Assembly Bill A7167E

Signed By Governor
2013-2014 Legislative Session

Authorizes telephone and telegraph corporations to issue stocks, bonds or other forms of indebtedness for the purposes of expanding broadband services

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

Bill Amendments

co-Sponsors

multi-Sponsors

2013-A7167 - Details

See Senate Version of this Bill:
S5863
Law Section:
Public Service Law
Laws Affected:
Amd §101, Pub Serv L

2013-A7167 - Summary

Authorizes telephone and telegraph corporations to issue stocks, bonds or other forms of indebtedness for the purposes of expanding broadband services when such corporation is receiving a federal grant or loan therefor.

2013-A7167 - Bill Text download pdf 

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

                                  7167

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               May 3, 2013
                               ___________

Introduced by M. of A. PAULIN -- read once and referred to the Committee
  on Corporations, Authorities and Commissions

AN  ACT  to amend the public service law, in relation to the issuance of
  stocks, bonds and other forms  of  indebtedness  for  the  purpose  of
  expanding broadband services

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

  Section 1. Section 101 of the public service law, as amended by  chap-
ter 443 of the laws of 2000, is amended to read as follows:
  S 101.   Authority  to  issue  stock, bonds and other forms of indebt-
edness.  A telegraph or telephone corporation may,  when  authorized  by
the  commission, issue stock, bonds, notes or other evidences of indebt-
edness payable at periods of more than  twelve  months  after  the  date
thereof, or a receiver of such a corporation, if duly authorized by law,
may issue receiver's certificates, when necessary for the acquisition of
property,  the construction, completion, extension or improvement of its
facilities or the improvement or maintenance of its service  within  the
state,  or  for the discharge or lawful refunding of its obligations, or
reimbursement of moneys actually  expended  from  the  income  from  any
source,  within  five  years next prior to the filing of the application
therefor, or for any  of  such  purposes,  provided,  however,  that  no
authority  shall  be granted authorizing such issue for reimbursement of
moneys expended from income for betterments or replacements  unless  the
applicant shall have kept its accounts and vouchers of such expenditures
in  such  manner  as to enable the commission to ascertain the amount of
moneys so expended and the purposes for  which  such  expenditures  were
made.  Stock  may be issued to stockholders as a stock dividend provided
that there shall have been secured from  the  commission  authority  for
such  issuance  and  for  a  transfer of surplus to capital in an amount
equal to the par or stated value of the stock so authorized and that the
applicant has certified in the application  for  authority  that  a  sum

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08868-01-3

co-Sponsors

multi-Sponsors

2013-A7167A - Details

See Senate Version of this Bill:
S5863
Law Section:
Public Service Law
Laws Affected:
Amd §101, Pub Serv L

2013-A7167A - Summary

Authorizes telephone and telegraph corporations to issue stocks, bonds or other forms of indebtedness for the purposes of expanding broadband services when such corporation is receiving a federal grant or loan therefor.

2013-A7167A - Bill Text download pdf 

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

                                 7167--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               May 3, 2013
                               ___________

Introduced  by  M.  of  A.  PAULIN,  BUCHWALD, JAFFEE, GABRYSZAK, GALEF,
  STIRPE, BOYLAND -- Multi-Sponsored  by  --  M.  of  A.  ABBATE,  COOK,
  GIBSON, HOOPER, MARKEY, MILLMAN, SCHIMEL, SOLAGES, TITONE -- read once
  and referred to the Committee on Corporations, Authorities and Commis-
  sions  --  committee  discharged,  bill  amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the public service law, in relation to the  issuance  of
  stocks,  bonds  and  other  forms  of  indebtedness for the purpose of
  expanding broadband services

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

  Section  1. Section 101 of the public service law, as amended by chap-
ter 443 of the laws of 2000, is amended to read as follows:
  S 101.  Authority to issue stock, bonds and  other  forms  of  indebt-
edness.    A  telegraph or telephone corporation may, when authorized by
the commission, issue stock, bonds, notes or other evidences of  indebt-
edness  payable  at  periods  of  more than twelve months after the date
thereof, or a receiver of such a corporation, if duly authorized by law,
may issue receiver's certificates, when necessary for the acquisition of
property, the construction, completion, extension or improvement of  its
facilities  or  the improvement or maintenance of its service within the
state, or for the discharge or lawful refunding of its  obligations,  or
reimbursement  of  moneys  actually  expended  from  the income from any
source, within five years next prior to the filing  of  the  application
therefor,  or  for  any  of  such  purposes,  provided, however, that no
authority shall be granted authorizing such issue for  reimbursement  of
moneys  expended  from income for betterments or replacements unless the
applicant shall have kept its accounts and vouchers of such expenditures
in such manner as to enable the commission to ascertain  the  amount  of
moneys  so  expended  and  the purposes for which such expenditures were
made. Stock may be issued to stockholders as a stock  dividend  provided

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08868-02-3

co-Sponsors

multi-Sponsors

2013-A7167B - Details

See Senate Version of this Bill:
S5863
Law Section:
Public Service Law
Laws Affected:
Amd §101, Pub Serv L

2013-A7167B - Summary

Authorizes telephone and telegraph corporations to issue stocks, bonds or other forms of indebtedness for the purposes of expanding broadband services when such corporation is receiving a federal grant or loan therefor.

