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NY A00280

Bill

Official Source

Status

Introduced

1/7/2009

Primary Sponsor

Thomas Alfano

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Amends Public Authorities Law Section 561 to prohibit resolutions authorizing bonds or notes from containing provisions that limit discounts or require a minimum toll on the Cross Bay Veterans Memorial Bridge
  • Amends Public Authorities Law Section 1269 with identical prohibitions on bond covenants, series, or other instruments that create pledges to bondholders or noteholders
  • Applies prospectively only to resolutions passed and bonds or notes issued on or after the bill's effective date
  • Takes effect immediately upon enactment

Legislative Description

Prohibits provision in bonds or notes issued by the Metropolitan Transportation Authority or Triborough Bridge and Tunnel Authority limiting discounts or requiring a minimum toll on the Cross Bay Veterans Memorial Bridge; applies only prospectively to resolutions passed or bonds or notes issued on or after the effective date.

Last Action

print number 280a

6/25/2010

Committee Referrals

Corporations, Authorities and Commissions1/7/2009

Full Bill Text

No bill text available