Bill Text: NY S05384 | 2017-2018 | General Assembly | Introduced

New York Senate Bill 5384 (Prior Session Legislation)

Introduced

Bill Title: Relates to extending the effectiveness of provisions of law relating to installment loans and obligations evidencing installment loans.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-06-05 - SUBSTITUTED BY A6508 [S05384 Detail]

Download: New_York-2017-S05384-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          5384
                               2017-2018 Regular Sessions
                    IN SENATE
                                     March 23, 2017
                                       ___________
        Introduced by Sen. MARCHIONE -- (at request of the Environmental Facili-
          ties  Corporation) -- read twice and ordered printed, and when printed
          to be committed to the Committee on Local Government
        AN ACT to amend chapter 492 of the  laws  of  1993  amending  the  local
          finance  law  relating to installment loans and obligations evidencing
          installment loans, in relation to extending 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 3 of chapter 492 of the laws of 1993 amending the
     2  local finance law relating to installment loans and obligations evidenc-
     3  ing installment loans, as amended by chapter 111 of the laws of 2014, is
     4  amended to read as follows:
     5    § 3. This act shall take effect immediately and shall remain  in  full
     6  force and effect until September 30, [2017] 2020, at which time it shall
     7  be deemed repealed.
     8    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09936-01-7