This bill has been amended

Bill S2653B-2009

Relates to construction and financing of facilities by dormitory authority for Alliance of Long Island Agencies, Inc. and InterAgency Council of Mental Retardation & Developmental Disabilities Agencies, Inc.

Relates to the construction and financing of facilities by the dormitory authority for the Alliance of Long Island Agencies, Inc.

Details

Actions

  • Jun 1, 2009: AMENDED ON THIRD READING 2653B
  • May 26, 2009: ADVANCED TO THIRD READING
  • May 20, 2009: 2ND REPORT CAL.
  • May 19, 2009: 1ST REPORT CAL.367
  • May 6, 2009: REPORTED AND COMMITTED TO FINANCE
  • Mar 30, 2009: PRINT NUMBER 2653A
  • Mar 30, 2009: AMEND (T) AND RECOMMIT TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • Feb 26, 2009: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Memo

 BILL NUMBER:  S2653B

TITLE OF BILL : An act to amend the public authorities law, in relation to the construction and financing of facilities by the dormitory authority for the Alliance of Long Island Agencies, Inc. and InterAgency Council of Mental Retardation and Developmental Disabilities Agencies, Inc.

PURPOSE : To authorize the NYS Dormitory Authority to provide financing for construction and reconstruction of educational, administrative, day program and residential facilities in the state by the Alliance for Long Island Agencies, Inc., and the InterAgency Council of Mental Retardation and Developmental Disabilities Agencies, Inc.

SUMMARY OF PROVISIONS : The bill amends section 1676 subdivision 2 paragraph (b) and section 1680 subdivision 1 of the public authority law to include the Alliance of Long Island Agencies, Inc. and InterAgency Council of Mental Retardation and Developmental Disabilities Agencies, Inc. among those similarly situated groups who are eligible to receive Dormitory Authority funding. It provides for an immediate effective date.

EXISTING LAW : Other similarly situated not-for-profit corporations are listed as designated agencies to receive Dormitory Authority funding.

JUSTIFICATION : The relatively small size of community agencies providing services to people with disabilities has limited the agencies' access to financing or, when financing has been available, has made it very expensive. Allowing the Alliance of Long Island Agencies, Inc., and the InterAgency Council of Mental Retardation and Developmental Disabilities Agencies, Inc. not-for-profit corporations, to be included on the list of designated agencies to receive dormitory authority funding will enable such service providers to join together to achieve economies of scale and lower rates of financing.

By blending together agencies of diverse size and location who offer substantially similar services, the agencies will be able to acquire financing for much needed expansion, renovation and construction at more economical rates. Old debt incurred at high rates by the individual agencies can be consolidated and replaced by refinancing at much more favorable rates through Dormitory Authority support.

LEGISLATIVE HISTORY : New Bill.

FISCAL IMPLICATIONS : None.

EFFECTIVE DATE : Immediately.

