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Senate Bill S1843

2013-2014 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 Infrastructure And Capital Investment Committee

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2013-S1843 (ACTIVE) - Details

Current Committee:
Senate Infrastructure And Capital Investment
Law Section:
Public Authorities
Laws Affected:
Amd ยง19, Chap 555 of 1989
Versions Introduced in 2011-2012 Legislative Session:
S5810

2013-S1843 (ACTIVE) - Summary

Extends provisions relating to mortgage pool insurance.

2013-S1843 (ACTIVE) - Sponsor Memo

2013-S1843 (ACTIVE) - Bill Text download pdf 

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

                                  1843

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

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

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 100 of the
laws of 2011, 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[, 23 2013] 23, 2015, 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 23, [2013] 2015, 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 credit support obli-
gations 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.

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