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Assembly Bill A1007

2017-2018 Legislative Session

Relates to exempting the metropolitan transportation authority from bond issuance charges

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Archive: Last Bill Status - In Assembly Committee

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2017-A1007 (ACTIVE) - Details

See Senate Version of this Bill:
S229
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §2976, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9280, S6432
2013-2014: A1825, S3633
2015-2016: A502, S691
2019-2020: A8036, S2786
2021-2022: A6796, S5845
2023-2024: S2872
2025-2026: S4333

2017-A1007 (ACTIVE) - Summary

Exempts the metropolitan transportation authority from bond issuance charges otherwise required to be paid to the state.

2017-A1007 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1007
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 10, 2017
                                ___________
 
 Introduced  by  M.  of  A.  CUSICK, TITONE, MALLIOTAKIS -- read once and
   referred to the Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law,  in  relation  to  exempting
   certain public authorities from bond issuance charges
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. 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, NOTES OR OTHER OBLIGATIONS ISSUED BY THE METROPOL-
 ITAN TRANSPORTATION AUTHORITY, AND THE NEW YORK CITY TRANSIT  AUTHORITY,
 THE  TRIBOROUGH  BRIDGE  AND TUNNEL 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 thirty-six-b of this chapter.
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00254-01-7

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