Text

STATE OF NEW YORK ________________________________________________________________________ 2653--B Cal. No. 367 2009-2010 Regular Sessions IN SENATE February 26, 2009 ___________
Introduced by Sen. HUNTLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- reported favorably from said committee and committed to the Committee on Finance -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the public authorities law, in relation to the construction and financing of facilities by the dormitory authority for the Alliance of Long Island Agencies, Inc. and InterAgency Council of Mental Retardation and Developmental Disabilities Agencies, Inc. 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: NOT-FOR-PROFIT MEMBERS OF THE ALLIANCE OF LONG ISLAND AGENCIES, INC., FOR THE ACQUISITION, FINANCING, REFINANCING, CONSTRUCTION, RECON- STRUCTION, RENOVATION, DEVELOPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF CERTAIN EDUCATIONAL, ADMINISTRATIVE, DAY PROGRAM AND RESIDENTIAL FACILITIES TO BE LOCATED IN THE STATE OF NEW YORK. S 2. Subdivision 1 of section 1680 of the public authorities law is amended by adding a new undesignated paragraph to read as follows: NOT-FOR-PROFIT MEMBERS OF THE ALLIANCE OF LONG ISLAND AGENCIES, INC., FOR THE ACQUISITION, FINANCING, REFINANCING, CONSTRUCTION, RECON- STRUCTION, RENOVATION, DEVELOPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF CERTAIN EDUCATIONAL, ADMINISTRATIVE, DAY PROGRAM AND RESIDENTIAL FACILITIES TO BE LOCATED IN THE STATE OF NEW YORK. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, NOT-FOR-PROFIT MEMBERS OF THE ALLIANCE OF LONG ISLAND AGENCIES, INC. SHALL HAVE FULL POWER AND AUTHORITY TO ASSIGN AND
PLEDGE TO THE DORMITORY AUTHORITY, ANY AND ALL PUBLIC FUNDS TO BE APPOR- TIONED OR OTHERWISE MADE PAYABLE BY THE UNITED STATES, ANY AGENCY THERE- OF, THE STATE, ANY AGENCY THEREOF, A POLITICAL SUBDIVISION, AS DEFINED IN SECTION ONE HUNDRED OF THE GENERAL MUNICIPAL LAW, ANY SOCIAL SERVICES DISTRICT IN THE STATE OR ANY OTHER GOVERNMENTAL ENTITY IN AN AMOUNT SUFFICIENT TO MAKE ALL PAYMENTS REQUIRED TO BE MADE BY SUCH MEMBERS PURSUANT TO ANY LEASE, SUBLEASE OR OTHER AGREEMENT ENTERED INTO BETWEEN SUCH MEMBERS AND THE DORMITORY AUTHORITY. ALL STATE AND LOCAL OFFICERS ARE HEREBY AUTHORIZED AND REQUIRED TO PAY ALL SUCH FUNDS SO ASSIGNED AND PLEDGED TO THE DORMITORY AUTHORITY OR, UPON THE DIRECTION OF THE DORMI- TORY AUTHORITY, TO ANY TRUSTEE OF ANY DORMITORY AUTHORITY BOND OR NOTE ISSUED, PURSUANT TO A CERTIFICATE FILED WITH ANY SUCH STATE OR LOCAL OFFICER BY THE DORMITORY AUTHORITY PURSUANT TO THE PROVISIONS OF THIS SECTION. S 3. 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: NOT-FOR-PROFIT MEMBERS OF INTERAGENCY COUNCIL OF MENTAL RETARDATION AND DEVELOPMENTAL DISABILITIES AGENCIES, INC., FOR THE ACQUISITION, FINANCING, REFINANCING, CONSTRUCTION, RECONSTRUCTION, RENOVATION, DEVEL- OPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF CERTAIN EDUCATIONAL, ADMINISTRATIVE, DAY PROGRAM AND RESIDENTIAL FACILITIES TO BE LOCATED IN THE STATE OF NEW YORK. S 4. Subdivision 1 of section 1680 of the public authorities law is amended by adding a new undesignated paragraph to read as follows: NOT-FOR-PROFIT MEMBERS OF INTERAGENCY COUNCIL OF MENTAL RETARDATION AND DEVELOPMENTAL DISABILITIES AGENCIES, INC., FOR THE ACQUISITION, FINANCING, REFINANCING, CONSTRUCTION, RECONSTRUCTION, RENOVATION, DEVEL- OPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF CERTAIN EDUCATIONAL, ADMINISTRATIVE, DAY PROGRAM AND RESIDENTIAL FACILITIES TO BE LOCATED IN THE STATE OF NEW YORK. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, NOT- FOR-PROFIT MEMBERS OF THE INTERAGENCY COUNCIL OF MENTAL RETARDATION AND DEVELOPMENTAL DISABILITIES AGENCIES, INC. SHALL HAVE FULL POWER AND AUTHORITY TO ASSIGN AND PLEDGE TO THE DORMITORY AUTHORITY, ANY AND ALL PUBLIC FUNDS TO BE APPORTIONED OR OTHERWISE MADE PAYABLE BY THE UNITED STATES, ANY AGENCY THEREOF, THE STATE, ANY AGENCY THEREOF, A POLITICAL SUBDIVISION, AS DEFINED IN SECTION ONE HUNDRED OF THE GENERAL MUNICIPAL LAW, ANY SOCIAL SERVICES DISTRICT IN THE STATE OR ANY OTHER GOVERNMENTAL ENTITY IN AN AMOUNT SUFFICIENT TO MAKE ALL PAYMENTS REQUIRED TO BE MADE BY SUCH MEMBERS PURSUANT TO ANY LEASE, SUBLEASE OR OTHER AGREEMENT ENTERED INTO BETWEEN SUCH MEMBERS AND THE DORMITORY AUTHORITY. ALL STATE AND LOCAL OFFICERS ARE HEREBY AUTHORIZED AND REQUIRED TO PAY ALL SUCH FUNDS SO ASSIGNED AND PLEDGED TO THE DORMITORY AUTHORITY OR, UPON THE DIRECTION OF THE DORMITORY AUTHORITY, TO ANY TRUSTEE OF ANY DORMITORY AUTHORITY BOND OR NOTE ISSUED, PURSUANT TO A CERTIFICATE FILED WITH ANY SUCH STATE OR LOCAL OFFICER BY THE DORMITORY AUTHORITY PURSUANT TO THE PROVISIONS OF THIS SECTION. S 5. Any contracts entered into by the dormitory authority pursuant to this act shall be deemed state contracts within the meaning of that term 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 6. This act shall take effect immediately.

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