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NY S06890

Bill

Official Source

Status

Engrossed

6/20/2014

Primary Sponsor

Michael Ranzenhofer

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Exempts the Niagara Frontier Transportation Authority (NFTA) from bond issuance charges imposed under Public Authorities Law section 2976
  • Allows NFTA to retain savings from this exemption for maintenance, operations, and to prevent service cuts in the greater Buffalo-Niagara Falls region
  • Legislative findings indicate state mass transit support has favored the New York City metropolitan area while regional transit in Buffalo-Niagara has received insufficient funding
  • Takes effect immediately upon enactment

Legislative Description

Relates to exempting the Niagara Frontier Transit Authority from bond issuance charges.

Last Action

referred to corporations, authorities and commissions

6/20/2014

Committee Referrals

Rules6/20/2014
Finance5/12/2014
Corporations, Authorities and Commissions3/26/2014

Full Bill Text

No bill text available