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Legislative Memo

Johnny Evers
Director of Government Affairs
T 518.465.7511, ext. 204
www.bcnys.org

BILL:

S.3143 (Ranzenhofer) and S.3145 (Ranzenhofer) / A.2255 (Peoples-Stokes)

Support

SUBJECT:

Bond Issuance Charges Exemption - Rochester Genesee Regional Transportation Authority and NFTA

 

DATE:

April 24, 2017

 

The Business Council of New York State supports S. 3143 and S.3145/A.2255, which would amend the public authorities law in relation to exempting Rochester Genesee Regional Transportation Authority and the Niagara Frontier Transportation Authority (NFTA) from bond issuance charges as currently required by the law under section 2976. The Business Council’s specific reasons for supporting S.3143 and S.3145/A.2255 include the following:

For these reasons, The Business Council strongly supports the passage of S.3143 and S.3145/A.2255.