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S07490 Summary:

BILL NOS07490
 
SAME ASSAME AS A11281
 
SPONSORRHOADS
 
COSPNSR
 
MLTSPNSR
 
Amd §239-bb, Gen Muni L; ren Art 5 Title 5-A §§1114-a - 1114-s to be Title 5-B §§1114-aa - 1114-ss, amd §§1114-bb & 1114-gg, Pub Auth L
 
Authorizes the South Nassau Water Authority and the North Shore Water Authority to remain eligible for funding in state fiscal year two thousand twenty-six--two thousand twenty-seven.
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S07490 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7490
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                     April 17, 2025
                                       ___________
 
        Introduced  by  Sen.  RHOADS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
 
        AN ACT to amend the general municipal law  and  the  public  authorities
          law, in relation to county-wide shared services panels
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 239-bb of the general municipal law is  amended  by
     2  adding a new subdivision 9 to read as follows:
     3    9.  Notwithstanding  any  other  provision of law to the contrary, the
     4  South Nassau Water Authority created pursuant to title  five-B  and  the
     5  North  Shore Water Authority created pursuant to title five-A of article
     6  five of the public authorities law shall  remain  eligible  for  funding
     7  from  the  clean water, clean air, and green jobs environmental bond act
     8  fund pursuant to section ninety-seven-tttt of the state finance  law  in
     9  state fiscal year two thousand twenty-six--two thousand twenty-seven.
    10    § 2. Title 5-A of article 5 of the public authorities law, as added by
    11  chapter  575  of  the laws of 2021, is renumbered title 5-B and sections
    12  1114-a through 1114-s, as added by chapter 575 of the laws of 2021,  are
    13  renumbered sections 1114-aa through 1114-ss.
    14    §  3.  Subdivisions 1 and 12 of section 1114-bb of the public authori-
    15  ties law, as added by chapter 575 of the laws of 2021 and  such  section
    16  as  renumbered  by  section  two  of  this  act,  are amended to read as
    17  follows:
    18    1. "Authority" shall mean the corporation created  by  section  eleven
    19  hundred [fourteen-d] fourteen-dd of this title.
    20    12.  "District"  shall  mean the water authority of South Nassau water
    21  district created by section eleven hundred [fourteen-c]  fourteen-cc  of
    22  this title.
    23    §  4.  Paragraph (j) of subdivision 4 of section 1114-gg of the public
    24  authorities law, as added by chapter 575 of the laws of  2021  and  such
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00460-01-5

        S. 7490                             2
 
     1  section  as renumbered by section two of this act, is amended to read as
     2  follows:
     3    (j)  vesting  in a trustee or trustees such properties, rights, powers
     4  and duties in trust as the authority may determine,  which  may  include
     5  any  or all of the rights, powers and duties of the trustee appointed by
     6  the bondholders pursuant to section eleven  hundred  [fourteen-h]  four-
     7  teen-hh of this title and limiting or abrogating the rights of the bond-
     8  holders  to appoint a trustee under such section or limiting the rights,
     9  duties and powers of such trustee;
    10    § 5. This act shall take effect immediately.
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