senate Bill S1354

2011-2012 Legislative Session

Relates to the ownership status of transit facilities

download bill text pdf

Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to transportation
Jan 06, 2011 referred to transportation

Co-Sponsors

S1354 - Details

See Assembly Version of this Bill:
A2960
Law Section:
Public Authorities Law
Laws Affected:
Amd §§1203 & 1203-a, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
S4380, A1337

S1354 - Summary

Directs, upon conveyance of certain transit facilities, that the New York city transit authority shall be deemed the sole owner of such facilities with respect to all obligations and liabilities imposed by law on property owners.

S1354 - Sponsor Memo

S1354 - Bill Text download pdf

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

                                  1354

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 6, 2011
                               ___________

Introduced by Sens. DILAN, DIAZ, PARKER -- read twice and ordered print-
  ed,  and  when printed to be committed to the Committee on Transporta-
  tion

AN ACT to amend the public authorities law, in relation to the ownership
  status of transit facilities

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

  Section  1.  Section  1203 of the public authorities law is amended by
adding a new subdivision 8 to read as follows:
  8. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, UPON THE CONVEYANCE  OF
THE TRANSIT FACILITIES IN ACCORDANCE WITH THIS SECTION, WHETHER BY DEED,
LEASE,  LICENSE  OR OTHER ARRANGEMENT, THE AUTHORITY SHALL BE DEEMED THE
SOLE OWNER OF SUCH  FACILITIES  WITH  RESPECT  TO  ALL  OBLIGATIONS  AND
LIABILITIES IMPOSED BY LAW ON PROPERTY OWNERS.
  S 2. Section 1203-a of the public authorities law is amended by adding
a new subdivision 12 to read as follows:
  12. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, UPON THE CONVEYANCE OF
ANY  OMNIBUS  LINE ACQUIRED BY THE CITY TO THE SUBSIDIARY CORPORATION IN
ACCORDANCE WITH THIS SECTION, THE SUBSIDIARY CORPORATION SHALL BE DEEMED
THE SOLE OWNER OF SUCH FACILITIES WITH RESPECT TO  ALL  OBLIGATIONS  AND
LIABILITIES IMPOSED BY LAW ON PROPERTY OWNERS.
  S  3.  This  act  shall take effect immediately and shall apply to all
matters arising on or after such effective date and to all matters pend-
ing on such effective date.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02929-01-1

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