Bill Text: NY S05287 | 2023-2024 | General Assembly | Introduced
Bill Title: Extends the authority of NYSARC, Inc., to maintain bonds until 2028.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed) 2023-05-17 - SUBSTITUTED BY A6547 [S05287 Detail]
Download: New_York-2023-S05287-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5287 2023-2024 Regular Sessions IN SENATE March 1, 2023 ___________ Introduced by Sen. MANNION -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend chapter 373 of the laws of 1998, amending the public authorities law relating to the powers of NYSARC, Inc., in relation to the effectiveness thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 5 of chapter 373 of the laws of 1998, amending the 2 public authorities law relating to the powers of NYSARC, Inc., as 3 amended by chapter 444 of the laws of 2018, is amended to read as 4 follows: 5 § 5. This act shall take effect immediately and shall expire and be 6 deemed repealed on December 31, [2023] 2028. 7 § 2. Any contracts entered into by the dormitory authority pursuant to 8 this act shall be deemed state contracts within the meaning of that term 9 as set forth in article 15-A of the executive law, and the authority 10 shall be deemed, for the purposes of this act, a contracting agency as 11 that term is used in such article. 12 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09913-01-3
