S T A T E O F N E W Y O R K
________________________________________________________________________
4333
2025-2026 Regular Sessions
I N S E N A T E
February 4, 2025
___________
Introduced by Sens. COMRIE, HOYLMAN-SIGAL, MYRIE -- 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.
LBD05586-01-5