STATE OF NEW YORK
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8036
2019-2020 Regular Sessions
IN ASSEMBLY
May 31, 2019
___________
Introduced by M. of A. CUSICK, FALL, MALLIOTAKIS -- read once and
referred to the Committee on Corporations, Authorities and Commissions
AN ACT to amend the public authorities law, in relation to exempting
certain public authorities from bond issuance charges
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 4 of section 2976 of the public authorities
2 law, as added by section 12 of part E of chapter 494 of the laws of
3 2009, is amended to read as follows:
4 4. The provisions of subdivisions one and two of this section shall
5 not apply to bonds, notes or other obligations issued by the metropol-
6 itan transportation authority, and the New York city transit authority,
7 the Triborough bridge and tunnel authority, and to recovery act bonds
8 issued by the state of New York municipal bond bank agency in connection
9 with local American Recovery and Reinvestment Act pursuant to section
10 two thousand four hundred thirty-six-b of this chapter.
11 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05639-01-9
