Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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May 17, 2010 |
signed chap.79 delivered to governor returned to assembly passed senate message of necessity - 3 day message 3rd reading cal.555 substituted for s7847 referred to finance delivered to senate passed assembly message of necessity - 3 day message ruling of chair on point of order ruling of chair on point of order ordered to third reading rules cal.48 rules report cal.48 reported reported referred to rules referred to ways and means |
Assembly Bill A11104
Signed By Governor2009-2010 Legislative Session
Sponsored By
There are no sponsors of this bill.
Archive: Last Bill Status - 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
Actions
Votes
2009-A11104 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7847
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §§68-b & 68-a, St Fin L
2009-A11104 (ACTIVE) - Sponsor Memo
BILL NUMBER:A11104 TITLE OF BILL: An act to amend the state finance law, in relation to the issuance of revenue bonds; and in relation to mental health service facilities financing; and authorizing the issuance of bonds by an authorized issuer for any authorized purpose; and providing for the repeal of certain provisions upon the expiration thereof Purpose: This bill would extend, until March 31, 2011, two provisions of law and would authorize the Dormitory Authority of the State of New York (DASNY) to issue bonds that would be used to fund capital spending. Summary of Provisions: This bill would amend section 68-b of the State Finance Law (SFL), to extend (for one year) the authorization to issue Mental Health Bonds under the Personal Income Tax (PIT) credit structure. In addition, this bill would amend section 68-a of the SFL to extend (for one year) the ability of the DASNY and ESDC to issue Personal Income Tax (PIT) Revenue Bonds for any authorized purposes. Finally, this bill would clarify DASNY's ability to issue debt without an Enacted Budget.
2009-A11104 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 7847 A. 11104 S E N A T E - A S S E M B L Y May 17, 2010 ___________ IN SENATE -- Introduced by COMMITTEE ON RULES -- (at request of the Governor) -- read twice and ordered printed, and when printed to be committed to the Committee on Finance IN ASSEMBLY -- Introduced by COMMITTEE ON RULES -- (at request of the Governor) -- read once and referred to the Committee on Ways and Means AN ACT to amend the state finance law, in relation to the issuance of revenue bonds; and in relation to mental health service facilities financing; and authorizing the issuance of bonds by an authorized issuer for any authorized purpose; and providing for the repeal of certain provisions upon the expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 8 of section 68-b of the state finance law, as amended by section 50 of part PP of chapter 56 of the laws of 2009, is amended to read as follows: 8. Revenue bonds may only be issued for authorized purposes, as defined in section sixty-eight-a of this article. Notwithstanding the foregoing, the dormitory authority of the state of New York and the urban development corporation may issue revenue bonds for any authorized purpose of any other such authorized issuer through March thirty-first, two thousand [ten] ELEVEN. The authorized issuers shall not issue any revenue bonds in an amount in excess of statutory authorizations for such authorized purposes. Authorizations for such authorized purposes shall be reduced in an amount equal to the amount of revenue bonds issued for such authorized purposes under this article. Such reduction shall not be made in relation to revenue bonds issued to fund reserve funds, if any, and costs of issuance, if these items are not counted under existing authorizations, nor shall revenue bonds issued to refund bonds issued under existing authorizations reduce the amount of such authorizations. S 2. Subdivision 2 of section 68-a of the state finance law, as amended by section 56-a of part PP of chapter 56 of the laws of 2009, is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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