A05660 Summary:

BILL NOA05660
 
SAME ASNo Same As
 
SPONSORCurran
 
COSPNSRFinch
 
MLTSPNSRFriend
 
Amd §51, Pub Auth L
 
Requires the approval of the state comptroller on every application submitted to the public authorities control board.
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A05660 Actions:

BILL NOA05660
 
02/14/2017referred to corporations, authorities and commissions
01/03/2018referred to corporations, authorities and commissions
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A05660 Committee Votes:

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A05660 Floor Votes:

There are no votes for this bill in this legislative session.
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A05660 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5660
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 14, 2017
                                       ___________
 
        Introduced  by  M.  of A. CURRAN, FINCH -- read once and referred to the
          Committee on Corporations, Authorities and Commissions
 
        AN ACT to amend the public authorities law, in relation to requiring the
          approval of the state comptroller on every  application  submitted  to
          the public authorities control board

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision 2 of section 51 of the public authorities  law,
     2  as  added  by  chapter  838  of  the laws of 1983, is amended to read as
     3  follows:
     4    2. The board may require as part of such application such  information
     5  as  it  deems  necessary  and  shall  act upon such application within a
     6  reasonable time. The board shall furnish the state  comptroller  with  a
     7  copy of each such application within three days following receipt there-
     8  of by the board. The board shall not approve any such application [prior
     9  to  the  earlier  of  (a)  seven days following the receipt by the state
    10  comptroller of such application or (b) the receipt by the board  of  the
    11  state  comptroller's  comments  on  the application or his consent to an
    12  earlier determination by the board] until the receipt by  the  board  of
    13  the  state  comptroller's approval on the application in regards to both
    14  compliance with regulations and bond market assessment.    Reference  to
    15  the  state  comptroller in this subdivision shall include any authorized
    16  representative of the state comptroller.
    17    § 2. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08521-01-7
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