S432-2011 Actions

• Jan 31, 2011: RECOMMIT, ENACTING CLAUSE STRICKEN
• Jan 5, 2011: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

S432-2011 Memo

BILL NUMBER:S432

TITLE OF BILL:
An act
to amend the public authorities law, in relation to providing for the
financing and interior restoration of capital facilities for a certain
not-for-profit corporation

PURPOSE OF THE BILL:
To enable the Nightingale-Bamford School to
enter into contracts through the Dormitory Authority in order to
refinance certain loans and finance certain capital expenditures
relating to restoration work to the interior of the school buildings.

SUMMARY OF SPECIFIC PROVISIONS:
Section 1 Amends paragraph (b) of
subdivision 2 of section 1676 of the public authorities law by adding
a new undesignated subparagraph including the Nightingale-Bamford
School in the list of entities deemed to be a "dormitory".

Section 2 amends subdivision 1 of section 1680 of the public
authorities law by adding a new undesignated paragraph including the
Nightingale-Bamford School in the list of entities deemed to be an
"educational institution."

JUSTIFICATION:
Founded in 1920, the Nightingale-Bamford School is an independent
school for girls serving students in K-12. The school embraces
rigorous academics as well as the arts and athletics, leadership
opportunities, and community service. The Nightingale-Bamford School
is committed to diversity in an educational environment of
responsibility, mutual respect, and empathy. Currently, twenty-three
percent of students receive scholarship grants to attend the
Nightingale Bamford School.

The School seeks authorization to meet its financing and refinancing
needs through the Dormitory Authority of the State of New York
(DASNY). In addition to refinancing existing obligations, this bill
will provide The Nightingale-Bamford School with the ability to
undertake needed interior renovations its buildings.

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
This act shall take effect immediately.

S432-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                          432
 2011-2012 Regular Sessions
 I N  SENATE
 (PREFILED)
 January 5, 2011
 
 Introduced  by  Sen. KRUEGER -- 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 providing for
 the  financing  and  interior  restoration of capital facilities for a
 certain not-for-profit corporation
 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:

 THE NIGHTINGALE-BAMFORD SCHOOL.
 

S 2. Subdivision 1 of section 1680 of the public  authorities  law  is
 amended by adding a new undesignated paragraph to read as follows:

 THE NIGHTINGALE-BAMFORD SCHOOL.
 

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
 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 article 15-A of the executive law.
 

S 4. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00736-01-1

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