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Assembly Bill A3950

2015-2016 Legislative Session

Prohibits the imposition and collection of a fare, toll, rental, rate, charge or other fee on the Cross Bay Veterans Memorial Bridge or on any other bridge located entirely within one county of the state

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2015-A3950 (ACTIVE) - Details

See Senate Version of this Bill:
S6760
Law Section:
Public Authorities
Versions Introduced in Other Legislative Sessions:
2011-2012: A9000
2013-2014: A2072
2017-2018: S3608
2019-2020: S2259

2015-A3950 (ACTIVE) - Summary

Prohibits the imposition and collection of a fare, toll, rental, rate, charge or other fee on the Cross Bay Veterans Memorial Bridge or on any other bridge located entirely within one county of the state as security for bonds and notes issued by the Triborough bridge and tunnel authority or by the metropolitan commuter transportation authority.

2015-A3950 (ACTIVE) - Bill Text download pdf 

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

                                  3950

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 28, 2015
                               ___________

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

AN  ACT  in  relation  to prohibiting the imposition and collection of a
  fare, toll, rental, rate, charge or other fee on the Cross Bay  Veter-
  ans Memorial Bridge or on any other bridge located entirely within one
  county  of  the  state  as  security for bonds and notes issued by the
  Triborough bridge and tunnel authority or by the metropolitan commuter
  transportation authority

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

  Section  1.  Notwithstanding  any provision of law to the contrary, no
resolution authorizing any bonds or notes, or the issue of any bonds  or
notes  or other instrument, including bond covenants or series, by which
a pledge of the Triborough bridge and tunnel authority or by the  metro-
politan commuter transportation authority to any bondholder or notehold-
er  is created shall contain a provision requiring a fare, toll, rental,
rate, charge or other fee on the Cross Bay Veterans Memorial  Bridge  or
on any other bridge located entirely within one county of the state. Any
fare,  toll, rental, rate, charge or other fee on the Cross Bay Veterans
Memorial Bridge or on any other bridge located entirely within one coun-
ty of the state shall cease to be levied and collected as of the  effec-
tive date of this act.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06363-01-5

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