| Date of Action |
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 |
| Dec 21, 2011 |
amend and recommit to finance |
| Jun 06, 2011 |
reported and committed to finance |
| May 05, 2011 |
print number 1395a |
| May 05, 2011 |
amend (t) and recommit to corporations, authorities and commissions |
| Jan 07, 2011 |
referred to corporations, authorities and commissions |
Senate Bill S1395
2011-2012 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Finance Committee
Actions
Votes
Bill Amendments
2011-S1395 - Details
- Current Committee:
- Senate Finance
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §6, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S8425
2013-2014: S1259
2011-S1395 - 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
2011-S1395 - Bill Text download pdf
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
2011-S1395A - Details
- Current Committee:
- Senate Finance
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §6, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S8425
2013-2014: S1259
2011-S1395A - 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
2011-S1395A - Bill 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
2011-S1395B (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §6, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S8425
2013-2014: S1259
2011-S1395B (ACTIVE) - 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
2011-S1395B (ACTIVE) - Bill 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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