assembly Bill A7086

Signed By Governor
2021-2022 Legislative Session

Updates certain references with respect to the Troy Industrial Development Authority and makes technical changes

download bill text pdf

Sponsored By

Current Bill Status Via S7082 - Signed by Governor


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

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 03, 2021 signed chap.579
Oct 22, 2021 delivered to governor
Jun 10, 2021 returned to senate
passed assembly
ordered to third reading rules cal.767
substituted for a7086
Jun 10, 2021 substituted by s7082
rules report cal.767
reported
reported referred to rules
Jun 08, 2021 reference changed to ways and means
Apr 21, 2021 referred to local governments

A7086 (ACTIVE) - Details

See Senate Version of this Bill:
S7082
Law Section:
Public Authorities Law
Laws Affected:
Amd §§1951, 1952, 1953, 1955, 1956, 1957, 1958 & 1967, Pub Auth L

A7086 (ACTIVE) - Summary

Updates certain references with respect to the Troy Industrial Development Authority; eliminates an automatic corporate termination clause when all bonds have been repaid; allows the Troy Industrial Development Authority to deposit and manage its own funds and accounts; adds certain retail restrictions (view more) makes certain technical corrections.

A7086 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7086
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 21, 2021
                                ___________
 
 Introduced by M. of A. McDONALD -- read once and referred to the Commit-
   tee on Local Governments
 
 AN  ACT  to  amend  the  public authorities law, in relation to updating
   certain references with respect to  the  Troy  Industrial  Development
   Authority,  eliminating an automatic corporate termination clause when
   all bonds have been repaid, allowing the Troy  Industrial  Development
   Authority  to  deposit  and  manage its own funds and accounts, adding
   certain retail restrictions and making certain technical corrections
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  1  of section 1951 of the public authorities
 law, as added by chapter 759 of the laws of 1967, is amended to read  as
 follows:
   1.  The  term  "authority"  shall mean the Troy Industrial Development
 Authority, the corporation created by  section  nineteen  hundred  [two]
 FIFTY-TWO of this title;
   § 2. Section 1952 of the public authorities law, as separately amended
 by  chapters  195  and  357  of  the laws of 1993, is amended to read as
 follows:
   § 1952. Troy industrial development authority. A board to be known  as
 the  "Troy  industrial  development  authority"  is hereby created. Such
 board shall be a body corporate and politic, constituting a public bene-
 fit corporation and its existence shall commence upon the appointment of
 the members as herein provided. Its members shall consist of  a  [chair-
 man]  CHAIR  and  eight other members, all of whom shall be appointed by
 the [city manager] MAYOR of the city for a  term  of  three  years,  and
 shall  include two members of the common council of the city, one repre-
 sentative of the city school board, and one representative from each  of
 the  fields  of  business,  industry and labor. Every appointment to the
 board shall be subject to confirmation by  the  common  council  of  the
 city. The [chairman] CHAIR and each member shall continue to serve until
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.