S5512-2011 - NY Senate Open Legislation - 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.

Sponsor: GOLDEN
Law Section: Public Authorities Law / Law: Amd SS1676 & 1680, Pub Auth L

S5512-2011 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

S5512-2011 Meetings

Corporations, Authorities and Commissions: Jun 6, 2011

S5512-2011 Calendars

Active List: Jun 14, 2011 , Floor Calendar: Jun 7, 2011 , Floor Calendar: Jun 13, 2011 , Floor Calendar: Jun 14, 2011

S5512-2011 Votes

VOTE: COMMITTEE VOTE: - Corporations, Authorities and Commissions - Jun 6, 2011

Ayes (5): Ranzenhofer, Flanagan, Larkin, Martins, Perkins
Ayes W/R (1): Squadron

VOTE: FLOOR VOTE: - Jun 14, 2011

Ayes (62): Adams, Addabbo, Alesi, Avella, Ball, Bonacic, Breslin, Carlucci, DeFrancisco, Diaz, Dilan, Duane, Espaillat, Farley, Flanagan, Fuschillo, Gallivan, Gianaris, Golden, Griffo, Grisanti, Hannon, Hassell-Thomps, Huntley, Johnson, Kennedy, Klein, Krueger, Kruger, 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

S5512-2011 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.

S5512-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 S. 5512                                                  A. 8015
 2011-2012 Regular Sessions
 SENATE - ASSEMBLY
 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,
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11849-01-1
        S. 5512                             2                            A. 8015
 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.

S5512-2011: Authorizes the dormitory authority to construct and finance certain facilities of the Poly Prep Country Day School