senate Bill S6411A

2019-2020 Legislative Session

Relates to financing project costs for the project for the Battery Park project area

download bill text pdf

Sponsored By

Current Bill Status Via A8122 - Passed Senate & Assembly


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

Your Voice

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

view actions (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2019 returned to assembly
passed senate
3rd reading cal.1629
substituted for s6411a
Jun 20, 2019 substituted by a8122
Jun 18, 2019 ordered to third reading cal.1629
Jun 16, 2019 print number 6411a
Jun 16, 2019 amend (t) and recommit to rules
Jun 07, 2019 referred to rules

S6411 - Details

See Assembly Version of this Bill:
A8122
Law Section:
Public Authorities Law
Laws Affected:
Amd §1977-a, Pub Auth L

S6411 - Summary

Relates to financing project costs for the project for the Battery Park project area.

S6411 - Sponsor Memo

S6411 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6411

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              June 7, 2019
                               ___________

Introduced  by  Sen.  KAVANAGH  --  (at request of the Battery Park City
  Authority) -- read twice and ordered printed, and when printed  to  be
  committed to the Committee on Rules

AN  ACT  to  amend the public authorities law, in relation to increasing
  financing for project costs of 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.  Paragraph  (a)  of subdivision 1 of section 1977-a of the
public authorities law, as amended by chapter 241 of the laws  of  1995,
is amended to read as follows:
  (a) For the purpose of financing project costs for the project for the
Battery  Park  project  area other than the financing of loans, advances
and mortgage loans to housing companies  organized  to  provide  housing
within  the Battery Park project area, the authority may issue bonds and
notes in an aggregate principal amount at any one time  outstanding  not
exceeding  [three  hundred] SIX HUNDRED FIFTY million dollars, excluding
bonds and notes issued to refund outstanding bonds and notes.
  § 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09040-02-9

S6411A (ACTIVE) - Details

See Assembly Version of this Bill:
A8122
Law Section:
Public Authorities Law
Laws Affected:
Amd §1977-a, Pub Auth L

S6411A (ACTIVE) - Summary

Relates to financing project costs for the project for the Battery Park project area.

S6411A (ACTIVE) - Sponsor Memo

S6411A (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6411--A

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              June 7, 2019
                               ___________

Introduced  by  Sen.  KAVANAGH  --  (at request of the Battery Park City
  Authority) -- read twice and ordered printed, and when printed  to  be
  committed  to  the  Committee  on  Rules -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

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.
                                                           LBD09040-03-9

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. 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.