Bill Text: NY A07061 | 2011-2012 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Extends provisions relating to the issuance of land installment purchase obligations.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-06-16 - substituted by s4546a [A07061 Detail]

Download: New_York-2011-A07061-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 4546                                                  A. 7061
                              2011-2012 Regular Sessions
                             S E N A T E - A S S E M B L Y
                                    April 11, 2011
                                      ___________
       IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
         ed, and when printed to be committed to the Committee on Local Govern-
         ment
       IN  ASSEMBLY  -- Introduced by M. of A. THIELE -- read once and referred
         to the Committee on Local Governments
       AN ACT to amend chapter 626 of the laws  of  1996,  amending  the  local
         finance  law,  relating  to  the issuance of land installment purchase
         obligations, in relation to making such provisions permanent
         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 626 of the laws of 1996, amending the
    2  local finance law, relating to the issuance of land installment purchase
    3  obligations, as amended by chapter 456 of the laws of 2000,  is  amended
    4  to read as follows:
    5    S  3. This act shall take effect immediately [and shall expire on July
    6  31, 2011 when upon such date the provisions of this act shall be  deemed
    7  repealed].
    8    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10661-01-1