Assembly Bill A8122

Signed By Governor
2019-2020 Legislative Session

Relates to the Battery Park city authority

download bill text pdf

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Archive: Last Bill Status - Signed by Governor

  • 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-A8122 (ACTIVE) - Details

See Senate Version of this Bill:
S6411
Law Section:
Public Authorities Law
Laws Affected:
Amd §1977-a, Pub Auth L

2019-A8122 (ACTIVE) - Summary

Authorizes the Battery Park city authority to issue bonds and notes for certain programs.

2019-A8122 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8122
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 3, 2019
                                ___________
 
 Introduced  by  M. of A. NIOU -- read once and referred to the Committee
   on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in relation to  the  Battery
   Park city authority
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 1 of section 1977-a of the  public  authorities
 law is amended by adding a new paragraph (f) to read as follows:
   (F)  ADDITIONAL  AUTHORIZATIONS.  FOR THE PURPOSE OF FINANCING CAPITAL
 COSTS IN CONNECTION  WITH  A  PROGRAM  OF  INFRASTRUCTURE  CONSTRUCTION,
 IMPROVEMENTS  AND  OTHER  CAPITAL EXPENDITURES FOR THE PROJECT AREA, THE
 AUTHORITY MAY, IN ADDITION TO THE AUTHORIZATIONS CONTAINED ELSEWHERE  IN
 THIS  TITLE,  BORROW  MONEY  BY  ISSUING BONDS AND NOTES IN AN AGGREGATE
 PRINCIPAL AMOUNT NOT EXCEEDING FIVE  HUNDRED  MILLION  DOLLARS,  PLUS  A
 PRINCIPAL  AMOUNT  OF BONDS OR NOTES ISSUED (I) TO FUND ANY RELATED DEBT
 SERVICE RESERVE FUND, (II) TO PROVIDE CAPITALIZED INTEREST, AND (III) TO
 PROVIDE FOR FEES AND OTHER CHARGES AND EXPENSES INCLUDING ANY UNDERWRIT-
 ERS' DISCOUNTS, RELATED TO THE ISSUANCE OF SUCH BONDS OR NOTES,  ALL  AS
 DETERMINED  BY THE AUTHORITY, EXCLUDING BONDS AND NOTES ISSUED TO REFUND
 OUTSTANDING BONDS AND NOTES ISSUED PURSUANT TO THIS SECTION.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13163-01-9

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