Bill S5512-2011

Authorizes the dormitory authority to construct and finance certain facilities of the Poly Prep Country Day School

Authorizes the dormitory authority to construct and finance certain facilities of the Poly Prep Country Day School.

Details

Actions

  • Sep 23, 2011: SIGNED CHAP.580
  • Sep 12, 2011: DELIVERED TO GOVERNOR
  • Jun 15, 2011: returned to senate
  • Jun 15, 2011: passed assembly
  • Jun 15, 2011: ordered to third reading rules cal.287
  • Jun 15, 2011: substituted for a8015
  • Jun 14, 2011: referred to ways and means
  • Jun 14, 2011: DELIVERED TO ASSEMBLY
  • Jun 14, 2011: PASSED SENATE
  • Jun 13, 2011: ADVANCED TO THIRD READING
  • Jun 7, 2011: 2ND REPORT CAL.
  • Jun 6, 2011: 1ST REPORT CAL.1018
  • May 27, 2011: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Votes

VOTE: COMMITTEE VOTE: - Corporations, Authorities and Commissions - Jun 6, 2011
Ayes (5): Ranzenhofer, Flanagan, Larkin, Martins, Perkins
Ayes W/R (1): Squadron

Memo

BILL NUMBER:S5512

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 Poly Prep Country Day School

PURPOSE: Allow for the refinancing and/or financing by the NYS Dormitory Authority of projects associated with Poly Prep Country Day School in Brooklyn, NY

JUSTIFICATION: Poly Prep has successfully utilized state funding for previous projects. The legislation will allow for the Dormitory Authority to review projects for possible future financing.

LEGISLATIVE HISTORY: New Bill.

FISCAL IMPLICATIONS: To be determined.

EFFECTIVE DATE: Immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ S. 5512 A. 8015 2011-2012 Regular Sessions S E N A T E - A S S E M B L Y May 27, 2011 ___________
IN SENATE -- Introduced by Sen. GOLDEN -- read twice and ordered print- ed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions IN ASSEMBLY -- Introduced by M. of A. BROOK-KRASNY -- read once and referred 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 the Poly Prep Country Day School 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: POLY PREP COUNTRY DAY SCHOOL, FOR THE REFINANCING OF OUTSTANDING INDEBTEDNESS, THE FINANCING OR REFINANCING, OR REIMBURSEMENT OF THE COSTS OF, THE ACQUISITION, DESIGN, CONSTRUCTION, RECONSTRUCTION, REHA- BILITATION, IMPROVEMENT, FURNISHING AND EQUIPPING OF, OR OTHERWISE PROVIDING FOR, THE POLY PREP COUNTRY DAY SCHOOL AT ITS FACILITIES LOCATED AT 9216 SEVENTH AVENUE AND/OR 50 PROSPECT PARK WEST IN BROOKLYN, NEW YORK, TO SERVE AS A SCHOOL FOR STUDENTS IN GRADES NURSERY THROUGH TWELVE; PROVIDED, HOWEVER, THAT THE AGGREGATE SUM OF ANY BONDS ISSUED FOR SUCH PURPOSE SHALL NOT EXCEED FIFTEEN 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: POLY PREP COUNTRY DAY SCHOOL, FOR THE REFINANCING OF OUTSTANDING INDEBTEDNESS, THE FINANCING OR REFINANCING, OR REIMBURSEMENT OF THE COSTS OF, THE ACQUISITION, DESIGN, CONSTRUCTION, RECONSTRUCTION, REHA- BILITATION, IMPROVEMENT, FURNISHING AND EQUIPPING OF, OR OTHERWISE PROVIDING FOR, THE POLY PREP COUNTRY DAY SCHOOL AT ITS FACILITIES LOCATED AT 9216 SEVENTH AVENUE AND/OR 50 PROSPECT PARK WEST IN BROOKLYN,
NEW YORK, TO SERVE AS A SCHOOL FOR STUDENTS IN GRADES NURSERY THROUGH TWELVE; PROVIDED, HOWEVER, THAT THE AGGREGATE SUM OF ANY BONDS ISSUED FOR SUCH PURPOSE SHALL NOT EXCEED FIFTEEN 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 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.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Discuss!

blog comments powered by Disqus