Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to local government |
May 03, 2011 |
referred to local government |
Senate Bill S5179
2011-2012 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
2011-S5179 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6554
- Current Committee:
- Senate Local Government
- Law Section:
- Local Finance
- Laws Affected:
- Amd ยง3, Chap 626 of 1996
2011-S5179 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5179 TITLE OF BILL: An act to amend chapter 626 of the laws of 1996, amending the local finance law relating to the issuance of land installment purchase obligations, in relation to making permanent the effectiveness of the provisions of such chapter PURPOSE: Making permanent the effectiveness of chapter 626 of the laws of 1996. SUMMARY OF PROVISIONS: Section 1. Section 3 of chapter 626 of the laws of 1996, as amended by chapter 456 of the laws of 2000 is amended by removing the repealed date, JUSTIFICATION: This bill would extend this section of law, Chapter 626 of the laws of 1996, permanently. Extending this law is imperative so that a municipality may continue to issue land installment purchase obligations for the purpose of financing the acquisition of interests or rights in real property. Smart growth and land preservation are just a couple very important programs/planning approaches that are aided by this law.
2011-S5179 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5179 2011-2012 Regular Sessions I N S E N A T E May 3, 2011 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend chapter 626 of the laws of 1996, amending the local finance law relating to the issuance of land installment purchase obligations, in relation to making permanent the effectiveness of the provisions of such chapter THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 3 of chapter 626 of the laws of 1996, amending the local finance law relating to the issuance of land installment purchase obligations, as amended by chapter 456 of the laws of 2000, is amended to read as follows: S 3. This act shall take effect immediately [and shall expire on July 31, 2011 when upon such date the provisions of this act shall be deemed repealed]. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10202-01-1
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.