senate Bill S1395B

2011-2012 Legislative Session

Relates to debt limitation recommendations for state authorities

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Archive: Last Bill Status - In Committee


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

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Actions

view actions (8)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 19, 2012 reported and committed to finance
Jan 04, 2012 referred to corporations, authorities and commissions
Dec 21, 2011 print number 1395b
amend and recommit to finance
Jun 06, 2011 reported and committed to finance
May 05, 2011 print number 1395a
amend (t) and recommit to corporations, authorities and commissions
Jan 07, 2011 referred to corporations, authorities and commissions

Votes

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Mar 19, 2012 - Corporations, Authorities and Commissions committee Vote

S1395B
6
0
committee
6
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: Mar 19, 2012

Jun 6, 2011 - Corporations, Authorities and Commissions committee Vote

S1395A
6
0
committee
6
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Jun 6, 2011

Bill Amendments

Original
A
B (Active)
Original
A
B (Active)

S1395 - Bill Details

See Assembly Version of this Bill:
A6310B
Current Committee:
Law Section:
Public Authorities Law
Laws Affected:
Amd §6, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
S8425, A11222A

S1395 - Bill Texts

view summary

Relates to debt limitation recommendations for state authorities.

view sponsor memo
BILL NUMBER:S1395

TITLE OF BILL:
An act
to amend the public authorities law, in relation to debt reduction
policies for all state authorities

PURPOSE OR GENERAL IDEA OF BILL:
This bill will alter the portion of
the 2009 Public Authorities Reform Act that deals with the setting of
debt limitations by public authorities

SUMMARY OF SPECIFIC PROVISIONS:
Section one stipulates that within 90
days of the passage of this statute, the Authorities Budget Office
must additionally implement debt reduction practices for all state
public authorities. Section two states the effective date.

JUSTIFICATION:
The Authorities Budget Office, whose role was defined
in the groundbreaking. Public Authorities Reform Act of 2009, is an
ever-changing institution whose mission and procedural goals are
still evolving. In light of recent events, it has become clear that
the mandatory imposition of debt reduction practices for all state
authorities will invariably lead to less waste and abuse by state
authorities, and be a useful step forward in creating transparency
and efficiency within these vital government entities.

PRIOR LEGISLATIVE-HISTORY:
2010: Referred to Rules (S.8425)

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
This act shall take effect immediately.

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

                                  1395

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 7, 2011
                               ___________

Introduced  by  Sen. PERKINS -- 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 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 ELEVEN THAT AMENDED THIS PARAGRAPH, issue recommen-
dations  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.
                                                           LBD04146-01-1

S1395A - Bill Details

See Assembly Version of this Bill:
A6310B
Current Committee:
Law Section:
Public Authorities Law
Laws Affected:
Amd §6, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
S8425, A11222A

S1395A - Bill Texts

view summary

Relates to debt limitation recommendations for state authorities.

view sponsor memo
BILL NUMBER:S1395A

TITLE OF BILL:
An act
to amend the public authorities law, in relation to debt limitation
recommendations for state authorities

PURPOSE OR GENERAL IDEA OF BILL:
This bill will alter the portion of the 2009 Public Authorities Reform
Act that deals with the setting of debt limitations by public
authorities.

SUMMARY OF SPECIFIC PROVISIONS:
Section one stipulates that within 180 days of the passage of this
statute, the Authorities Budget Office must additionally implement
debt reduction practices for all state public authorities. Section
two states the effective date.

JUSTIFICATION:
The Authorities Budget Office, whose role was defined in the
groundbreaking. Public Authorities Reform Act of 2009, is an
ever-changing institution whose mission and procedural goals are
still evolving. In light of recent events, it has become clear that
the mandatory imposition of debt reduction practices for all state
authorities will invariably lead to less waste and abuse by state
authorities, and be a useful step forward in creating transparency
and efficiency within these vital government entities.

PRIOR LEGISLATIVE-HISTORY:
2010: Referred to Rules (S.8425)

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
This act shall take effect immediately.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 1395--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 7, 2011
                               ___________

Introduced  by  Sen. PERKINS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and   Commissions  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the public authorities law, in relation to debt  limita-
  tion recommendations for 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 ONE HUNDRED EIGHTY DAYS OF THE EFFECTIVE DATE OF THE CHAP-
TER OF THE LAWS OF TWO THOUSAND  ELEVEN  THAT  AMENDED  THIS  PARAGRAPH,
issue  recommendations  to  the legislature and governor on setting debt
limitations for authorities without statutorily required debt limits;
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04146-03-1

S1395B (ACTIVE) - Bill Details

See Assembly Version of this Bill:
A6310B
Current Committee:
Law Section:
Public Authorities Law
Laws Affected:
Amd §6, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
S8425, A11222A

S1395B (ACTIVE) - Bill Texts

view summary

Relates to debt limitation recommendations for state authorities.

view sponsor memo
BILL NUMBER:S1395B

TITLE OF BILL:
An act
to amend the public authorities law, in relation to debt limitation
recommendations for state authorities

PURPOSE OR GENERAL IDEA OF BILL:
This bill will alter the portion of the 2009 Public Authorities Reform
Act that deals with the setting of debt limitations by public
authorities.

SUMMARY OF SPECIFIC PROVISIONS:
Section one stipulates that within 180 days of the passage of this
statute, the Authorities Budget Office must additionally implement
debt reduction practices for all state public authorities. section
two states the effective date.

JUSTIFICATION:
The Authorities Budget Office, whose role was defined in the
groundbreaking. Public Authorities Reform Act of 2009, is an
ever-changing institution whose mission and procedural goals are
still evolving. In light of recent events, it has become clear that
the mandatory imposition of debt reduction practices for all state
authorities will invariably lead to less waste and abuse by state
authorities, and be a useful step forward in creating transparency
and efficiency within these vital government entities.

PRIOR LEGISLATIVE-HISTORY:
S.1395A of 2010-2011 - Passed Corporations, Authorities & Commissions;
Reported to Finance
S.8425 of 2009-2010 - Referred to Rules

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
This act shall take effect immediately.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 1395--B

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 7, 2011
                               ___________

Introduced  by  Sen. PERKINS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and   Commissions  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to  said  committee  --  reported
  favorably  from  said  committee  and  committed  to  the Committee on
  Finance -- committee discharged, bill amended,  ordered  reprinted  as
  amended and recommitted to said committee

AN  ACT to amend the public authorities law, in relation to debt limita-
  tion recommendations for 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 ONE HUNDRED EIGHTY DAYS OF THE EFFECTIVE DATE OF THE  CHAP-
TER  OF  THE  LAWS  OF  TWO THOUSAND TWELVE THAT AMENDED THIS PARAGRAPH,
issue recommendations to the legislature and governor  on  setting  debt
limitations for authorities without statutorily required debt limits;
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04146-04-1

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