Assembly Bill A4986

2019-2020 Legislative Session

Authorizes the state to forgive outstanding loan debt from the Oswego port authority

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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2019-A4986 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Oswego County
Versions Introduced in 2017-2018 Legislative Session:
A7825

2019-A4986 (ACTIVE) - Summary

Authorizes the state to forgive outstanding loan debt from the Oswego port authority.

2019-A4986 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4986
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 6, 2019
                                ___________
 
 Introduced  by  M. of A. BARCLAY, MANKTELOW -- read once and referred to
   the Committee on Ways and Means
 
 AN ACT authorizing the forgiveness of loans received by the Oswego  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 Oswego Port Authority between the years of 1958 and 1981. The  total
 amount  of outstanding debt owed to the state to be forgiven pursuant to
 this act is $3,755,926. Any agreements entered  into  between  the  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.
                                                            LBD02523-01-9

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