Senate Bill S5715

2011-2012 Legislative Session

Provides that debt service payments on the Rochester school facilities modernization plan shall be the "city amount" for purposes of the school district's estimates

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Education Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

co-Sponsors

2011-S5715 (ACTIVE) - Details

Current Committee:
Senate Education
Law Section:
Education
Laws Affected:
Amd ยง5, Chap 416 of 2007

2011-S5715 (ACTIVE) - Summary

Provides that debt service payments on the Rochester school facilities modernization plan shall be the "city amount" for purposes of the school district's annual estimates pursuant to section 2576 of the education law.

2011-S5715 (ACTIVE) - Sponsor Memo

2011-S5715 (ACTIVE) - Bill Text download pdf

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

                                  5715

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 13, 2011
                               ___________

Introduced  by  Sens. ROBACH, MAZIARZ -- read twice and ordered printed,
  and when printed to be committed to the Committee on Rules

AN ACT to amend the city of Rochester and the board of education of  the
  city  school  district  of  the  city  of  Rochester school facilities
  modernization program act, in relation to the payment of debt  service
  for the comprehensive school facilities modernization plan

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

  Section 1.  Section 5 of chapter 416 of the laws of 2007, constituting
the city of Rochester and the board of  education  of  the  city  school
district  of  the  city  of  Rochester  school  facilities modernization
program act, is amended to read as follows:
  S 5. Comprehensive  school  facilities  modernization  plan.    Before
formal  selection  of the projects occurs, the RSC board shall develop a
comprehensive school  facilities  modernization  plan  recommending  and
outlining the projects it proposes to be potentially undertaken pursuant
to this act.  Such plan shall include: (a) an estimate of total costs to
be  financed,  proposed  financing  plan,  proposed method of financing,
terms and conditions of the financing, estimated financing  costs,  and,
if city general obligation bonds or notes are not proposed as the method
of  financing,  a  comparison  of  financing costs between such bonds or
notes and the proposed method of financing. PAYMENT OF DEBT  SERVICE  ON
ANY  BONDS, NOTES OR OTHER OBLIGATIONS ISSUED TO FINANCE PROJECTS UNDER-
TAKEN PURSUANT TO THIS ACT SHALL BE DISREGARDED FOR PURPOSES  OF  CALCU-
LATING  THE  "CITY  AMOUNT"  UNDER  SUBPARAGRAPH  (II) OF PARAGRAPH A OF
SUBDIVISION 5-B OF SECTION 2576 OF THE EDUCATION LAW.  The  plan  should
also  address  what specific options would be used to ensure that suffi-
cient resources exist to cover the local share of any such project  cost
on  an annual basis; (b) information concerning the potential persons to
be involved in the financing and such  person's  role  and  responsibil-
ities;  (c)  estimates  on the design, reconstruction and rehabilitation

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13091-01-1
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. 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.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.