Extends, until September 30, 2014, the authority of the New York state environmental facilities corporation to expand its direct investment authority of Clean Water State Revolving Fund ("CWSRF") monies to include any security obligation available to municipalities under the General Municipal Law.
STATE OF NEW YORK
________________________________________________________________________
7151
2011-2012 Regular Sessions
IN ASSEMBLY
April 13, 2011
___________
Introduced by M. of A. O'DONNELL, SWEENEY -- (at request of the Environ-
mental Facilities Corporation) -- read once and referred to the
Committee on Environmental Conservation
AN ACT to amend chapter 307 of the laws of 2005, amending the public
authorities law relating to the special powers of the New York state
environmental facilities corporation, in relation to extending the
effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 3 of chapter 307 of the laws of 2005, amending the
2 public authorities law relating to the special powers of the New York
3 state environmental facilities corporation, as amended by chapter 214 of
4 the laws of 2008, is amended to read as follows:
5 § 3. This act shall take effect immediately and shall expire and be
6 deemed repealed September 30, [2011] 2014.
7 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09220-01-1