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Assembly Bill A5334

2013-2014 Legislative Session

Authorizes the Urban Development Corporation to create a subsidiary corporation for the oversight of the Atlantic Yards project

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Archive: Last Bill Status - In Assembly Committee

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2013-A5334 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง2827-a, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: A11431
2011-2012: A1820

2013-A5334 (ACTIVE) - Summary

Authorizes the Urban Development Corporation to create a subsidiary corporation for the purpose of the further planning, design, and oversight of the Atlantic Yards land use improvement and civic project.

2013-A5334 (ACTIVE) - Bill Text download pdf 

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

                                  5334

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 22, 2013
                               ___________

Introduced  by  M.  of  A. MOSLEY, AUBRY, COOK, STIRPE, BOYLAND, KEARNS,
  MILLMAN -- Multi-Sponsored by -- M. of A. GUNTHER  --  read  once  and
  referred to the Committee on Corporations, Authorities and Commissions

AN  ACT  to  amend the public authorities law, in relation to creating a
  subsidiary corporation for the planning and oversight of the  Atlantic
  yards project

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

  Section 1. Section 2827-a of the public authorities law is amended  by
adding a new subdivision 8 to read as follows:
  8. NOTWITHSTANDING SUBDIVISION ONE OF THIS SECTION, THE URBAN DEVELOP-
MENT  CORPORATION  IS HEREBY AUTHORIZED AND DIRECTED TO IMMEDIATELY TAKE
ALL ACTION TO  CREATE  A  SUBSIDIARY  CORPORATION,  IN  ACCORDANCE  WITH
SECTION  TWELVE OF THE NEW YORK STATE URBAN DEVELOPMENT CORPORATION ACT,
FOR THE PURPOSE OF THE FURTHER PLANNING, DESIGN  AND  OVERSIGHT  OF  THE
ATLANTIC YARDS LAND USE IMPROVEMENT AND CIVIC PROJECT.
  S 2. This act shall take effect immediately, provided that the subsid-
iary  corporation  authorized in section one of this act must be created
within 60 days of such authorization.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07889-01-3

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