Bill Text: NY S00517 | 2009-2010 | General Assembly | Introduced
Bill Title: Adjusts the allocation of Triborough bridge and tunnel authority surpluses to more fairly reflect the source of such surpluses and distribution of MTA riders; increases from twenty-four million dollars and fifty percentum to eighty percentum of the balance of such operating surplus.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2010-01-06 - REFERRED TO TRANSPORTATION [S00517 Detail]
Download: New_York-2009-S00517-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
517
2009-2010 Regular Sessions
I N S E N A T E
(PREFILED)
January 7, 2009
___________
Introduced by Sen. LANZA -- read twice and ordered printed, and when
printed to be committed to the Committee on Transportation
AN ACT to amend the public authorities law, in relation to increasing
the amount of surplus to be transferred by the triborough bridge and
tunnel authority to the New York city transit authority
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Clause (i) of paragraph (b) of subdivision 2 of section
2 1219-a of the public authorities law, as amended by section 19 of part O
3 of chapter 61 of the laws of 2000, is amended to read as follows:
4 (i) [twenty-four million dollars plus fifty percentum] EIGHTY PER
5 CENTUM of the balance of such operating surplus shall be allocable to
6 the authority, and
7 S 2. This act shall take effect on the first of September next
8 succeeding the date on which it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01505-01-9
