Senate Bill S3201

2019-2020 Legislative Session

Relates to the bond issuance charge

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Consumer Protection 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

Do you support this bill?

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

2019-S3201 (ACTIVE) - Details

Current Committee:
Senate Consumer Protection
Law Section:
Public Authorities Law
Laws Affected:
Amd §2976, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: S4539
2013-2014: S1745
2015-2016: S3598
2017-2018: S2376
2021-2022: S3440
2023-2024: S1262

2019-S3201 (ACTIVE) - Summary

Relates to the bond issuance charge as applied to the New York city housing development corporation.

2019-S3201 (ACTIVE) - Sponsor Memo

2019-S3201 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3201
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             February 4, 2019
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 AN  ACT  to  amend  the  public authorities law, in relation to the bond
   issuance charge
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  1  of section 2976 of the public authorities
 law, as amended by section 1 of part C of chapter  19  of  the  laws  of
 2010, is amended to read as follows:
   1.  Notwithstanding  any  other  law  to  the contrary, public benefit
 corporations (which for purposes of this section  shall  include  indus-
 trial  development  agencies  created  pursuant  to title one of article
 eighteen-A of the general municipal law or any other  provision  of  law
 and  the  New York city housing development corporation created pursuant
 to article twelve of the private housing finance law) which issue bonds,
 notes or other obligations shall pay to the state a bond issuance charge
 upon the issuance of such bonds in  an  amount  determined  pursuant  to
 subdivision  two of this section. Such charge shall be paid to the state
 department of taxation and finance, upon forms prescribed  therefor,  no
 later  than  fifteen  days  from  the end of the month within which such
 bonds are issued.  WITH RESPECT TO THE NEW YORK CITY HOUSING DEVELOPMENT
 CORPORATION SUCH BOND ISSUANCE CHARGE SHALL BE  CALCULATED  SOLELY  WITH
 RESPECT  TO  BONDS, NOTES OR OTHER OBLIGATIONS ISSUED THAT REQUIRE A NEW
 ALLOCATION FROM THE CURRENT YEAR UNIFIED STATE BOND  VOLUME  CEILING  OF
 NEW PRIVATE ACTIVITY BOND AUTHORITY OR A CARRY-FORWARD OF PRIVATE ACTIV-
 ITY BOND AUTHORITY.
   § 2. This act shall take effect on the one hundred twentieth day after
 it  shall have become a law. Effective immediately, the addition, amend-
 ment and/or repeal of any rule or regulation necessary for the implemen-
 tation of this act on its effective date are authorized to be made on or
 before such effective date.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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.