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History
- Held for consideration in ways and means
- Reported referred to ways and means
- Referred to corporations, authorities and commissions
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides for the financing and construction of capital facilities for Riverdale Country School, Inc.
In Assembly Committee · Ways And Means · Sponsor Eric T. Schneiderman
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A10560
Title of bill
An act to amend the public authorities law, in relation to providing for the financing and construction of capital facilities for the Riverdale Country School, Inc.
Purpose or general idea of bill
To enable the Riverdale Country School, Inc. to replace existing obligations with more cost-effective debt obligations utilizing Dormitory Authority financing and to allow the school to pursue other opportunities made possible by Dormitory Authority-issued obligations.
Summary of specific provisions
Section 1 amends paragraph (b) of subdivision 2 of section 1676 of the public authorities law by adding a new undesignated subparagraph including the Riverdale Country School in the list of entities deemed to be a "dormitory".
Section 2 amends subdivision I of section 1680 of the public authorities law by adding a new undesignated paragraph including the Riverdale Coun- try School in the list of entities deemed to be an "educational institu- tion".
Section 3 provides that this act shall take effect immediately.
Justification
The Riverdale Country School, is one of the oldest inde- pendent country day schools in the United States and is located on two wooded campuses in the northwest corner of New York City. The School seeks authorization to meet its financing and refinancing needs through the issuance of debt through the Dormitory Authority of the State of New York (DASNY). This legislation will authorize DASNY to assist the River- dale Country School, Inc. through the issuance of DASNY obligations.
Prior legislative history
New Bill.
Fiscal implications
None to the State
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.