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Senate Bill S7985A

Vetoed By Governor

2009-2010 Legislative Session

Relates to the management of the Roosevelt Island operating corporation

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Archive: Last Bill Status Via A10392 - Vetoed by Governor

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Bill Amendments

2009-S7985 - Details

See Assembly Version of this Bill:
A10392
Law Section:
Corporations
Laws Affected:
Amd Chap 899 of 1984
Versions Introduced in 2011-2012 Legislative Session:
S3886, A6103

2009-S7985 - Summary

Relates to the management of the Roosevelt Island operating corporation.

2009-S7985 - Sponsor Memo

2009-S7985 - Bill Text download pdf

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

                                  7985

                            I N  S E N A T E

                              May 27, 2010
                               ___________

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

AN  ACT  to  amend  chapter  899  of  the  laws of 1984, relating to the
  creation of the Roosevelt Island operating corporation, in relation to
  the management of such corporation

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

  Section  1.  Chapter 899 of the laws of 1984, relating to the creation
of the Roosevelt Island operating corporation, subdivision 2 of  section
3  as  amended  by  chapter  766  of  the laws of 2005, subdivision 5 of
section 3 as amended by chapter 55 of the laws of  1992,  section  8  as
amended by chapter 770 of the laws of 1988, paragraph 2 of subdivision a
of  section  8 as amended by chapter 804 of the laws of 1990 and section
10-a as added by chapter 493 of the laws of 2002, is amended to read  as
follows:
  Section  1.  LEGISLATIVE  DECLARATION.  The  legislature hereby finds,
determines and declares that: (a) the city of New York and the New  York
state  urban  development  corporation  have  entered  into  a lease and
related agreements providing for the urban  development  corporation  to
use  its  statutory powers to create on Roosevelt Island a new community
which would retain and heighten  the  benefits  of  urban  living  while
preserving  a  sense  of scale and open space for Roosevelt Island resi-
dents and New York city as a whole; (b)  the  urban  development  corpo-
ration [has] AND ITS SUCCESSORS HAVE constructed the first [phase] PHAS-
ES of the island's development, including public facilities, pursuant to
a  general  development plan for Roosevelt Island, [which plan is being]
updated [and] FROM TIME TO TIME,  WHICH  PLAN  contemplates  significant
future  development on the island, including the provision of additional
housing, commercial, civic, recreational and other facilities;  (c)  [it
is  in  the  public  interest for] the urban development corporation [to
transfer] HAS TRANSFERRED all of its rights and obligations with respect
to the development, operation and supervision of both such existing  and
such  proposed  development to a public benefit corporation which [shall

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

2009-S7985A (ACTIVE) - Details

See Assembly Version of this Bill:
A10392
Law Section:
Corporations
Laws Affected:
Amd Chap 899 of 1984
Versions Introduced in 2011-2012 Legislative Session:
S3886, A6103

2009-S7985A (ACTIVE) - Summary

Relates to the management of the Roosevelt Island operating corporation.

2009-S7985A (ACTIVE) - Sponsor Memo

2009-S7985A (ACTIVE) - Bill Text download pdf

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

                                 7985--A
    Cal. No. 935

                            I N  S E N A T E

                              May 27, 2010
                               ___________

Introduced  by  Sen. SERRANO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and  Commissions -- reported favorably from said committee, ordered to
  first and second report, ordered to a third reading, passed by  Senate
  and  delivered  to the Assembly, recalled, vote reconsidered, restored
  to third reading, amended and ordered reprinted, retaining  its  place
  in the order of third reading

AN  ACT  to  amend  chapter  899  of  the  laws of 1984, relating to the
  creation of the Roosevelt Island operating corporation, in relation to
  the management of such corporation

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

  Section  1.  Chapter 899 of the laws of 1984, relating to the creation
of the Roosevelt Island operating corporation, subdivision 2 of  section
3  as  amended  by  chapter  766  of  the laws of 2005, subdivision 5 of
section 3 as amended by chapter 55 of the laws of  1992,  section  8  as
amended by chapter 770 of the laws of 1988, paragraph 2 of subdivision a
of  section  8 as amended by chapter 804 of the laws of 1990 and section
10-a as added by chapter 493 of the laws of 2002, is amended to read  as
follows:
  Section  1.  LEGISLATIVE  DECLARATION.  The  legislature hereby finds,
determines and declares that: (a) the city of New York and the New  York
state  urban  development  corporation  have  entered  into  a lease and
related agreements providing for the urban  development  corporation  to
use  its  statutory powers to create on Roosevelt Island a new community
which would retain and heighten  the  benefits  of  urban  living  while
preserving  a  sense  of scale and open space for Roosevelt Island resi-
dents and New York city as a whole; (b)  the  urban  development  corpo-
ration [has] AND ITS SUCCESSORS HAVE constructed the first [phase] PHAS-
ES of the island's development, including public facilities, pursuant to
a  general  development plan for Roosevelt Island, [which plan is being]
updated [and] FROM TIME TO TIME,  WHICH  PLAN  contemplates  significant
future  development on the island, including the provision of additional
housing, commercial, civic, recreational and other facilities;  (c)  [it

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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