Bill Text: NY S03690 | 2015-2016 | General Assembly | Introduced

New York Senate Bill 3690 (Prior Session Legislation)

Introduced

Bill Title: Relates to the issuance of bonds to finance airport improvements at the East Hampton Airport for a period not to exceed 30 years.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-06-16 - SUBSTITUTED BY A5245 [S03690 Detail]

Download: New_York-2015-S03690-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 3690                                                  A. 5245
                              2015-2016 Regular Sessions
                             S E N A T E - A S S E M B L Y
                                   February 13, 2015
                                      ___________
       IN SENATE -- Introduced by Sen. LAVALLE -- 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. THIELE -- read once and referred
         to the Committee on Local Governments
       AN ACT to amend the local finance law, in relation to  the  issuance  of
         bonds to finance airport improvements at the East Hampton Airport
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph a of section 11.00 of the local  finance  law  is
    2  amended by adding a new subdivision 14-a to read as follows:
    3    14-A.  AIRPORT  CONSTRUCTION  AND  IMPROVEMENT  OF  THE  EAST  HAMPTON
    4  AIRPORT. THE CONSTRUCTION, RECONSTRUCTION,  OR  EXTENSION  OF  THE  EAST
    5  HAMPTON  AIRPORT,  WHETHER OR NOT INCLUDING BUILDINGS, HANGARS, RUNWAYS,
    6  TAXI-STRIPS, PAVED AREAS, GRADING, FILLING, DRAINAGE, OTHER  SITE  WORK,
    7  ORIGINAL  FURNISHINGS,  EQUIPMENT, MACHINERY OR APPARATUS, THIRTY YEARS;
    8  THE ACQUISITION OR REPLACEMENT OF SUCH EQUIPMENT, MACHINERY  OR  APPARA-
    9  TUS, THIRTY YEARS.
   10    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08014-01-5