Bill Text: NY S02952 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 2952 (Prior Session Legislation)

Introduced

Bill Title: Relates to exempting the Rochester-Genesee Regional Transportation Authority from bond issuance charges.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S02952 Detail]

Download: New_York-2019-S02952-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          2952
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 31, 2019
                                       ___________
        Introduced  by  Sens. RANZENHOFER, FUNKE, GALLIVAN, ROBACH -- 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 exempting the
          Rochester-Genesee regional transportation authority 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.  Legislative  intent.  Over  the past several years, while
     2  support of mass transit in the greater New York City  metropolitan  area
     3  has  expanded, state support for regional transit in the greater Roches-
     4  ter Genesee area has not seen similar support. This lack of support  has
     5  adversely  impacted mass transit riders in the greater Rochester Genesee
     6  region serviced by the Rochester-Genesee regional transportation author-
     7  ity (RGRTA). It is the intent of the legislature that the RGRTA use  the
     8  savings  that accrue from this act for maintenance and operations and to
     9  ensure that mass transit riders do not face any further service cuts.
    10    § 2. Subdivision 4 of section 2976 of the public authorities  law,  as
    11  added  by  section  12  of part E of chapter 494 of the laws of 2009, is
    12  amended to read as follows:
    13    4. The provisions of subdivisions one and two of  this  section  shall
    14  not  apply to bonds issued by the Rochester-Genesee regional transporta-
    15  tion authority and to recovery act bonds issued by the state of New York
    16  municipal bond bank agency in connection with  local  American  Recovery
    17  and Reinvestment Act pursuant to section two thousand four hundred thir-
    18  ty-six-b of this chapter.
    19    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01619-01-9