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Assembly Bill A9253

2011-2012 Legislative Session

Relates to exempting the metropolitan transportation authority from paying the bond issuance fee

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Archive: Last Bill Status - In Assembly Committee

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2011-A9253 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง2976, Pub Auth L

2011-A9253 (ACTIVE) - Summary

Relates to exempting the metropolitan transportation authority from paying the state bond issuance fee.

2011-A9253 (ACTIVE) - Bill Text download pdf 

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

                                  9253

                          I N  A S S E M B L Y

                            February 9, 2012
                               ___________

Introduced  by M. of A. NOLAN -- read once and referred to the Committee
  on Corporations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to exempting the
  metropolitan transportation authority from paying  the  bond  issuance
  fee

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

  Section 1. Section 2976 of the public authorities law  is  amended  by
adding a new subdivision 5 to read as follows:
  5.  THE  PROVISIONS  OF SUBDIVISIONS ONE AND TWO OF THIS SECTION SHALL
NOT APPLY TO BONDS ISSUED BY THE METROPOLITAN TRANSPORTATION AUTHORITY.
  S 2. This act shall take effect immediately.








 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14230-01-2

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