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NY A03950
Bill
Status
Introduced
1/28/2015
Primary Sponsor
Phillip Goldfeder
Click for details
AI Summary
- Prohibits the Triborough Bridge and Tunnel Authority and Metropolitan Commuter Transportation Authority from pledging fares, tolls, rentals, rates, charges, or other fees on the Cross Bay Veterans Memorial Bridge or any other single-county bridge as security for bonds or notes
- Voids any existing resolution, bond covenant, or series that requires such fees on single-county bridges as collateral for bondholder or noteholder pledges
- Requires immediate cessation of all fare, toll, rental, rate, charge, or other fee collection on the Cross Bay Veterans Memorial Bridge or any other bridge located entirely within one county as of the act's effective date
- Takes effect immediately upon enactment
Legislative Description
Prohibits the imposition and collection of a fare, toll, rental, rate, charge or other fee on the Cross Bay Veterans Memorial Bridge or on any other bridge located entirely within one county of the state as security for bonds and notes issued by the Triborough bridge and tunnel authority or by the metropolitan commuter transportation authority.
Last Action
enacting clause stricken
11/10/2016
Committee Referrals
Corporations, Authorities and Commissions1/28/2015
Full Bill Text
No bill text available