2013-A7167B - Bill Text download pdf 

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

                                 7167--B

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               May 3, 2013
                               ___________

Introduced  by  M.  of  A.  PAULIN,  BUCHWALD, JAFFEE, GABRYSZAK, GALEF,
  STIRPE, BOYLAND -- Multi-Sponsored  by  --  M.  of  A.  ABBATE,  COOK,
  GIBSON, HOOPER, MARKEY, MILLMAN, SCHIMEL, SOLAGES, TITONE -- read once
  and referred to the Committee on Corporations, Authorities and Commis-
  sions  --  committee  discharged,  bill  amended, ordered reprinted as
  amended and recommitted to said committee -- again reported from  said
  committee  with amendments, ordered reprinted as amended and recommit-
  ted to said committee

AN ACT to amend the public service law, in relation to the  issuance  of
  stocks,  bonds  and  other  forms  of  indebtedness for the purpose of
  expanding broadband services

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

  Section  1. Section 101 of the public service law, as amended by chap-
ter 443 of the laws of 2000, is amended to read as follows:
  S 101.  Authority to issue stock, bonds and  other  forms  of  indebt-
edness.    A  telegraph or telephone corporation may, when authorized by
the commission, issue stock, bonds, notes or other evidences of  indebt-
edness  payable  at  periods  of  more than twelve months after the date
thereof, or a receiver of such a corporation, if duly authorized by law,
may issue receiver's certificates, when necessary for the acquisition of
property, the construction, completion, extension or improvement of  its
facilities  or  the improvement or maintenance of its service within the
state, or for the discharge or lawful refunding of its  obligations,  or
reimbursement  of  moneys  actually  expended  from  the income from any
source, within five years next prior to the filing  of  the  application
therefor,  or  for  any  of  such  purposes,  provided, however, that no
authority shall be granted authorizing such issue for  reimbursement  of
moneys  expended  from income for betterments or replacements unless the
applicant shall have kept its accounts and vouchers of such expenditures
in such manner as to enable the commission to ascertain  the  amount  of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08868-04-3

co-Sponsors

multi-Sponsors

2013-A7167C - Details

See Senate Version of this Bill:
S5863
Law Section:
Public Service Law
Laws Affected:
Amd §101, Pub Serv L

2013-A7167C - Summary

Authorizes telephone and telegraph corporations to issue stocks, bonds or other forms of indebtedness for the purposes of expanding broadband services when such corporation is receiving a federal grant or loan therefor.

2013-A7167C - Bill Text download pdf 

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

                                 7167--C
                                                           R. R. 250

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               May 3, 2013
                               ___________

Introduced  by  M.  of  A.  PAULIN,  BUCHWALD, JAFFEE, GABRYSZAK, GALEF,
  STIRPE, BOYLAND, OTIS -- Multi-Sponsored by -- M. of A. ABBATE,  COOK,
  GIBSON, HOOPER, MARKEY, MILLMAN, SCHIMEL, SOLAGES, TITONE -- read once
  and referred to the Committee on Corporations, Authorities and Commis-
  sions  --  committee  discharged,  bill  amended, ordered reprinted as
  amended and recommitted to said committee -- again reported from  said
  committee  with amendments, ordered reprinted as amended and recommit-
  ted to said committee -- reported and referred  to  the  Committee  on
  Rules  --  amended  on  the  special  order  of third reading, ordered
  reprinted as amended, retaining its place  on  the  special  order  of
  third reading

AN  ACT  to amend the public service law, in relation to the issuance of
  stocks, bonds and other forms  of  indebtedness  for  the  purpose  of
  expanding broadband services

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

  Section 1. Section 101 of the public service law, as amended by  chap-
ter 443 of the laws of 2000, is amended to read as follows:
  S 101.   Authority  to  issue  stock, bonds and other forms of indebt-
edness.  A telegraph or telephone corporation may,  when  authorized  by
the  commission, issue stock, bonds, notes or other evidences of indebt-
edness payable at periods of more than  twelve  months  after  the  date
thereof, or a receiver of such a corporation, if duly authorized by law,
may issue receiver's certificates, when necessary for the acquisition of
property,  the construction, completion, extension or improvement of its
facilities or the improvement or maintenance of its service  within  the
state,  or  for the discharge or lawful refunding of its obligations, or
reimbursement of moneys actually  expended  from  the  income  from  any
source,  within  five  years next prior to the filing of the application
therefor, or for any  of  such  purposes,  provided,  however,  that  no
authority  shall  be granted authorizing such issue for reimbursement of

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

co-Sponsors

multi-Sponsors

2013-A7167D - Details

See Senate Version of this Bill:
S5863
Law Section:
Public Service Law
Laws Affected:
Amd §101, Pub Serv L

2013-A7167D - Summary

Authorizes telephone and telegraph corporations to issue stocks, bonds or other forms of indebtedness for the purposes of expanding broadband services when such corporation is receiving a federal grant or loan therefor.

