Do you support this bill?

Assembly Bill A5725

2017-2018 Legislative Session

Exempts the Capital District transportation authority (CDTA) from bond issuance charges

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

co-Sponsors

2017-A5725 (ACTIVE) - Details

See Senate Version of this Bill:
S3888
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §2976, Pub Auth L
Versions Introduced in 2019-2020 Legislative Session:
A2550

2017-A5725 (ACTIVE) - Summary

Exempts the Capital District Transportation Authority from bond issuance charges.

2017-A5725 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5725
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2017
                                ___________
 
 Introduced  by  M. of A. FAHY, McDONALD -- read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in relation to exempting the
   Capital District 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 metropolitan area of the city  of
 New York has expanded, state support for regional transit in the greater
 Capital District area has not seen similar support. This lack of support
 has  adversely  impacted  mass  transit  riders  in  the greater Capital
 District region serviced by the Capital District transportation authori-
 ty (CDTA). It is the intent of the legislature that  the  CDTA  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.
   § 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 CAPITAL DISTRICT TRANSPORTATION AUTHOR-
 ITY  AND to recovery act bonds issued by the state of New York municipal
 bond bank agency in connection with local American  Recovery  and  Rein-
 vestment  Act pursuant to section two thousand four hundred thirty-six-b
 of this chapter.
   § 3. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09290-01-7

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.