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NY S06519

Bill

Official Source

Status

Engrossed

6/2/2021

Primary Sponsor

Andrea Stewart-Cousins

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends Public Authorities Law to authorize the Yonkers Parking Authority to issue bonds or notes up to $30 million principal amount for critical infrastructure improvements to parking facilities in Yonkers
  • Removes the previous June 30, 1992 deadline and establishes a new deadline of June 30, 2031 for bond issuance
  • Authorizes bonds for acquisition, construction, reconstruction, and repair of parking facility property and related financing expenses
  • Permits the authority to refund outstanding bonds, including its 1999A Series revenue bonds, through issuance of new bonds
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the Yonkers parking authority to issue bonds or notes in the principal amount not to exceed thirty million dollars to finance critical infrastructure improvements to parking facilities located in the city of Yonkers.

Last Action

COMMITTED TO RULES

6/3/2022

Committee Referrals

Rules6/3/2022
Cities 21/5/2022
Corporations, Authorities and Commissions6/2/2021
Rules6/1/2021
Cities 25/4/2021

Full Bill Text

No bill text available