Assembly Bill A9786

Signed By Governor
2011-2012 Legislative Session

Relates to special powers of the New York State environmental facilities corporation

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S6639 - Signed by Governor


  • 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

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2011-A9786 (ACTIVE) - Details

See Senate Version of this Bill:
S6639
Law Section:
Environmental Conservation Law
Laws Affected:
Amd ยง17-1909, En Con L

2011-A9786 (ACTIVE) - Summary

Relates to special powers of the New York State environmental facilities corporation.

2011-A9786 (ACTIVE) - Bill Text download pdf

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

                                  9786

                          I N  A S S E M B L Y

                              April 5, 2012
                               ___________

Introduced  by  M.  of A. SWEENEY, WEISENBERG, COLTON, GUNTHER, LUPARDO,
  JAFFEE, SCHIMEL, ZEBROWSKI, CRESPO, THIELE, CAHILL, P. RIVERA,  GALEF,
  MAGNARELLI,  LAVINE, M. MILLER, ROBERTS -- Multi-Sponsored by -- M. of
  A. BOYLAND, GOTTFRIED, MAGEE, RUSSELL -- (at request of  the  Environ-
  mental  Facilities  Corporation)  --  read  once  and  referred to the
  Committee on Environmental Conservation

AN ACT to amend the environmental conservation law, in relation  to  the
  special  powers  of the New York state environmental facilities corpo-
  ration

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

  Section  1.  Paragraph  a  of  subdivision 3 of section 17-1909 of the
environmental conservation law, as amended by chapter 279 of the laws of
2009, is amended to read as follows:
  a. The corporation is authorized to promulgate regulations,  developed
in  consultation  with the commissioner and the director of the division
of the budget, for the purpose  of  carrying  out  its  responsibilities
under  this  section,  including establishing criteria and standards for
determining the amount of financial assistance to a municipality for  an
eligible  project.  To the extent financial assistance to a municipality
for an eligible project is provided as a loan from the proceeds of bonds
or notes of the corporation, the amount of an allocation  applicable  to
the  portion  of such eligible project financed with such loan shall be,
subject to such maximum financial limitations as may otherwise be neces-
sary and prescribed by the commissioner and the director of the division
of the budget, thirty-three  and  one-third  percent  of  the  principal
amount  of  such loan outstanding at any time for such eligible project,
to the extent reasonably practicable, and subject to such  deviation  as
may  be  necessary, in connection with the administration and investment
of moneys in the fund,  unless  allocations  in  differing  amounts  are
necessary  to preclude a determination by the commissioner or the corpo-
ration pursuant to paragraph e of subdivision eight of this  section  or
unless an allocation in a differing amount is required for an innovative
technology demonstration project; provided, however, that in the case of

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

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