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Assembly Bill A5913

2023-2024 Legislative Session

Extends the authority of NYSARC, Inc., to maintain bonds

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Archive: Last Bill Status - In Assembly Committee

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2023-A5913 (ACTIVE) - Details

See other versions of this Bill:
A6547 ,
S5287 ,
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities
Laws Affected:
Amd §5, Chap 373 of 1998

2023-A5913 (ACTIVE) - Summary

Extends the authority of NYSARC, Inc., to maintain bonds until 2028.

2023-A5913 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5913
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 24, 2023
                                ___________
 
 Introduced  by  M.  of  A.  SEAWRIGHT  --  read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend chapter 373 of the laws of  1998,  amending  the  public
   authorities law relating to the powers of NYSARC, Inc., in relation to
   the effectiveness thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 5 of chapter 373 of the laws of 1998, amending  the
 public  authorities  law  relating  to  the  powers  of NYSARC, Inc., as
 amended by chapter 444 of the laws  of  2018,  is  amended  to  read  as
 follows:
   §  5.  This  act shall take effect immediately and shall expire and be
 deemed repealed on December 31, [2023] 2028.
   § 2. Any contracts entered into by the dormitory authority pursuant to
 this act shall be deemed state contracts within the meaning of that term
 as set forth in article 15-A of the executive  law,  and  the  authority
 shall  be  deemed, for the purposes of this act, a contracting agency as
 that term is used in such article.
   § 3. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09913-01-3

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