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NY A10862

Bill

Official Source

Status

Introduced

7/24/2020

Primary Sponsor

William Magnarelli

Click for details

Origin

Assembly

2019-2020 General Assembly

AI Summary

  • Amends Public Authorities Law Section 1475-c to extend the term of existence of the City of Syracuse Parking Authority from 15 years to 32 years
  • The authority will continue to operate for the extended 32-year period and thereafter until all liabilities are met and bonds are paid in full or discharged
  • Upon ceasing to exist, all rights and properties of the authority shall pass to the City of Syracuse
  • Takes effect immediately upon enactment

Legislative Description

Extends the term of existence of the city of Syracuse parking authority by seventeen years.

Last Action

referred to corporations, authorities and commissions

7/24/2020

Committee Referrals

Corporations, Authorities and Commissions7/24/2020

Full Bill Text

No bill text available