Assembly Bill A6796

2021-2022 Legislative Session

Relates to exempting the metropolitan transportation authority from bond issuance charges

download bill text pdf

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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

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2021-A6796 (ACTIVE) - Details

See Senate Version of this Bill:
S5845
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §2976, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9280, S6432
2013-2014: A1825, S3633
2015-2016: A502, S691
2017-2018: A1007, S229
2019-2020: A8036, S2786
2023-2024: S2872

2021-A6796 (ACTIVE) - Summary

Exempts the metropolitan transportation authority from bond issuance charges otherwise required to be paid to the state.

2021-A6796 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6796
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 8, 2021
                                ___________
 
 Introduced  by  M.  of  A. CUSICK, FALL -- read once and referred 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.
                                                            LBD01888-01-1

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