Assembly Bill A5660

2017-2018 Legislative Session

Requires the approval of the state comptroller on every application submitted to the public authorities control board

download bill text pdf

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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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2017-A5660 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §51, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: A6927
2011-2012: A6687
2013-2014: A4278
2015-2016: A4854

2017-A5660 (ACTIVE) - Summary

Requires the approval of the state comptroller on every application submitted to the public authorities control board.

2017-A5660 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5660
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2017
                                ___________
 
 Introduced  by  M.  of A. CURRAN, FINCH -- read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in relation to requiring the
   approval of the state comptroller on every  application  submitted  to
   the public authorities control board

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 2 of section 51 of the public authorities  law,
 as  added  by  chapter  838  of  the laws of 1983, is amended to read as
 follows:
   2. The board may require as part of such application such  information
 as  it  deems  necessary  and  shall  act upon such application within a
 reasonable time. The board shall furnish the state  comptroller  with  a
 copy of each such application within three days following receipt there-
 of by the board. The board shall not approve any such application [prior
 to  the  earlier  of  (a)  seven days following the receipt by the state
 comptroller of such application or (b) the receipt by the board  of  the
 state  comptroller's  comments  on  the application or his consent to an
 earlier determination by the board] UNTIL THE RECEIPT BY  THE  BOARD  OF
 THE  STATE  COMPTROLLER'S APPROVAL ON THE APPLICATION IN REGARDS TO BOTH
 COMPLIANCE WITH REGULATIONS AND BOND MARKET ASSESSMENT.    Reference  to
 the  state  comptroller in this subdivision shall include any authorized
 representative of the state comptroller.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08521-01-7

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