Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 23, 2016 |
held for consideration in local governments |
Jan 06, 2016 |
referred to local governments |
Jan 22, 2015 |
referred to local governments |
Assembly Bill A3131
2015-2016 Legislative Session
Sponsored By
CORWIN
Archive: Last Bill Status - In Assembly 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
co-Sponsors
Andrew Raia
2015-A3131 (ACTIVE) - Details
2015-A3131 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3131 2015-2016 Regular Sessions I N A S S E M B L Y January 22, 2015 ___________ Introduced by M. of A. CORWIN -- read once and referred to the Committee on Local Governments AN ACT to amend the general municipal law, in relation to termination of a development agency THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 882 of the general municipal law, as amended by chapter 373 of the laws of 2012, is amended to read as follows: S 882. Termination of the agency. Whenever all of the bonds or notes issued by the agency shall have been redeemed or cancelled, and all straight-lease transactions have been terminated AND UPON RESOLUTION BY THE MUNICIPALITY FOR WHOSE BENEFIT THE AGENCY WAS FORMED, the agency shall cease to exist and all rights, titles, and interest and all obli- gations and liabilities thereof vested in or possessed by the agency shall thereupon vest in and be possessed by the municipality. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04583-01-5
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