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Sponsors
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History
- Recommit, enacting clause stricken
- Referred to corporations, authorities and commissions
- Print number 5677a
- Amend (t) and recommit to corporations, authorities and commissions
- 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.
Authorizes the dormitory authority to finance certain facilities for Abby Lane Housing Corporation, a subsidiary of the ESF College Foundation, Inc.
In Assembly Committee · Ways And Means · Sponsor William Magnarelli
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the public authorities law, in relation to authorizing the dormitory authority to finance certain facilities for Abby Lane Housing Corporation, a subsidiary of ESF College Foundation, Inc.
Purpose or general idea of bill
To allow the SUNY College of Environmental Science and Forestry (SUNY ESF) to finance a new dormitory building in the City of Syracuse through the Dormitory Authority of the State of New York.
Summary of specific provisions
Sections 1 and 2 amend the Public Authorities Law to authorize the Dormitory Authority of the State of New York to issue bonds, which shall not exceed fifty million dollars, to finance the costs to construct a new student dormitory for SUNY ESF, which is to be located between Oakland and Standart Street in the City of Syracuse, New York.
Section 3 specifies that all contracts entered into under this act shall be deemed to be state contracts and that the dormitory shall be deemed to be a contracting agency, as both terms are defined in Article 15-a of the Executive Law.
Section 4 established an effective date.
Justification
In order for the Dormitory Authority to finance a project, a legal authorization of said financing must provided by statute. This bill authorizes the Dormitory Authority to provide financing for a new student dormitory for the SUNY college of Environmental Science and Forestry (SUNY ESF), located in Syracuse, New York.
Prior legislative history
New Bill.
Fiscal implications
Authorizes the Dormitory Authority to issue bonds, the aggregate sum of which shall not be in excess of fifty million dollars.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.