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Senate Bill S5810

2011-2012 Legislative Session

Relates to extending the effectiveness of the New York state infrastructure fund

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Sponsored By

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

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2011-S5810 (ACTIVE) - Details

See Assembly Version of this Bill:
A8246
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Public Authorities
Laws Affected:
Amd ยง19, Chap 555 of 1989
Versions Introduced in 2013-2014 Legislative Session:
S1843

2011-S5810 (ACTIVE) - Summary

Extends provisions relating to mortgage pool insurance.

2011-S5810 (ACTIVE) - Sponsor Memo

2011-S5810 (ACTIVE) - Bill Text download pdf 

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

                                  5810

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 17, 2011
                               ___________

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

AN  ACT  to  amend  chapter  555 of the laws of 1989 amending the public
  authorities law and other laws relating to  establishing  a  New  York
  state  infrastructure  trust fund, in relation to extending the effec-
  tiveness thereof

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

  Section 1.  Section 19 of chapter 555 of the laws of 1989 amending the
public  authorities  law  and  other laws relating to establishing a New
York state infrastructure trust fund, as amended by chapter 192  of  the
laws of 2009, is amended to read as follows:
  S  19.  This  act shall take effect immediately and shall be deemed to
have been in full force and effect on and after June 15,  1989  provided
that  the  amendments  to  law effected by sections six and nine through
seventeen of this act, as amended, shall cease to be of force and effect
on and after [July 16, 2011] JULY 23, 2013, on which date the provisions
of the public authorities law amended by such sections shall be as  they
were  in  force  and effect immediately prior to this act taking effect,
and provided however that the amendments to law effected by sections six
and nine through seventeen of this act, as amended,  shall  continue  to
apply  to  all commitments issued or policies or development corporation
credit support in force on or before [July 16, 2011] JULY 23, 2013,  and
provided  further  that  the  amendments to section 2429-b of the public
authorities law made by section 13 of chapter 3  of  the  laws  of  2004
which  amended  this  section  shall not cease to be of force and effect
prior to the time that full payment of all development corporation cred-
it support obligations has been made or provided for.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11033-01-1

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