Senate Bill S8425

2009-2010 Legislative Session

Relates to debt reduction policies for all state authorities

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


  • 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

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2009-S8425 (ACTIVE) - Details

See Assembly Version of this Bill:
A11222
Current Committee:
Senate Rules
Law Section:
Public Authorities Law
Laws Affected:
Amd §6, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: S1395, A4675, A6310
2013-2014: S1259, A6247
2015-2016: A1927
2017-2018: A3736

2009-S8425 (ACTIVE) - Summary

Relates to debt reduction policies for all state authorities.

2009-S8425 (ACTIVE) - Sponsor Memo

2009-S8425 (ACTIVE) - Bill Text download pdf

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

                                  8425

                            I N  S E N A T E

                              July 1, 2010
                               ___________

Introduced  by  Sen. PERKINS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to  amend  the  public  authorities  law,  in  relation  to  debt
  reduction policies for all state authorities

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

  Section 1. Paragraph (m) of subdivision 1 of section 6 of  the  public
authorities law, as added by chapter 506 of the laws of 2009, is amended
to read as follows:
  (m)  WITHIN  NINETY  DAYS  OF THE EFFECTIVE DATE OF THE CHAPTER OF THE
LAWS OF TWO THOUSAND TEN THAT AMENDED THIS PARAGRAPH, issue  recommenda-
tions  to  the  legislature and governor on setting debt limitations for
authorities without statutorily required debt limits  AND  REQUIRE  DEBT
REDUCTION POLICIES FOR ALL STATE AUTHORITIES;
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD17491-03-0


              

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