STATE OF NEW YORK
________________________________________________________________________
5219
2011-2012 Regular Sessions
IN SENATE
May 3, 2011
___________
Introduced by Sen. LAVALLE -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the public authorities law, in relation to authorizing
the Power Authority of the state of New York to acquire the Long
Island power authority as a subsidiary of such authority
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The public authorities law is amended by adding a new
2 section 1018 to read as follows:
3 § 1018. Long Island power authority; subsidiary. The authority is
4 hereby authorized, within one hundred twenty days of the effective date
5 of this section, to acquire the Long Island power authority as a subsid-
6 iary of the authority. The authority shall have the right to exercise
7 and perform all or part of the Long Island power authority's powers and
8 functions through its directors by resolution of the board directing any
9 of its trustees, officers or employees to acquire the Long Island power
10 authority. Such resolution shall prescribe the purpose for which the
11 Long Island power authority is to be acquired.
12 § 2. The Long Island power authority, as constituted by title 1-a of
13 article 5 of the public authorities law is hereby authorized to transfer
14 such entity to the Power Authority of the State of New York, as consti-
15 tuted by title 1 of article 5 of the public authorities law.
16 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11252-02-1
