.9280 - Died in Corporation, Authori- ties and Commissions; S.6432 - Passed the Senate. FISCAL IMPLICATIONS: Undetermined. EFFECTIVE DATE: This act shall take effect immediately.
2013-S3633 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3633 2013-2014 Regular Sessions I N S E N A T E February 7, 2013 ___________ Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to exempting the metropolitan transportation authority from bond issuance charges THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. In December 2010, the Metropolitan Transportation Authority (MTA) increased fares and tolls 7.5 percent and the MTA is scheduled to increase fares and tolls again another 7.5 percent in both January 2013 and January 2015. In addition, the MTA has cut services that have adversely impacted mass transit riders. It is the intent of the legislature that the MTA use the savings that accrue from this act for maintenance and operations and to ensure that mass transit riders do not face any further service cuts. S 2. 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, is amended to read as follows: 4. The provisions of subdivisions one and two of this section shall not apply TO BONDS ISSUED BY THE METROPOLITAN TRANSPORTATION AUTHORITY AND to recovery act bonds issued by the state of New York municipal bond bank agency in connection with local American Recovery and Reinvestment Act pursuant to section two thousand four hundred thirty-six-b of this chapter. S 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04340-01-3
2013-S3633A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1825
- Current Committee:
- Assembly Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §2976, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6432, A9280
2015-2016: S691, A502
2017-2018: S229, A1007
2019-2020: S2786, A8036
2021-2022: S5845, A6796
2023-2024: S2872
2013-S3633A (ACTIVE) - Sponsor 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.
2013-S3633A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3633--A 2013-2014 Regular Sessions I N S E N A T E February 7, 2013 ___________ Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions -- recommitted to the Committee on Corporations, Authorities and Commissions in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the public authorities law, in relation to exempting the metropolitan transportation authority from bond issuance charges THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. In December 2010, the Metropolitan Transportation Authority (MTA) increased fares and tolls 7.5 percent and increased tolls again in March 2013 by an additional 7.5 percent, the costs of a monthly metrocard has gone up 32 percent since the current series of fare hikes commenced in 2008 and the MTA is scheduled to increase fares and tolls again in January 2015. In addition, the MTA has cut services that have adversely impacted mass transit riders. It is the intent of the legislature that the MTA use the savings that accrue from this act for maintenance and operations and to ensure that mass transit riders do not face any further service cuts. S 2. 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, is amended to read as follows: 4. The provisions of subdivisions one and two of this section shall not apply TO BONDS ISSUED BY THE METROPOLITAN TRANSPORTATION AUTHORITY AND to recovery act bonds issued by the state of New York municipal bond bank agency in connection with local American Recovery and Reinvestment Act pursuant to section two thousand four hundred thirty-six-b of this chapter. S 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04340-02-4
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