Prohibits the imposition and collection of a fare, toll, rental, rate, charge or other fee on the Cross Bay Veterans Memorial Bridge or on any other bridge located entirely within one county of the state as security for bonds and notes issued by the Triborough bridge and tunnel authority or by the metropolitan commuter transportation authority.
STATE OF NEW YORK
________________________________________________________________________
6760
IN SENATE
February 17, 2016
___________
Introduced by Sen. SANDERS -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT in relation to prohibiting the imposition and collection of a
fare, toll, rental, rate, charge or other fee on the Cross Bay Veter-
ans Memorial Bridge or on any other bridge located entirely within one
county of the state as security for bonds and notes issued by the
Triborough bridge and tunnel authority or by the metropolitan commuter
transportation authority
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Notwithstanding any provision of law to the contrary, no
2 resolution authorizing any bonds or notes, or the issue of any bonds or
3 notes or other instrument, including bond covenants or series, by which
4 a pledge of the Triborough bridge and tunnel authority or by the metro-
5 politan commuter transportation authority to any bondholder or notehold-
6 er is created shall contain a provision requiring a fare, toll, rental,
7 rate, charge or other fee on the Cross Bay Veterans Memorial Bridge or
8 on any other bridge located entirely within one county of the state. Any
9 fare, toll, rental, rate, charge or other fee on the Cross Bay Veterans
10 Memorial Bridge or on any other bridge located entirely within one coun-
11 ty of the state shall cease to be levied and collected as of the effec-
12 tive date of this act.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06363-01-5
