Bill Text: NY S02365 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to the repayment of appropriations made for the construction of a civic center in Albany; provides that moneys received on or before April 30, 2015 shall be deemed full repayment.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO LOCAL GOVERNMENT [S02365 Detail]

Download: New_York-2015-S02365-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
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           S. 2365                                                  A. 3115
                              2015-2016 Regular Sessions
                             S E N A T E - A S S E M B L Y
                                   January 22, 2015
                                      ___________
       IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
         ed, and when printed to be committed to the Committee on Local Govern-
         ment
       IN ASSEMBLY -- Introduced by M. of A. STECK -- read once and referred to
         the Committee on Ways and Means
       AN ACT to amend chapter 41 of the laws of 1985 relating to providing for
         the construction of a civic center in Albany and making appropriations
         relating  to  the  construction  of  such facility, in relation to the
         repayment of such appropriation
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  20 of chapter 41 of the laws of 1985 relating to
    2  providing for the construction of a civic center in  Albany  and  making
    3  appropriations relating to the construction of such facility, is amended
    4  to read as follows:
    5    S  20.  The state comptroller is hereby authorized to receive from the
    6  county, repayment of money disbursed from  this  appropriation  and  any
    7  income  or  increment related thereto due to the investment thereof, and
    8  to deposit the  same  to  the  credit  of  the  capital  projects  fund;
    9  PROVIDED,  HOWEVER  THAT  ANY AND ALL MONEYS RECEIVED BY THE STATE COMP-
   10  TROLLER FROM THE COUNTY OF ALBANY ON OR BEFORE APRIL 30, 2015, SHALL  BE
   11  DEEMED  TO  BE  FULL REPAYMENT OF THE MONEY DISBURSED FROM THE APPROPRI-
   12  ATION MADE IN SECTION ELEVEN OF THIS ACT AND  ANY  INCOME  OR  INCREMENT
   13  RELATED THERETO DUE TO THE INVESTMENT THEREOF.
   14    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04468-01-5