Assembly Bill A9177

Signed By Governor
2015-2016 Legislative Session

Amends chapter 899 of the laws of 1984 relating to the management of the Roosevelt Island public benefit corporation

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Archive: Last Bill Status Via S6426 - Signed by Governor

  • 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

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2015-A9177 (ACTIVE) - Details

See Senate Version of this Bill:
S6426
Law Section:
Public Authorities
Laws Affected:
Amd §4-a, Chap 899 of 1984; amd §4, rpld §3, Chap of 2015 (as proposed in S.5813-B and A.7974-B)

2015-A9177 (ACTIVE) - Summary

Amends provisions relating to the management of the Roosevelt Island public benefit corporation; amends provisions relating to the effectiveness thereof; repeals certain provisions relating to not-for-profit grant distribution.

2015-A9177 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9177

                          I N  A S S E M B L Y

                            February 1, 2016
                               ___________

Introduced  by  M.  of  A.  SEAWRIGHT  --  read once and referred to the
  Committee on Corporations, Authorities and Commissions

AN ACT to amend chapter 899  of  the  laws  of  1984,  relating  to  the
  creation  of  a  public benefit corporation to plan, develop, operate,
  maintain and manage Roosevelt Island, relating to  the  management  of
  such corporation, in relation to not-for-profit grant distribution; to
  amend  a chapter of the laws of 2015, amending chapter 899 of the laws
  of 1984 relating to the creation of a public  benefit  corporation  to
  plan, develop, operate, maintain and manage Roosevelt Island, relating
  to  the  management  of  such  corporation, as proposed in legislative
  bills numbers S.5813-B and A.7974-B, in relation to the  effectiveness
  thereof;  and  to  repeal  section 3 of a chapter of the laws of 2015,
  amending the public authorities law, relating to the management of the
  Roosevelt Island operating corporation,  as  proposed  in  legislative
  bills  numbers  S.5813-B and A.7974-B relating to not-for-profit grant
  distribution

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 4-a of chapter 899 of the laws of 1984, relating to
the  creation of a public benefit corporation to plan, develop, operate,
maintain and manage Roosevelt Island, as added by a chapter of the  laws
of  2015,  amending  chapter  899  of  the  laws of 1984 relating to the
creation of a public benefit  corporation  to  plan,  develop,  operate,
maintain and manage Roosevelt Island, relating to the management of such
corporation,  as  proposed  in  legislative  bills  numbers S.5813-B and
A.7974-B, is amended to read as follows:
  S 4-a.  Not-for-profit  grant  distribution.  1.  The  corporation  is
authorized  to  provide  financial  assistance  in the form of grants to
not-for-profit corporations  [or  governmental  agencies]  that  provide
direct  services  or  benefits to the residents of Roosevelt Island, THE
TOTALITY OF SUCH GRANTS not to exceed 3%  PER  ANNUM  of  the  operating
budget  of  the  corporation, and upon the approval of a majority of the
entire board of the corporation.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11372-17-6

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