S5612-2011: Authorizes the dormitory authority to construct and finance certain facilities of Xavier High School in New York City


Same as: A10603-2011 / Versions: S5612-2011
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Authorizes the dormitory authority to construct and finance certain facilities of Xavier High School in New York City.
Sponsor: GOLDEN
Law Section: Public Authorities Law
Law: Amd SS1676 & 1680, Pub Auth L

S5612-2011 Actions

S5612-2011 Meetings

Corporations, Authorities and Commissions: Apr 30, 2012

S5612-2011 Calendars

Active List: May 7, 2012 , Floor Calendar: May 1, 2012 , Floor Calendar: May 2, 2012 , Floor Calendar: May 7, 2012

S5612-2011 Votes

VOTE: COMMITTEE VOTE: - Corporations, Authorities and Commissions - Apr 30, 2012

Ayes (5): Ranzenhofer, Flanagan, Larkin, Martins, Squadron
Ayes W/R (1): Perkins
VOTE: FLOOR VOTE: - May 7, 2012

Ayes (60): Adams, Addabbo, Alesi, Avella, Bonacic, Breslin, Carlucci, DeFrancisco, Diaz, Dilan, Duane, Espaillat, Farley, Flanagan, Fuschillo, Gallivan, Gianaris, Golden, Griffo, Grisanti, Hannon, Hassell-Thomps, Huntley, Johnson, Kennedy, Klein, Krueger, Lanza, Larkin, LaValle, Libous, Little, Marcellino, Martins, Maziarz, McDonald, Montgomery, Nozzolio, O'Mara, Oppenheimer, Parker, Peralta, Perkins, Ranzenhofer, Ritchie, Rivera, Robach, Saland, Sampson, Savino, Serrano, Seward, Skelos, Smith, Squadron, Stavisky, Stewart-Cousin, Valesky, Young, Zeldin
Nays (1): Ball

S5612-2011 Memo

BILL NUMBER:S5612

TITLE OF BILL:
An act to amend the public authorities law, in relation to authorizing
the dormitory authority to construct and finance certain facilities of
Xavier High School in New York City

PURPOSE:
Allow  for  the  refinancing  and/or  financing  by the New York State
Dormitory Authority of projects associated with Xavier High School  in
New York City

JUSTIFICATION:
This  legislation  would  allow Xavier High School, located at 30 West
16th Street, to be added to the  list  of  eligible  institutions  for
which  the  Dormitory  Authority  of the State of New York may, at the
Authority's discretion, issue tax-exempt bonds for construction.

LEGISLATIVE HISTORY:
New Bill.

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
Immediately.

S5612-2011 Text


                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

                                    5612

                         2011-2012 Regular Sessions

                              I N  SENATE

                                June 7, 2011
                                 ___________

  Introduced  by  Sen.  GOLDEN -- 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 authorizing
    the dormitory authority to construct and finance certain facilities of
    Xavier High School in New York City

    THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
  BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (b) of subdivision 2 of section 1676 of the public authorities law is amended by adding a new undesignated paragraph to read as follows:
XAVIER HIGH SCHOOL, FOR THE FINANCING OR REFINANCING, OR REIMBURSEMENT OF THE COSTS OF THE AQUISITION, DESIGN, CONSTRUCTION, RECONSTRUCTION, REHABILITATION, IMPROVEMENT, FURNISHING AND EQUIPPING OF, OR OTHERWISE PROVIDING FOR, XAVIER HIGH SCHOOL AT ITS FACILITY LOCATED AT 30 WEST 16TH STREET IN THE CITY OF NEW YORK, TO SERVE AS A SCHOOL FOR STUDENTS IN GRADES NINE THROUGH TWELVE; PROVIDED, HOWEVER, THAT THE AGGREGATE SUM OF ANY BONDS ISSUED FOR SUCH PURPOSE SHALL NOT EXCEED FIFTY-FIVE MILLION DOLLARS. S 2. Subdivision 1 of section 1680 of the public authorities law is amended by adding a new undesignated paragraph to read as follows:
XAVIER HIGH SCHOOL, FOR THE FINANCING OR REFINANCING, OR REIMBURSEMENT OF THE COSTS OF THE AQUISITION, DESIGN, CONSTRUCTION, RECONSTRUCTION, REHABILITATION, IMPROVEMENT, FURNISHING AND EQUIPPING OF, OR OTHERWISE PROVIDING FOR, XAVIER HIGH SCHOOL AT ITS FACILITY LOCATED AT 30 WEST 16TH STREET IN THE CITY OF NEW YORK, TO SERVE AS A SCHOOL FOR STUDENTS IN GRADES NINE THROUGH TWELVE; PROVIDED, HOWEVER, THAT THE AGGREGATE SUM OF ANY BONDS ISSUED FOR SUCH PURPOSE SHALL NOT EXCEED FIFTY-FIVE MILLION DOLLARS. S 3. Any contracts entered into by the dormitory authority pursuant to this act shall be deemed state contracts within the meaning of that term EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10907-01-1
S. 5612 2 as set forth in article 15-A of the executive law, and the authority shall be deemed, for the purposes of this act, a contracting agency as that term is used in such article. S 4. This act shall take effect immediately.

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