Establishes that debt payments for the Rochester school facilities modernization program shall not affect the city of Rochester's maintenance of effort requirements.
Ayes (18): Flanagan, Farley, Lanza, LaValle, Marcellino, Maziarz, Ranzenhofer, Robach, Saland, Seward, Oppenheimer, Addabbo, Avella, Breslin, Montgomery, Serrano, Stavisky, Huntley
Ayes (58): Adams, Addabbo, Alesi, Avella, Ball, Bonacic, Breslin, Carlucci, DeFrancisco, Diaz, Dilan, Espaillat, Farley, Flanagan, Fuschillo, Gallivan, Gianaris, Golden, Griffo, Grisanti, Hannon, Hassell-Thomps, Huntley, Johnson, Kennedy, Klein, Krueger, Lanza, Larkin, LaValle, Libous, Little, Martins, Maziarz, McDonald, Montgomery, Nozzolio, O'Mara, Oppenheimer, Parker, Peralta, Ranzenhofer, Ritchie, Rivera, Robach, Saland, Sampson, Savino, Serrano, Seward, Skelos, Smith, Squadron, Stavisky, Stewart-Cousin, Valesky, Young, Zeldin
Excused (3): Duane, Marcellino, Perkins
TITLE OF BILL: An act to amend section 5 of chapter 416 of the laws of 2007, establishing 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 establishing that debt payments for the Rochester school facilities modernization program shall not affect the city of Rochester's maintenance of effort requirements
PURPOSE OR GENERAL IDEA OF BILL: This bill would provide the City of Rochester and the Rochester City School District with increased flexibility to meet the needs of its school children by providing alternative financing mechanisms for the reconstruction of up to thirteen school buildings.
SUMMARY OF SPECIFIC PROVISION: Lines 14-21 of Section 5 of chapter 416 of the laws of 2007, establishing 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: Payment of debt service on bonds, notes or other obligations issued to secure financing of not more than $325,000,000 for projects undertaken pursuant to this act shall not be considered when determining the "city amount" required p:ursuant to subparagraph (ii) of-paragraph (a) of subdivision 5-b of section 2576 of the education law provided, however, that this provision shall not otherwise affect the determination of said "City amount" with respect to funding unrelated to projects undertaken pursuant to this act.
JUSTIFICATION: The school buildings in Rochester are in serious disrepair, jeopardizing the education of the city's school children. This bill would allow for innovative and cost effective financing options in Rochester's ongoing efforts to reconstruct up to thirteen school buildings.
FISCAL IMPLICATIONS: Undetermined.
EFFECTIVE DATE: This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 6870 IN SENATE March 30, 2012 ___________Introduced by Sens. ROBACH, ALESI, MAZIARZ, RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT to amend section 5 of chapter 416 of the laws of 2007, establish- ing the city of Rochester and the board of education of the city school district of the city of Rochester school facilities moderniza- tion program act, in relation to establishing that debt payments for the Rochester school facilities modernization program shall not affect the city of Rochester's maintenance of effort requirements 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, establishing 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 BONDS, NOTES OR OTHER OBLIGATIONS ISSUED TO SECURE FINANCING OF NOT MORE THAN $325,000,000 FOR PROJECTS UNDERTAKEN PURSUANT TO THIS ACT SHALL NOT BE CONSIDERED WHEN DETERMINING THE "CITY AMOUNT" REQUIRED PURSUANT TO SUBPARAGRAPH (II) OF PARAGRAPH A OF SUBDIVISION 5-B OF SECTION 2576 OF THE EDUCATION LAW; PROVIDED, HOWEVER, THAT THIS PROVISION SHALL NOT OTHERWISE AFFECT THE DETERMINATION OF SAID "CITY AMOUNT" WITH RESPECT TO FUNDING UNRELATED TO PROJECTS UNDERTAKEN PURSUANT TO THIS ACT. The plan should also address what specific options would be used to ensure that sufficient resources exist to cover the local share of any such projectEXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15127-01-2 S. 6870 2
cost on an annual basis; (b) information concerning the potential persons to be involved in the financing and such person's role and responsibilities; (c) estimates on the design, reconstruction and reha- bilitation costs by project, any administrative costs for potential projects, and an outline of the timeframe expected for completion of each potential project; (d) a detailed description of the request for proposals process and an outline of the criteria to be used for selection of the program manager, the independent compliance officer and all contractors; (e) any proposed amendments to the city school district's
[five year]FIVE-YEAR capital facilities plan submitted in accordance with subdivision 6 of section 3602 of the education law and the regulations of the commissioner; and (f) a preliminary diversity plan to develop diversity goals, including appropriate community input and public discussion, and develop strategies that would create and coordinate any efforts to ensure a more diverse workforce for the projects. The preliminary diversity plan should address accountability for attainment of the diversity goals, what forms of monitoring would be used, and how such information would be publicly communicated. Prior to the development of the comprehensive school facilities modernization plan, the RSC board shall hold as many public hearings as may be necessary to ensure sufficient public input and allow for signif- icant public discussion on school building needs in such city, with at least one hearing to be held in each neighborhood potentially impacted by a proposed project. All projects proposed in the comprehensive school facilities modern- ization plan shall be included by the city school district as a special section of the district's five-year capital facilities plan that is required pursuant to subdivision 6 of section 3602 of the education law and the regulations of the commissioner. The [JSC]RSC board shall submit the components of such comprehensive plan outlined in subdivision (a) of this section to the comptroller, along with any other information requested by the comptroller, for his or her review and approval. S 2. This act shall take effect immediately.