Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 10, 2010 |
referred to corporations, authorities and commissions |
Senate Bill S7073
2009-2010 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee
- 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
Actions
2009-S7073 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10099
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Rpld ยง2975-a, Pub Auth L
- Versions Introduced in 2011-2012 Legislative Session:
-
S2682, A1358
2009-S7073 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7073 TITLE OF BILL : An act to repeal section 2975-a of the public authorities law, relating to the assessment and reimbursement of state expenditures PURPOSE OR GENERAL IDEA OF BILL : An act to repeal part UU of Chapter 59 of the Laws of 2009; relating to the cost recovery assessment placed on IDAs. The 2009-2010 State Budget contained a maximum $5 million statewide "cost recovery" assessment on IDAs to be calculated by multiplying the gross revenues of each IDA for 2008 by 4.7 percent. SUMMARY OF SPECIFIC PROVISIONS : This legislation will repeal certain provisions relating to the assessment and reimbursement of state expenditures and requires reimbursement of monies previously paid. All monies paid by or on behalf of any industrial agency or authority as of the effective date of this act to reimburse to New York state an allocable share of state governmental costs attributable to the provision of services to industrial development agencies as determined in section 2975-a of the public authorities law shall be reimbursed to the paying entity within ninety days of the effective date of this act. JUSTIFICATION :
2009-S7073 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7073 I N S E N A T E March 10, 2010 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Author- ities and Commissions AN ACT to repeal section 2975-a of the public authorities law, relating to the assessment and reimbursement of state expenditures THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2975-a of the public authorities law is REPEALED. S 2. All monies paid by or on behalf of any industrial development agency or authority as of the effective date of this act to reimburse to New York state an allocable share of state governmental costs attribut- able to the provision of services to industrial development agencies as determined in section 2975-a of the public authorities law shall be reimbursed to the paying entity within ninety days of the effective date of this act. S 3. This act shall take effect immediately and shall be deemed to have been in full force and effect on and after April 1, 2009. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16169-02-0
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