Bill Text: NY S03022 | 2017-2018 | General Assembly | Amended

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Bill Title: Makes provisions for construction and financing of facilities for the New York Library Association, Inc. by the dormitory authority; permits payment or assignment of public moneys to the authority; limits bond amount to five million dollars.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2018-03-12 - referred to libraries and education technology [S03022 Detail]

Download: New_York-2017-S03022-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         3022--A
            Cal. No. 383
                               2017-2018 Regular Sessions
                    IN SENATE
                                    January 19, 2017
                                       ___________
        Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Corporations,  Authorities
          and  Commissions  --  recommitted  to  the  Committee on Corporations,
          Authorities and Commissions in accordance with Senate Rule 6,  sec.  8
          -- reported favorably from said committee, ordered to first and second
          report,  ordered  to  a  third reading, amended and ordered reprinted,
          retaining its place in the order of third reading
        AN ACT  to  amend  the  public  authorities  law,  in  relation  to  the
          construction  and  financing  of facilities by the dormitory authority
          for the New York Library Association; and providing for the repeal  of
          such provisions upon expiration thereof
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph (b) of subdivision  2  of  section  1676  of  the
     2  public authorities law is amended by adding a new undesignated paragraph
     3  to read as follows:
     4    The  non-profit members of the New York Library Association, Inc.  for
     5  the acquisition, financing,  construction,  reconstruction,  renovation,
     6  development, improvement, expansion and equipping of library facilities.
     7    §  2.  Subdivision  1 of section 1680 of the public authorities law is
     8  amended by adding two new undesignated paragraphs to read as follows:
     9    The non-profit members of the New York Library Association, Inc.   for
    10  the  acquisition,  financing, refinancing, construction, reconstruction,
    11  renovation, development, improvement, expansion and equipping of library
    12  facilities in the state of New  York.  The  principal  amount  of  bonds
    13  issued  by the dormitory authority for the costs of each project author-
    14  ized hereunder shall not exceed five million dollars, except  for  bonds
    15  issued to refund or refinance bonds previously issued for such projects.
    16    Notwithstanding  any  other  provision  of law, each of the non-profit
    17  members of the  New  York  Library  Association,  Inc.  subject  to  the
    18  provisions  of  this chapter, including association and public libraries
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03951-02-8
        S. 3022--A                          2
     1  as defined in section two hundred  fifty-three  of  the  education  law,
     2  shall have full power and authority to assign and pledge to the dormito-
     3  ry  authority,  any  and all public funds to be apportioned or otherwise
     4  made  payable  by  the  state,  a  political  subdivision, as defined in
     5  section one hundred  of  the  general  municipal  law,  or  any  library
     6  district  in  the  state  in  an  amount sufficient to make all payments
     7  required to be made pursuant to any lease, sublease or  other  agreement
     8  entered  into between the non-profit member and the dormitory authority.
     9  All state and local officers are hereby authorized to pay all such funds
    10  so assigned and pledged to the dormitory authority or, upon direction of
    11  the dormitory authority, to any trustee of any dormitory authority  bond
    12  or  note  issue,  pursuant to a certificate filed with any such state or
    13  local officer by the dormitory authority pursuant to the  provisions  of
    14  this section.
    15    § 3. Any contracts entered into by the dormitory authority pursuant to
    16  this act shall be deemed state contracts within the meaning of that term
    17  as  set  forth  in  article 15-A of the executive law, and the authority
    18  shall be deemed, for the purposes of this act, a contracting  agency  as
    19  that term is used in such article.
    20    §  4. The expiration and repeal of sections one, two and three of this
    21  act shall not affect or impair in any manner any bonds  issued,  or  any
    22  loan made to any borrower, pursuant to the provisions of this act  prior
    23  to the expiration of such sections.
    24    §  5.  This  act shall take effect immediately and shall expire and be
    25  deemed repealed December 31, 2023.