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Senate Bill S6899

2009-2010 Legislative Session

Establishes a twelve month moratorium on any sale of the Genesee Valley Regional Market Authority or of the authority itself

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Sponsored By

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

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2009-S6899 (ACTIVE) - Details

See Assembly Version of this Bill:
A10175
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add ยง878-a, Pub Auth L

2009-S6899 (ACTIVE) - Summary

Establishes a twelve month moratorium on any sale of the Genesee Valley Regional Market Authority or of the authority itself.

2009-S6899 (ACTIVE) - Sponsor Memo

2009-S6899 (ACTIVE) - Bill Text download pdf 

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

                                  6899

                            I N  S E N A T E

                            February 23, 2010
                               ___________

Introduced  by  Sen.  ALESI  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN  ACT to amend the public authorities law, in relation to establishing
  a twelve month moratorium on any sale, takeover or dissolution of  the
  assets  of  the  Genesee  Valley  Regional  Market Authority or of the
  authority itself; and providing for the repeal of such provisions upon
  expiration thereof

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

  Section  1.  The  public  authorities  law  is amended by adding a new
section 878-a to read as follows:
  S 878-A.  TWELVE MONTH MORATORIUM. THERE SHALL BE ESTABLISHED A TWELVE
MONTH MORATORIUM ON ANY SALE, TAKEOVER OR DISSOLUTION  OF  THE  DEBT  OR
LIQUIDATION  OF  THE ASSETS OF OPERATIONS OF THE GENESEE VALLEY REGIONAL
MARKET AUTHORITY OR OF THE AUTHORITY ITSELF.
  S 2. This act shall take effect immediately and shall  expire  and  be
deemed repealed one year after such effective date.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16082-02-0

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