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Senate Bill S2872

2023-2024 Legislative Session

Relates to exempting the metropolitan transportation authority from bond issuance charges

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Archive: Last Bill Status - In Assembly Committee

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2023-S2872 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §2976, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6432
2013-2014: S3633
2015-2016: S691
2017-2018: S229
2019-2020: S2786
2021-2022: S5845
2025-2026: S4333

2023-S2872 (ACTIVE) - Summary

Exempts the metropolitan transportation authority from bond issuance charges otherwise required to be paid to the state.

2023-S2872 (ACTIVE) - Sponsor Memo

2023-S2872 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2872
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 25, 2023
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 AN  ACT  to  amend  the public authorities law, in relation to exempting
   certain public authorities from bond issuance charges

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  4  of section 2976 of the public authorities
 law, as added by section 12 of part E of chapter  494  of  the  laws  of
 2009, is amended to read as follows:
   4.  The  provisions  of subdivisions one and two of this section shall
 not apply TO BONDS, NOTES OR OTHER OBLIGATIONS ISSUED BY  THE  METROPOL-
 ITAN  TRANSPORTATION AUTHORITY, AND THE NEW YORK CITY TRANSIT AUTHORITY,
 THE TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY, AND to  recovery  act  bonds
 issued by the state of New York municipal bond bank agency in connection
 with  local  American  Recovery and Reinvestment Act pursuant to section
 two thousand four hundred thirty-six-b of this chapter.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04671-01-3

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