Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to corporations, authorities and commissions |
Jan 19, 2017 |
referred to corporations, authorities and commissions |
Senate Bill S3011
2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions 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
2017-S3011 (ACTIVE) - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Public Authorities
- Versions Introduced in 2015-2016 Legislative Session:
-
S6737
2017-S3011 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3011 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 1 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 2 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 :
2017-S3011 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3011 2017-2018 Regular Sessions I N S E N A T E January 19, 2017 ___________ 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. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08238-01-7
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.