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NY S06892

Bill

Official Source

Status

Engrossed

6/20/2014

Primary Sponsor

Michael Ranzenhofer

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends Public Authorities Law Section 2976, Subdivision 4 to exempt bonds issued by the Rochester-Genesee Regional Transportation Authority (RGRTA) from bond issuance charges
  • Exemption applies to charges under subdivisions one and two of Section 2976, which previously applied to all public authorities bonds
  • Requires RGRTA to use savings from the exemption for maintenance and operations of regional transit services
  • Prevents further service cuts to mass transit riders in the Rochester-Genesee region
  • Takes effect immediately upon enactment

Legislative Description

Relates to exempting the Rochester-Genesee Regional Transportation 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