Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 23, 2016 |
reported and committed to finance |
Feb 11, 2016 |
referred to corporations, authorities and commissions |
Senate Bill S6737
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
Actions
Votes
2015-S6737 (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- Public Authorities
- Versions Introduced in 2017-2018 Legislative Session:
-
S3011
2015-S6737 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6737 TITLE OF BILL : An act authorizing the forgiveness of loans received by the Ogdensburg Bridge and Port Authority PURPOSE : To forgive advances the Oswego Port Authority received from the State of New York going back to 1950, so that the repayment costs may instead be used for infrastructure improvements and new jobs. SUMMARY OF PROVISIONS : Section one of the bill authorizes the State of New York to forgive outstanding loans made to the Ogdensburg Bridge and Port Authority between the years 1950 and 1960. Section two provides for an immediate effective date. EXISTING LAW : Currently the Ogdensburg Bridge and Port Authority is obligated to repay outstanding debt owed to the State of New York for advances made dating back to 1950. JUSTIFICATION :
2015-S6737 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6737 I N S E N A T E February 11, 2016 ___________ Introduced by Sen. RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT authorizing the forgiveness of loans received by the Ogdensburg Bridge and Port Authority THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any inconsistent general, special or local law to the contrary, New York State through the division of the budget is hereby authorized to forgive outstanding amounts on all loans made to the Ogdensburg Bridge and Port Authority between the years of 1950 and 1981. The total amount of outstanding debt owed to the state to be forgiven pursuant to this act is $16,600,000. Any agreements entered into between the Bridge and Port Authority and New York State to repay such obligations shall be canceled. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14073-01-6
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