senate Bill S6462

Signed By Governor
2011-2012 Legislative Session

Relates to the application of the Iranian energy sector divestment act to public authorities and SUNY and CUNY

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A9224 -


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 17, 2012 signed chap.106
Jul 06, 2012 delivered to governor
May 09, 2012 returned to assembly
passed senate
3rd reading cal.672
substituted for s6462
May 09, 2012 substituted by a9224
May 07, 2012 advanced to third reading
May 02, 2012 2nd report cal.
May 01, 2012 1st report cal.672
Feb 13, 2012 referred to finance

S6462 - Details

See Assembly Version of this Bill:
A9224
Law Section:
Public Authorities Law
Laws Affected:
Add §2879-c, Pub Auth L; amd §160, St Fin L

S6462 - Summary

Provides for the application of the Iranian energy sector divestment act to public authorities and SUNY and CUNY; prohibits certain contracts.

S6462 - Sponsor Memo

S6462 - Bill Text download pdf

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

                                  6462

                            I N  S E N A T E

                            February 13, 2012
                               ___________

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

AN ACT to amend the public authorities law and the state finance law, in
  relation to the application of the Iranian  energy  sector  divestment
  act to certain entities

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

  Section 1. The public authorities law  is  amended  by  adding  a  new
section 2879-c to read as follows:
  S  2879-C.  IRANIAN  ENERGY  SECTOR  DIVESTMENT.  1.  AS  USED IN THIS
SECTION:
  A. "ENERGY SECTOR" SHALL HAVE THE SAME MEANING AS DEFINED IN PARAGRAPH
(A) OF SUBDIVISION ONE OF SECTION ONE HUNDRED SIXTY-FIVE-A OF THE  STATE
FINANCE LAW.
  B.  "FINANCIAL  INSTITUTION" SHALL HAVE THE SAME MEANING AS DEFINED IN
PARAGRAPH (B) OF SUBDIVISION ONE OF SECTION ONE HUNDRED SIXTY-FIVE-A  OF
THE STATE FINANCE LAW.
  C.  "INVESTMENT"  SHALL  HAVE THE SAME MEANING AS DEFINED IN PARAGRAPH
(C) OF SUBDIVISION ONE OF SECTION ONE HUNDRED SIXTY-FIVE-A OF THE  STATE
FINANCE LAW.
  D.  "IRAN"  SHALL HAVE THE SAME MEANING AS DEFINED IN PARAGRAPH (D) OF
SUBDIVISION ONE OF SECTION ONE HUNDRED SIXTY-FIVE-A OF THE STATE FINANCE
LAW.
  E. "PERSON" SHALL HAVE THE SAME MEANING AS DEFINED IN PARAGRAPH (E) OF
SUBDIVISION ONE OF SECTION ONE HUNDRED SIXTY-FIVE-A OF THE STATE FINANCE
LAW.
  2. FOR PURPOSES OF THIS SECTION, A PERSON ENGAGES IN INVESTMENT ACTIV-
ITIES IN IRAN IF:
  A. THE PERSON PROVIDES GOODS OR SERVICES OF TWENTY MILLION DOLLARS  OR
MORE  IN THE ENERGY SECTOR OF IRAN, INCLUDING A PERSON THAT PROVIDES OIL
OR LIQUEFIED NATURAL GAS TANKERS, OR PRODUCTS USED TO CONSTRUCT OR MAIN-
TAIN PIPELINES USED TO TRANSPORT OIL OR LIQUEFIED NATURAL GAS,  FOR  THE
ENERGY SECTOR OF IRAN; OR

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14401-01-2

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