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NY S03386

Bill

Official Source

Status

Engrossed

6/9/2015

Primary Sponsor

Michael Ranzenhofer

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Amends Public Authorities Law section 2976 to exempt the Rochester-Genesee Regional Transportation Authority (RGRTA) from bond issuance charges
  • Eliminates financial charges that apply to bonds issued by RGRTA, similar to existing exemptions for recovery act bonds
  • Directs RGRTA to use savings from this exemption for maintenance, operations, and to prevent further mass transit service cuts in the Rochester-Genesee region
  • Takes effect immediately upon enactment
  • Addresses disparity in state support for regional transit outside the New York City metropolitan area

Legislative Description

Relates to exempting the Rochester-Genesee Regional Transportation Authority from bond issuance charges.

Last Action

referred to corporations, authorities and commissions

6/14/2016

Committee Referrals

Corporations, Authorities and Commissions6/14/2016
Finance3/28/2016
Corporations, Authorities and Commissions1/6/2016
Corporations, Authorities and Commissions6/9/2015
Finance4/27/2015
Corporations, Authorities and Commissions2/6/2015

Full Bill Text

No bill text available