Bill Text: NY A07825 | 2017-2018 | General Assembly | Introduced
Bill Title: Authorizes the state to forgive outstanding loan debt from the Oswego port authority.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-06-14 - held for consideration in ways and means [A07825 Detail]
Download: New_York-2017-A07825-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7825 2017-2018 Regular Sessions IN ASSEMBLY May 16, 2017 ___________ Introduced by M. of A. BARCLAY -- read once and referred to the Commit- tee on Ways and Means AN ACT authorizing the forgiveness of loans received by the Oswego Port Authority The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any inconsistent general, special or local 2 law to the contrary, New York State through the division of the budget 3 is hereby authorized to forgive outstanding amounts on all loans made to 4 the Oswego Port Authority between the years of 1958 and 1981. The total 5 amount of outstanding debt owed to the state to be forgiven pursuant to 6 this act is $3,755,926. Any agreements entered into between the Port 7 Authority and New York State to repay such obligations shall be 8 canceled. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD08214-01-7