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Assembly Bill A11431

2009-2010 Legislative Session

Authorizes the Urban Development Corporation to create a subsidiary corporation for the oversight of the Atlantic Yards project

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Archive: Last Bill Status - In Assembly Committee

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2009-A11431 (ACTIVE) - Details

See Senate Version of this Bill:
S8193
Current Committee:
Assembly Ways And Means
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง2827-a, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: A1820, S1597
2013-2014: A5334

2009-A11431 (ACTIVE) - Summary

Authorizes the Urban Development Corporation to create a subsidiary corporation for the purpose of the further planning, design, and oversight of the Atlantic Yards land use improvement and civic project.

2009-A11431 (ACTIVE) - Bill Text download pdf 

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

                                  11431

                          I N  A S S E M B L Y

                              June 14, 2010
                               ___________

Introduced by COMMITTEE ON RULES -- (at request of M. of A. Jeffries) --
  read  once  and referred to the Committee on Corporations, Authorities
  and Commissions

AN ACT to amend the public authorities law, in relation  to  creating  a
  subsidiary  corporation for the planning and oversight of the Atlantic
  yards project

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

  Section  1. Section 2827-a of the public authorities law is amended by
adding a new subdivision 8 to read as follows:
  8. NOTWITHSTANDING SUBDIVISION ONE OF THIS SECTION, THE URBAN DEVELOP-
MENT CORPORATION IS HEREBY AUTHORIZED AND DIRECTED TO  IMMEDIATELY  TAKE
ALL  ACTION  TO  CREATE  A  SUBSIDIARY  CORPORATION,  IN ACCORDANCE WITH
SECTION TWELVE OF THE NEW YORK STATE URBAN DEVELOPMENT CORPORATION  ACT,
FOR  THE  PURPOSE  OF  THE FURTHER PLANNING, DESIGN AND OVERSIGHT OF THE
ATLANTIC YARDS LAND USE IMPROVEMENT AND CIVIC PROJECT.
  S 2. This act shall take effect immediately, provided that the subsid-
iary corporation authorized in section one of this act must  be  created
within 60 days of such authorization.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD17649-01-0

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