S T A T E O F N E W Y O R K
I N S E N A T E
March 26, 2014
Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and
when printed to be committed to the Committee on Corporations, Author-
ities and Commissions
AN ACT to amend the public authorities law, in relation to exempting the
Rochester-Genesee regional transportation authority from bond issuance
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Legislative intent. Over the past several years, while
support of mass transit in the greater New York City metropolitan area
has expanded, state support for regional transit in the greater Roches-
ter Genesee area has not seen similar support. This lack of support has
adversely impacted mass transit riders in the greater Rochester Genesee
region serviced by the Rochester-Genesee regional transportation author-
ity (RGRTA). It is the intent of the legislature that the RGRTA 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 ROCHESTER-GENESEE REGIONAL TRANSPORTA-
TION 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 thir-
ty-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.