Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 02, 2021 |
signed chap.330 |
Jul 21, 2021 |
delivered to governor |
Jun 09, 2021 |
returned to assembly passed senate 3rd reading cal.1653 substituted for s6441 |
Jun 07, 2021 |
referred to rules delivered to senate passed assembly ordered to third reading rules cal.469 rules report cal.469 reported |
Jun 03, 2021 |
reported referred to rules |
May 19, 2021 |
reported referred to ways and means |
Apr 29, 2021 |
referred to corporations, authorities and commissions |
Assembly Bill A7237
Signed By Governor2021-2022 Legislative Session
Sponsored By
MCDONALD
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
Actions
Votes
2021-A7237 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6441
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §3053, Pub Auth L
2021-A7237 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7237 2021-2022 Regular Sessions I N A S S E M B L Y April 29, 2021 ___________ Introduced by M. of A. McDONALD -- read once and referred to the Commit- tee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to the disposi- tion of excess funds of the municipal assistance corporation for the city of Troy and providing for the termination of the municipal assistance corporation for the city of Troy THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 3053 of the public authorities law is amended by adding a new subdivision 1-a to read as follows: 1-A. NOTWITHSTANDING THE PROVISIONS OF SUBDIVISION ONE OF THIS SECTION OR ANY OTHER PROVISION OF LAW, UPON PAYMENT IN FULL OF ALL OUTSTANDING BONDS OR NOTES ISSUED BY THE CORPORATION UNDER THIS TITLE, AND PAYMENT OF ALL AMOUNTS REQUIRED TO BE PAID TO THE UNITED STATES TREASURY FOR TAX-EXEMPT BOND REBATE OBLIGATIONS, ALL REMAINING FUNDS OF THE CORPO- RATION NOT NEEDED IN THE DETERMINATION OF THE BOARD OF THE CORPORATION FOR OPERATING EXPENSES OF THE CORPORATION, ARE HEREBY AUTHORIZED AND DIRECTED TO BE PAID DIRECTLY TO THE CITY OF TROY. THE DETERMINATION OF THE BOARD OF THE CORPORATION OF THE AMOUNT OF SUCH FUNDS AVAILABLE TO BE PAID TO THE CITY OF TROY SHALL BE FINAL AND CONCLUSIVE. IN ADDITION, UPON PAYMENT OF ALL OUTSTANDING OBLIGATIONS OF THE CORPORATION, INCLUD- ING AFTER COMPLETION OF AUDITED FINANCIAL STATEMENTS OF THE CORPORATION FOR THE TWO THOUSAND TWENTY-ONE FISCAL YEAR, AS WELL AS ANY SHORTENED AUDIT FOR ANY PORTION OF THE TWO THOUSAND TWENTY-TWO FISCAL YEAR WHICH MAY BE DETERMINED BY THE BOARD OF THE CORPORATION TO BE IN THE PUBLIC INTEREST, THE EXISTENCE OF THE CORPORATION MAY BE TERMINATED BY RESOL- UTION OF THE BOARD OF THE CORPORATION AT ANY TIME, BUT IN NO EVENT LATER THAN ONE YEAR AFTER ALL ITS LIABILITIES HAVE BEEN PAID. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10957-01-1
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