New York City Financial Assistance Act

Summary

New York City Financial Assistance Act - Title I: Emergency Assistance - Authorizes the Secretary of the Treasury to guarantee, under stated conditions, obligations of the City of New York or of its financing agent. Limits the total amount of guarantees that may be outstanding at any time to $2,000,000,000. Title II: Amendments to the Internal Revenue Code of 1954 - Makes interest income received on any obligation guaranteed under Title I of this Act after the date of the enactment of this title taxable under the Internal Revenue Code of 1954.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 11 May 1978

   Introduced

   Referred to Senate Committee on Banking, Housing and Urban Affairs.

   Source: IntroReferral

2. 11 May 1978

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 11 May 1978

  Open at official source

Sponsors

• Sen. Javits, Jacob K. [R-NY] · R · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Cosponsor
• · ssbk00 · Standing

Related records

• related to → New York City Loan Guarantee Act of 1978