2013-A7167D - Bill Text download pdf 

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

                                 7167--D
                                                           R. R. 250

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               May 3, 2013
                               ___________

Introduced  by  M.  of  A.  PAULIN,  BUCHWALD, JAFFEE, GABRYSZAK, GALEF,
  STIRPE, BOYLAND, OTIS -- Multi-Sponsored by -- M. of A. ABBATE,  COOK,
  GIBSON, HOOPER, MARKEY, MILLMAN, SCHIMEL, SOLAGES, TITONE -- read once
  and referred to the Committee on Corporations, Authorities and Commis-
  sions  --  committee  discharged,  bill  amended, ordered reprinted as
  amended and recommitted to said committee -- again reported from  said
  committee  with amendments, ordered reprinted as amended and recommit-
  ted to said committee -- reported and referred  to  the  Committee  on
  Rules  --  amended  on  the  special  order  of third reading, ordered
  reprinted as amended, retaining its place  on  the  special  order  of
  third  reading  --  passed  by  Assembly  and delivered to the Senate,
  recalled from the Senate, vote  reconsidered,  bill  amended,  ordered
  reprinted, retaining its place on the special order of third reading

AN  ACT  to amend the public service law, in relation to the issuance of
  stocks, bonds and other forms  of  indebtedness  for  the  purpose  of
  expanding broadband services

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

  Section 1. Section 101 of the public service law, as amended by  chap-
ter 443 of the laws of 2000, is amended to read as follows:
  S 101.   Authority  to  issue  stock, bonds and other forms of indebt-
edness.  A telegraph or telephone corporation may,  when  authorized  by
the  commission, issue stock, bonds, notes or other evidences of indebt-
edness payable at periods of more than  twelve  months  after  the  date
thereof, or a receiver of such a corporation, if duly authorized by law,
may issue receiver's certificates, when necessary for the acquisition of
property,  the construction, completion, extension or improvement of its
facilities or the improvement or maintenance of its service  within  the
state,  or  for the discharge or lawful refunding of its obligations, or
reimbursement of moneys actually  expended  from  the  income  from  any
source,  within  five  years next prior to the filing of the application

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

co-Sponsors

multi-Sponsors

2013-A7167E (ACTIVE) - Details

See Senate Version of this Bill:
S5863
Law Section:
Public Service Law
Laws Affected:
Amd §101, Pub Serv L

2013-A7167E (ACTIVE) - Summary

Authorizes telephone and telegraph corporations to issue stocks, bonds or other forms of indebtedness for the purposes of expanding broadband services when such corporation is receiving a federal grant or loan therefor.

2013-A7167E (ACTIVE) - Bill Text download pdf 

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

                                 7167--E

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               May 3, 2013
                               ___________

Introduced by M. of A. PAULIN, BUCHWALD, JAFFEE, GALEF, STIRPE, BOYLAND,
  OTIS  --  Multi-Sponsored by -- M. of A. ABBATE, COOK, HOOPER, MARKEY,
  MILLMAN, SCHIMEL, SOLAGES, TITONE -- read once  and  referred  to  the
  Committee  on  Corporations,  Authorities and Commissions -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee -- again reported from said  committee  with  amend-
  ments,  ordered reprinted as amended and recommitted to said committee
  -- reported and referred to the Committee on Rules -- amended  on  the
  special  order of third reading, ordered reprinted as amended, retain-
  ing its place on the special order  of  third  reading  --  passed  by
  Assembly  and  delivered to the Senate, recalled from the Senate, vote
  reconsidered, bill amended, ordered reprinted, retaining its place  on
  the  special  order  of third reading -- ordered to a third reading --
  committed to the Committee on Corporations,  Authorities  and  Commis-
  sions  --  committee  discharged,  bill  amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the public service law, in relation to the  issuance  of
  stocks,  bonds  and  other  forms  of  indebtedness for the purpose of
  expanding broadband services

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

  Section  1. Section 101 of the public service law, as amended by chap-
ter 443 of the laws of 2000, is amended to read as follows:
  S 101.  Authority to issue stock, bonds and  other  forms  of  indebt-
edness.    A  telegraph or telephone corporation may, when authorized by
the commission, issue stock, bonds, notes or other evidences of  indebt-
edness  payable  at  periods  of  more than twelve months after the date
thereof, or a receiver of such a corporation, if duly authorized by law,
may issue receiver's certificates, when necessary for the acquisition of
property, the construction, completion, extension or improvement of  its
facilities  or  the improvement or maintenance of its service within the

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08868-11-4

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.