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Assembly Bill A8246

2011-2012 Legislative Session

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

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Archive: Last Bill Status - In Assembly Committee

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2011-A8246 (ACTIVE) - Details

See Senate Version of this Bill:
S5810
Current Committee:
Assembly Housing
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง19, Chap 555 of 1989
Versions Introduced in 2013-2014 Legislative Session:
S1843

2011-A8246 (ACTIVE) - Summary

Extends provisions relating to mortgage pool insurance.

2011-A8246 (ACTIVE) - Bill Text download pdf 

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

                                  8246

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              June 8, 2011
                               ___________

Introduced  by M. of A. JEFFRIES, V. LOPEZ, COOK, WRIGHT, HEASTIE, BENE-
  DETTO, CAMARA, ROSENTHAL, CASTRO, GIBSON -- Multi-Sponsored by  --  M.
  of  A.  BING,  ROBINSON  -- read once and referred to the Committee on
  Housing

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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