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Assembly Bill A8992

2019-2020 Legislative Session

Relates to the continuity of the Roosevelt Island operating corporation

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Archive: Last Bill Status - In Assembly Committee

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2019-A8992 (ACTIVE) - Details

See Senate Version of this Bill:
S6963
Current Committee:
Assembly Ways And Means
Law Section:
Public Authorities Law
Laws Affected:
Amd §3, Chap 383 of 2019

2019-A8992 (ACTIVE) - Summary

Relates to the Roosevelt Island operating corporation; provides for the continuity of the Roosevelt Island operating corporation.

2019-A8992 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8992
 
                           I N  A S S E M B L Y
 
                              January 8, 2020
                                ___________
 
 Introduced  by  M.  of  A.  SEAWRIGHT  --  read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend chapter 383 of the laws  of  2019  amending  the  public
   authorities  law  relating  to  the  Roosevelt Island operating corpo-
   ration, in relation to the continuity of the Roosevelt Island  operat-
   ing corporation

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 3 of chapter 383 of the laws of 2019  amending  the
 public authorities law relating to the Roosevelt Island operating corpo-
 ration is amended to read as follows:
   § 3.  TITLE 35 OF ARTICLE 8 OF THE PUBLIC AUTHORITIES LAW CONSTITUTING
 THE  ROOSEVELT ISLAND OPERATING CORPORATION CREATED BY THIS ACT SHALL BE
 DEEMED FOR ALL PURPOSES TO BE A CONTINUATION  OF  THE  ROOSEVELT  ISLAND
 OPERATING  CORPORATION  AS  IT WAS CONSTITUTED IMMEDIATELY PRECEDING THE
 EFFECTIVE DATE OF THIS ACT AND SHALL NOT BE CONSTRUED AS A NEWLY CREATED
 CORPORATION. ALL MEMBERS OF THE ROOSEVELT ISLAND  OPERATING  CORPORATION
 BOARD  OF  DIRECTORS  APPOINTED  TO THE BOARD OF THE CORPORATION AS SUCH
 CORPORATION WAS CONSTITUTED IMMEDIATELY PRECEDING THE EFFECTIVE DATE  OF
 THIS  ACT  SHALL  CONTINUE IN OFFICE UNTIL THE EXPIRATION OF THEIR TERMS
 AND UNTIL THEIR SUCCESSORS ARE APPOINTED AND HAVE QUALIFIED.  ALL  UNEX-
 PENDED  BALANCES  OF APPROPRIATIONS OF MONIES HERETOBEFORE MADE OR ALLO-
 CATED TO THE ROOSEVELT ISLAND OPERATING CORPORATION AS SUCH  CORPORATION
 WAS  CONSTITUTED  IMMEDIATELY  PRECEDING  THE EFFECTIVE DATE OF THIS ACT
 WHETHER OBLIGATED OR UNOBLIGATED, ARE HEREBY  TRANSFERRED  TO  AND  MADE
 AVAILABLE  TO  THE  ROOSEVELT ISLAND OPERATING CORPORATION AS CREATED BY
 THIS ACT. ALL RULES, REGULATIONS, ORDERS, DETERMINATIONS, AND  DECISIONS
 OF  THE  ROOSEVELT  ISLAND  OPERATING CORPORATION, AS IT WAS CONSTITUTED
 IMMEDIATELY PRECEDING THE EFFECTIVE DATE OF THIS ACT, SHALL CONTINUE  IN
 FULL  FORCE AND EFFECT AS RULES, REGULATIONS, ORDERS, DETERMINATIONS AND
 DECISIONS OF THE ROOSEVELT ISLAND OPERATING CORPORATION CREATED BY  THIS
 ACT.
   § 4. This act shall take effect immediately.
   §  2.  This  act  shall take effect immediately and shall be deemed to
 have been in full force and effect on the same  date  and  in  the  same
 manner as chapter 383 of the laws of 2019 took effect.

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