Bill Text: NY S07069 | 2021-2022 | General Assembly | Introduced
Bill Title: Extends provisions of law relating to the issuance of land installment purchase obligations from July 1, 2021 until July 1, 2031.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2021-06-11 - SIGNED CHAP.146 [S07069 Detail]
Download: New_York-2021-S07069-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7069 2021-2022 Regular Sessions IN SENATE May 26, 2021 ___________ Introduced by Sen. GAUGHRAN -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend chapter 626 of the laws of 1996, amending the local finance law, relating to the issuance of land installment purchase obligations, in relation to extending the provisions 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 626 of the laws of 1996, amending the 2 local finance law, relating to the issuance of land installment purchase 3 obligations, as amended by chapter 200 of the laws of 2011, is amended 4 to read as follows: 5 § 3. This act shall take effect immediately and shall expire on July 6 31, [2021] 2031 when upon such date the provisions of this act shall be 7 deemed repealed. 8 § 2.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. LBD11056-01-1