This bill has been amended

Bill S6688-2009

Authorizes the dormitory authority to construct and finance certain facilities of the Trevor Day School

Authorizes the dormitory authority to construct and finance certain facilities of the Trevor Day School.

Details

Actions

  • Jan 27, 2010: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Memo

 BILL NUMBER:  S6688

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 Trevor Day School

PURPOSE OR GENERAL IDEA OF BILL : To enable the Trevor Day School to apply for funding through the dormitory authority for the construction of an athletic facility.

SUMMARY OF SPECIFIC PROVISIONS :

JUSTIFICATION : In the past, the Trevor Day School has accessed tax exempt financing through the NYC Industrial Development Agency. This law lapsed as of January 30th, 2008, ending that avenue for funding. This legislation would allow the Trevor Day School to be added to the list of eligible institutions for which the Dormitory Authority of the State of New York may, at the Authority's discretion, issue tax exempt bonds for construction purposes.

PRIOR LEGISLATIVE HISTORY : This is a new bill.

FISCAL IMPLICATIONS : To be determined.

EFFECTIVE DATE : Immediately.

Text

STATE OF NEW YORK ________________________________________________________________________ 6688 IN SENATE January 27, 2010 ___________
Introduced by Sen. SERRANO -- 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 authorizing the dormitory authority to construct and finance certain facilities of the Trevor 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: TREVOR DAY 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: TREVOR DAY 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 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