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History
- Enacting clause stricken
- Referred to corporations, authorities and commissions
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A9013
Title of bill
An act to amend the public authorities law, in relation to authorizing the dormitory authority to construct and finance certain facilities of the Convent of the Sacred Heart school in New York City
Purpose or general idea of bill
To enable the Convent of the Sacred Heart School to apply for funding through the dormitory authority for the construction of an athletic facility.
Summary of specific provisions
JUSTIFICATION: In the past, Sacred Heart has accessed tax-exempt financing through the NYC Industrial Development Agency. This law lapsed as of January 30th, 2008 ending that avenue for funding. This legis- lation would allow the Sacred Heart Convent School to be added to the list of eligible institutions for which the Dormitory Authority of the State of New York may, at the Authority's discretion, issue tax exempt bonds for construction purposes.
Prior legislative history
None.
Fiscal implications
TBD.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.