New York State Assembly

 
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A03370 Summary:

A03370 Actions:

A03370 Committee Votes:

Committee:CORPORATIONS, AUTHORITIES AND COMMISSIONS   Chair:Paulin      
DATE:05/25/2021AYE/NAY:26/0  Action: Favorable refer to committee Ways and Means        
Paulin
Aye
Lemondes
Aye
Cook
Aye
Blankenbush
Aye
Galef
Aye
Friend
Aye
Rodriguez
Aye
Lalor
Aye
Quart
Aye
Palmesano
Aye
Otis
Aye
Angelino
Aye
Rozic
Aye
Jensen
Aye
Kim
Aye
Seawright
Aye
Dilan
Aye
Richardson
Aye
De La Rosa
Aye
Pheffer Amato
Aye
Vanel
Aye
Carroll
Aye
Niou
Aye
Fall
Aye
Jean-Pierre
Aye
Gonzalez-Rojas
Aye

Committee:WAYS AND MEANS   Chair:Weinstein      
DATE:06/09/2021AYE/NAY:31/2  Action: Favorable refer to committee Rules        
Weinstein
Aye
Ra
Aye
Glick
Nay
Fitzpatrick
Aye
Nolan
Excused
Hawley
Aye
Pretlow
Aye
Montesano
Aye
Perry
Aye
Blankenbush
Aye
Colton
Excused
Norris
Aye
Cook
Aye
Brabenec
Aye
Cahill
Aye
Palmesano
Aye
Aubry
Aye
Byrne
Nay
Cusick
Aye
Ashby
Aye
Benedetto
Aye
Weprin
Aye
Rodriguez
Aye
Ramos
Aye
Braunstein
Aye
McDonald
Aye
Rozic
Aye
Dinowitz
Aye
Joyner
Aye
Magnarelli
Aye
Zebrowski
Aye
Bronson
Aye
Dilan
Aye
Seawright
Aye
Hyndman
Aye

Committee:RULES   Chair:Gottfried      
DATE:06/10/2021AYE/NAY:29/0  Action: Favorable         
Heastie
Excused
Barclay
Aye
Gottfried
Aye
Hawley
Aye
Nolan
Excused
Giglio
Aye
Weinstein
Aye
Blankenbush
Aye
Pretlow
Aye
Norris
Aye
Cook
Aye
Montesano
Aye
Glick
Aye
Ra
Aye
Aubry
Aye
Brabenec
Aye
Englebright
Aye
Dinowitz
Aye
Colton
Aye
Magnarelli
Aye
Perry
Aye
Paulin
Aye
Peoples-Stokes
Aye
Benedetto
Aye
Lavine
Aye
Lupardo
Aye
Zebrowski
Aye
Thiele
Aye
Braunstein
Aye
Dickens
Aye
Davila
Aye

A03370 Floor Votes:

A03370 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         3370--B
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 26, 2021
                                       ___________
 
        Introduced  by  M. of A. McDONALD, FAHY -- read once and referred to the
          Committee on Corporations, Authorities and  Commissions  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to  said  committee  -- reported and referred to the Committee on Ways
          and Means -- committee discharged, bill amended, ordered reprinted  as
          amended and recommitted to said committee
 
        AN  ACT  to  amend the public authorities law, in relation to facilities
          utilized by the Albany parking authority and increasing the amount  of
          bonds of the Albany parking authority authorized to be outstanding
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision 6 of section 1493-b of the  public  authorities
     2  law,  as added by chapter 874 of the laws of 1982, is amended to read as
     3  follows:
     4    6. The term "project" shall mean any area or place operated or  to  be
     5  operated  by the authority for the parking or storing of motor and other
     6  vehicles or any area or place which use is supported by the  authority's
     7  parking  or  storing  of  such  vehicles and shall, without limiting the
     8  foregoing, include all real and  personal  property,  driveways,  roads,
     9  approaches, structures, terminals of all kinds, garages, meters, mechan-
    10  ical  equipment, and all appurtenances and facilities [either] proximate
    11  to, on, above or under the ground which are used or usable in connection
    12  with such parking or storing of such vehicles in the area of the city or
    13  which facilitates increased supply or demand for parking;
    14    § 2. Subdivision 1 of section 1493-i of the public authorities law, as
    15  added by chapter 874 of the laws of 1982, is amended to read as follows:
    16    1. The authority shall have the power and is  hereby  authorized  from
    17  time  to time to issue its negotiable bonds for any purpose mentioned in
    18  section fourteen hundred ninety-three-d hereof, including  the  acquisi-
    19  tion, construction, reconstruction and repair of personal and real prop-
    20  erty  of  all  kinds deemed by the board to be necessary or desirable to
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01950-04-1
        A. 3370--B                          2
 
     1  carry out such purpose, as well as to pay such expenses as may be deemed
     2  by the board necessary or desirable to the financing thereof and placing
     3  the project or projects in operation in the aggregate  principal  amount
     4  of not exceeding [fifty] seventy-five million dollars outstanding at any
     5  one  time. The authority shall have power from time to time and whenever
     6  it deems refunding expedient, to refund any bonds by the issuance of new
     7  bonds, whether the bonds to be refunded have or have  not  matured,  and
     8  may  issue  bonds partly to refund bonds then outstanding and partly for
     9  any other purpose hereinabove described.  The  refunding  bonds  may  be
    10  exchanged  for  the  bonds to be refunded, with such cash adjustments as
    11  may be agreed, or may be sold and the proceeds applied to  the  purchase
    12  or payment of the bonds to be refunded. In computing the total amount of
    13  bonds  of  the authority which may at any time be outstanding the amount
    14  of the outstanding bonds to be refunded from the proceeds of the sale of
    15  new bonds or by exchange for new bonds shall be excluded. Except as  may
    16  otherwise  be  expressly  provided  by the authority, the bonds of every
    17  issue shall be general obligations of the authority payable out  of  any
    18  moneys or revenues of the authority, subject only to any agreements with
    19  the holders of particular bonds pledging any particular moneys or reven-
    20  ues.  Notwithstanding  the  fact  that  the  bonds may be payable from a
    21  special fund, if they are otherwise of such form and character as to  be
    22  negotiable  instruments  under  article  eight of the uniform commercial
    23  code the bonds shall be and are hereby made negotiable instruments with-
    24  in the meaning of and for all the  purposes  of  article  eight  of  the
    25  uniform commercial code, subject only to the provisions of the bonds for
    26  registration.
    27    § 3. This act shall take effect immediately.