Senate Bill S3386

2015-2016 Legislative Session

Relates to exempting the Rochester-Genesee regional transportation authority (RGRTA) from bond issuance charges

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Archive: Last Bill Status - In Assembly Committee


  • 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

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2015-S3386 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง2976, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2013-2014: S6892
2017-2018: S3143
2019-2020: S2952

2015-S3386 (ACTIVE) - Summary

Relates to exempting the Rochester-Genesee Regional Transportation Authority from bond issuance charges.

2015-S3386 (ACTIVE) - Sponsor Memo

2015-S3386 (ACTIVE) - Bill Text download pdf

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

                                  3386

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 6, 2015
                               ___________

Introduced by Sens. RANZENHOFER, FUNKE, ROBACH -- read twice and ordered
  printed,  and  when printed to be committed to the Committee on Corpo-
  rations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to exempting the
  Rochester-Genesee regional transportation authority from bond issuance
  charges

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

  Section  1.  Legislative  intent.  Over  the past several years, while
support of mass transit in the greater New York City  metropolitan  area
has  expanded, state support for regional transit in the greater Roches-
ter Genesee area has not seen similar support. This lack of support  has
adversely  impacted mass transit riders in the greater Rochester Genesee
region serviced by the Rochester-Genesee regional transportation author-
ity (RGRTA). It is the intent of the legislature that the RGRTA use  the
savings  that accrue from this act for maintenance and operations and to
ensure that mass transit riders do not face any further service cuts.
  S 2. Subdivision 4 of section 2976 of the public authorities  law,  as
added  by  section  12  of part E of chapter 494 of the laws of 2009, is
amended to read as follows:
  4. The provisions of subdivisions one and two of  this  section  shall
not  apply TO BONDS ISSUED BY THE ROCHESTER-GENESEE REGIONAL TRANSPORTA-
TION AUTHORITY AND to recovery act bonds issued by the state of New York
municipal bond bank agency in connection with  local  American  Recovery
and Reinvestment Act pursuant to section two thousand four hundred thir-
ty-six-b of this chapter.
  S 3. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08530-01-5


              

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