S T A T E O F N E W Y O R K
________________________________________________________________________
S. 7606 A. 10848
S E N A T E - A S S E M B L Y
April 26, 2010
___________
IN SENATE -- Introduced by COMMITTEE ON RULES -- (at request of the
Governor) -- read twice and ordered printed, and when printed to be
committed to the Committee on Finance
IN ASSEMBLY -- Introduced by COMMITTEE ON RULES -- (at request of the
Governor) -- read once and referred to the Committee on Ways and Means
AN ACT to amend part RR of chapter 57 of the laws of 2008 providing for
the administration of certain funds and accounts related to the 2008-
2009 budget, in relation to effectiveness of certain provisions there-
of; and to amend the public authorities law, in relation to voting of
directors of the local government assistance corporation, and provid-
ing for the repeal of certain provisions upon expiration thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 51 of part RR of chapter 57 of the laws of 2008
providing for the administration of certain funds and accounts related
to the 2008-2009 budget, as amended by section 13-a of part PP of chap-
ter 56 of the laws of 2009, is amended to read as follows:
S 51. This act shall take effect immediately and shall be deemed to
have been in full force and effect on and after April 1, 2008; provided,
however, that the amendments to subdivision 6 of section 4 and subdivi-
sion 4 of section 40 of the state finance law made by sections fifteen
and sixteen of this act shall expire on the same date such subdivisions
expire; and provided, further, however, that section thirty-four of this
act shall take effect on the same date as the reversion of section 69-c
of the state finance law as provided in section 58 of part T of chapter
57 of the laws of 2007, as amended; provided, further that such amend-
ments shall expire and be deemed repealed March 31, [2010] 2011; and
provided, further, however, that sections one, three, four, and eighteen
through twenty-seven of this act shall expire March 31, 2009 when upon
such date the provisions of such sections shall be deemed repealed; and
provided further that section fourteen of this act shall expire March
31, [2010] 2011 when upon such date the provisions of such section shall
be deemed repealed.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD12215-03-0
S. 7606 2 A. 10848
S 2. Subdivision 5 of section 3234 of the public authorities law, as
amended by section 54 of part K of chapter 81 of the laws of 2002, is
amended to read as follows:
5. A majority of the whole number of directors then in office shall
constitute a quorum for the transaction of any business or the exercise
of any power of the corporation. Except as otherwise specified in this
title, for the transaction of any business or the exercise of any power
of the corporation, the corporation shall have power to act by a majori-
ty of the directors present at any meeting at which a quorum is in
attendance; provided that one or more directors may participate in a
meeting by means of conference telephone or similar communications
equipment allowing all directors participating in the meeting to hear
each other at the same time and participation by such means shall
constitute presence in person at a meeting. A unanimous vote of all
directors THEN IN OFFICE shall be required for approval of a resolution
authorizing the issuance of bonds or notes or any supplemental or amen-
datory resolution. The corporation may delegate to one or more of its
directors, or officers, agents and employees, such powers and duties as
the directors may deem proper. Five days notice shall be given to each
director and nonvoting representative prior to any meeting of the corpo-
ration.
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, 2010, provided,
however, that section two of this act shall expire March 31, 2011, when,
upon such date, the provisions of such section shall be deemed repealed.