Bill Text: NY S05287 | 2023-2024 | General Assembly | Introduced

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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

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                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     6  deemed repealed on December 31, [2023] 2028.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