Bill Text: NY S04079 | 2009-2010 | General Assembly | Introduced

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Bill Title: Makes provisions for construction and financing of facilities for the New York state library association by the dormitory authority; permits payment or assignment of public moneys to the authority; limits bond amount to five million dollars; provides for the repeal of such provisions upon the expiration thereof.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-04-07 - REPORTED AND COMMITTED TO FINANCE [S04079 Detail]

Download: New_York-2009-S04079-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4079
                              2009-2010 Regular Sessions
                                   I N  S E N A T E
                                     April 9, 2009
                                      ___________
       Introduced by Sen. AUBERTINE -- read twice and ordered printed, and when
         printed  to be committed to the Committee on Corporations, Authorities
         and Commissions
       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    S  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
   19  AS DEFINED IN SECTION TWO HUNDRED  FIFTY-THREE  OF  THE  EDUCATION  LAW,
   20  SHALL HAVE FULL POWER AND AUTHORITY TO ASSIGN AND PLEDGE TO THE DORMITO-
   21  RY  AUTHORITY,  ANY  AND ALL PUBLIC FUNDS TO BE APPORTIONED OR OTHERWISE
   22  MADE PAYABLE BY THE  STATE,  A  POLITICAL  SUBDIVISION,  AS  DEFINED  IN
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03307-01-9
       S. 4079                             2
    1  SECTION  ONE  HUNDRED  OF  THE  GENERAL  MUNICIPAL  LAW,  OR ANY LIBRARY
    2  DISTRICT IN THE STATE IN AN  AMOUNT  SUFFICIENT  TO  MAKE  ALL  PAYMENTS
    3  REQUIRED  TO  BE MADE PURSUANT TO ANY LEASE, SUBLEASE OR OTHER AGREEMENT
    4  ENTERED  INTO BETWEEN THE NON-PROFIT MEMBER AND THE DORMITORY AUTHORITY.
    5  ALL STATE AND LOCAL OFFICERS ARE HEREBY AUTHORIZED TO PAY ALL SUCH FUNDS
    6  SO ASSIGNED AND PLEDGED TO THE DORMITORY AUTHORITY OR, UPON DIRECTION OF
    7  THE DORMITORY AUTHORITY, TO ANY TRUSTEE OF ANY DORMITORY AUTHORITY  BOND
    8  OR  NOTE  ISSUE,  PURSUANT TO A CERTIFICATE FILED WITH ANY SUCH STATE OR
    9  LOCAL OFFICER BY THE DORMITORY AUTHORITY PURSUANT TO THE  PROVISIONS  OF
   10  THIS SECTION.
   11    S 3. Any contracts entered into by the dormitory authority pursuant to
   12  this act shall be deemed state contracts within the meaning of that term
   13  as  set  forth  in  article 15-A of the executive law, and the authority
   14  shall be deemed, for the purposes of this act, a contracting  agency  as
   15  that term is used in such article.
   16    S  4. The expiration and repeal of sections one, two and three of this
   17  act shall not affect or impair in any manner any bonds  issued,  or  any
   18  loan made to any borrower, pursuant to the provisions of this act  prior
   19  to the expiration of such sections.
   20    S  5.  This  act shall take effect immediately and shall expire and be
   21  deemed repealed December 31, 2015.