Sponsor: KRUEGER

Other Versions: S5843A

Committee: RULES

Law Section: Public Authorities Law

S5843 Summary

Act: AN ACT to amend the public authorities law, in relation to authorizing the dormitory authority to construct and finance certain facilities of the Convent of the Sacred Heart school in New York City

S5843 Actions

S5843 Memo

 BILL NUMBER:  S5843

 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
the Convent of the Sacred Heart school in New York City


 PURPOSE OR GENERAL IDEA OF BILL :
To enable the Convent of the Sacred Heart School to apply for funding
through the dormitory authority for the construction of an athletic
facility.

 JUSTIFICATION :
In the past, Sacred Heart has accessed tax-exempt financing through
the NYC Industrial Development Agency. This law lapsed as of January
30th, 2008 ending that avenue for funding. This legislation would
allow the Sacred Heart Convent School 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 purposes.

 EFFECTIVE DATE :
Immediately.

S5843 Text

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

                                         5843

                              2009-2010 Regular Sessions

                                   I N  S E N A T E

                                     June 11, 2009
                                      ___________

       Introduced  by  Sen. KRUEGER -- read twice and ordered printed, and when
         printed to be committed to the Committee on Rules

       AN ACT to amend the public authorities law, in relation  to  authorizing
         the dormitory authority to construct and finance certain facilities of
         the Convent of the Sacred Heart school in New York City

         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1. Paragraph (b) of subdivision  2  of  section  1676  of  the
    2  public authorities law is amended by adding a new undesignated paragraph
    3  to read as follows:
    4    THE CONVENT OF THE SACRED HEART SCHOOL LOCATED IN NEW YORK CITY.
    5    S  2.  Subdivision  1 of section 1680 of the public authorities law is
    6  amended by adding a new undesignated paragraph to read as follows:
    7    THE CONVENT OF THE SACRED HEART SCHOOL LOCATED IN NEW YORK CITY.
    8    S 3. Any contracts entered into by the dormitory authority pursuant to
    9  this act shall be deemed state contracts within the meaning of that term
   10  as set forth in article 15-A of the executive  law,  and  the  authority
   11  shall  be  deemed, for the purposes of this act, a contracting agency as
   12  that term is used in such article.
   13    S 4. This act shall take effect immediately.




        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14221-01-9