Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to corporations, authorities and commissions |
Jan 26, 2021 |
referred to corporations, authorities and commissions |
Assembly Bill A3396
2021-2022 Legislative Session
Sponsored By
LAVINE
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
Actions
co-Sponsors
Steve Stern
Melissa Miller
2021-A3396 (ACTIVE) - Details
2021-A3396 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3396 2021-2022 Regular Sessions I N A S S E M B L Y January 26, 2021 ___________ Introduced by M. of A. LAVINE, STERN, M. MILLER -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to tax certior- ari proceedings by the Long Island power authority THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (u) of section 1020-f of the public authorities law, as added by chapter 517 of the laws of 1986, is amended by adding a new paragraph 5 to read as follows: 5. NOTWITHSTANDING ANY LAW, RULE, OR REGULATION TO THE CONTRARY, IN THE EVENT THAT THE AUTHORITY EITHER SUCCEEDS IN A TAX CERTIORARI CHAL- LENGE AGAINST A MUNICIPALITY ON ONE OR MORE OF ITS ELECTRIC GENERATING FACILITIES OR AGREES TO A REDUCTION IN ITS PROPERTY TAXES OR PAYMENTS IN LIEU OF TAXES PAID THROUGH A SETTLEMENT AGREEMENT WITH A MUNICIPALITY ON ONE OR MORE OF ITS ELECTRIC GENERATING FACILITIES, ANY SAVINGS IN PROP- ERTY TAXES OR PAYMENTS IN LIEU OF TAXES PAID BY THE AUTHORITY SHALL BE USED SOLELY TO REDUCE THE RATES PAID BY ITS RATEPAYERS. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06599-01-1
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