Bill Text: NY S04798 | 2017-2018 | General Assembly | Introduced

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Bill Title: Continues the existence of the Groton industrial development agency.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-05-01 - RECOMMIT, ENACTING CLAUSE STRICKEN [S04798 Detail]

Download: New_York-2017-S04798-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4798
                               2017-2018 Regular Sessions
                    IN SENATE
                                      March 1, 2017
                                       ___________
        Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
        AN ACT to continue the existence of the  village  of  Groton  industrial
          development agency
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Notwithstanding the provisions of paragraph (b) of subdivi-
     2  sion 1 of section  856  of  the  general  municipal  law  or  any  other
     3  provision  of  law  to  the  contrary,  the village of Groton industrial
     4  development agency, as created by section 926-i of the general municipal
     5  law, shall continue in existence, regardless of whether such  industrial
     6  development  agency  has  any  outstanding bonds or other obligations 10
     7  years after coming into existence or thereafter.
     8    § 2. This act shall take effect immediately and  shall  be  deemed  to
     9  have been in full force and effect on and after July 20, 2003.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08284-01-7