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NY S06981

Bill

Official Source

Status

Engrossed

6/15/2016

Primary Sponsor

Patricia Ritchie

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Authorizes the North Country Alliance Local Development Corporation to pay administrative costs using interest derived from its trust fund
  • Notwithstanding any other law, rule, or regulation, the regional corporation may utilize trust fund interest for this purpose
  • Defines "administrative costs," "regional corporation," and "trust fund" according to the 1989 agreement between the North Country Alliance Local Development Corporation and the New York State Urban Development Corporation
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the North Country Alliance Local Development Corporation to utilize interest derived from such entity's trust fund to cover administrative costs.

Last Action

referred to local governments

6/15/2016

Committee Referrals

Local Governments6/15/2016
Corporations, Authorities and Commissions3/11/2016

Full Bill Text

No bill text available