New York S 4333: Relates to exempting the metropolitan transportation authority from bond issuance charges

Bill Text

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S04333 Summary:

BILL NOS04333 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORCOMRIE

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COSPNSRHOYLMAN-SIGAL, MYRIE

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MLTSPNSR

&nbsp

Amd §2976, Pub Auth L

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Exempts the metropolitan transportation authority from bond issuance charges otherwise required to be paid to the state.

Go to top S04333 Actions:

BILL NOS04333 

&nbsp

02/04/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS04333 Committee&nbspVotes:

Go to topS04333 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS04333 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4333

 2025-2026 Regular Sessions

 IN SENATE

 February 4, 2025
 ___________

 Introduced by Sens. COMRIE, HOYLMAN-SIGAL, MYRIE -- read twice and
 ordered printed, and when printed to be committed to the Committee on
 Corporations, Authorities and Commissions

 AN ACT to amend the public authorities law, in relation to exempting
 certain public authorities from bond issuance charges

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 4 of section 2976 of the public authorities
 2 law, as added by section 12 of part E of chapter 494 of the laws of
 3 2009, is amended to read as follows:
 4 4. The provisions of subdivisions one and two of this section shall
 5 not apply to bonds, notes or other obligations issued by the metropol-
 6 itan transportation authority, and the New York city transit authority,
 7 the Triborough bridge and tunnel authority, and to recovery act bonds
 8 issued by the state of New York municipal bond bank agency in connection
 9 with local American Recovery and Reinvestment Act pursuant to section
 10 two thousand four hundred thirty-six-b of this chapter.
 11 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05586-01-5

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