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Senate Bill S65025

2009-2010 Legislative Session

Amends chapter 555 of the laws of 1989 relating to establishing a New York state infrastructure trust fund

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2009-S65025 (ACTIVE) - Details

See other versions of this Bill:
S3689 ,
S60426 ,
A8691 ,
Current Committee:
Senate Rules
Law Section:
Public Authorities
Laws Affected:
Amd ยง19, Chap 555 of 1989

2009-S65025 (ACTIVE) - Summary

Amends chapter 555 of the laws of 1989 amending the public authorities law and other laws, relating to establishing a New York state infrastructure trust fund, in relation to extending the effectiveness date.

2009-S65025 (ACTIVE) - Bill Text download pdf 

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

                                   25

                      Eighth Extraordinary Session

                            I N  S E N A T E

                              June 29, 2009
                               ___________

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 Rules

AN ACT to amend chapter 555 of the laws  of  1989  amending  the  public
  authorities  law  and  other  laws relating to establishing a New York
  state infrastructure trust fund, in relation  to  the  effective  date
  thereof

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

  Section 1. Section 19 of chapter 555 of the laws of 1989 amending  the
public  authorities  law  and  other laws relating to establishing a New
York state infrastructure trust fund, as amended by chapter 230  of  the
laws of 2007, is amended to read as follows:
  S  19.  This  act shall take effect immediately and shall be deemed to
have been in full force and effect on and after June 15,  1989  provided
that  the  amendments  to  law effected by sections six and nine through
seventeen of this act, as amended, shall cease to be of force and effect
on and after July 16, [2009] 2011, on which date the provisions  of  the
public authorities law amended by such sections shall be as they were in
force  and  effect  immediately  prior  to  this  act taking effect, and
provided however that the amendments to law effected by sections six and
nine through seventeen of this act, as amended, shall continue to  apply
to  all commitments issued or policies or development corporation credit
support in force on or before July 16, [2009] 2011, and provided further
that the amendments to section 2429-b of the public authorities law made
by section 13 of chapter 3 of  the  laws  of  2004  which  amended  this
section shall not cease to be of force and effect prior to the time that
full  payment  of all development corporation credit support obligations
has been made or provided for.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09051-01-9

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