Assembly Bill A7427

Signed By Governor
2023-2024 Legislative Session

Extends provisions relating to the New York state medical care facilities finance agency act

download bill text pdf

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Current 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

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2023-A7427 (ACTIVE) - Details

See Senate Version of this Bill:
S7489
Law Section:
Public Health
Laws Affected:
Amd §3, Chap 303 of 1999

2023-A7427 (ACTIVE) - Summary

Extends provisions relating to the New York state medical care facilities finance agency act.

2023-A7427 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7427
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2023
                                ___________
 
 Introduced  by M. of A. JACKSON -- read once and referred to the Commit-
   tee on Health
 
 AN ACT to amend chapter 303 of the laws of 1999, amending the  New  York
   state medical care facilities finance agency act relating to financing
   health facilities, 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  3 of chapter 303 of the laws of 1999, amending the
 New York state medical  care  facilities  finance  agency  act  relating
 to financing health facilities, as amended by section 4  of  part  E  of
 chapter 57 of the laws of 2019, is amended to read as follows:
   §  3.  This act shall take effect immediately, provided, however, that
 subdivision 15-a of section 5 of section 1 of chapter 392 of the laws of
 1973, as added by section one of this act, shall expire  and  be  deemed
 repealed  June  30, [2023] 2027; and provided further, however, that the
 expiration and repeal of such  subdivision  15-a  shall  not  affect  or
 impair in any manner any health facilities bonds issued, or any lease or
 purchase  of  a  health  facility executed, pursuant to such subdivision
 15-a prior to its expiration and repeal and that, with  respect  to  any
 such  bonds  issued  and  outstanding  as  of  June 30, [2023] 2027, the
 provisions of such subdivision 15-a as they existed immediately prior to
 such expiration and repeal shall continue to apply  through  the  latest
 maturity  date of any such bonds, or their earlier retirement or redemp-
 tion, for the sole purpose of  authorizing  the  issuance  of  refunding
 bonds to refund bonds previously issued pursuant thereto.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11496-01-3

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