What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
1 Co-sponsor
History
- Substituted by A8920
- Ordered to third reading cal.706
- Referred to rules
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 of additional projects for the rehabilitation and reconstruction of existing facilities in the city of Buffalo
Signed by Governor · Sponsor Sam Hoyt
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend chapter 605 of the laws of 2000, relating to the construction of new educational facilities, the financing of such facilities, and the financing of the rehabilitation and reconstruction of existing facilities in the city of Buffalo, in relation to the financing of additional projects for the rehabilitation and reconstruction of existing facilities in the city of Buffalo
Purpose or general idea of bill
This bill authorizes the fifth phase of school reconstruction projects in the City of Buffalo by the Joint Schools Construction Board (JSCB).
Summary of specific provisions
This bill identifies nine projects that would be eligible for rehabilitation or reconstruction in the Buffalo City School District and provides an alternative financing option to ensure that the financing is done at the lowest cost possible. In addition, the bill requires the JSCB to report and provide explanatory documentation to the governor and the legislature if the total cost for the projects exceeds the estimated total project cost of $200 million. Furthermore, the bill prevents the JSCB from going forward on projects if the estimated total project costs, as determined at certain points, will exceed the sum of the estimated individual approved project costs for each building by more than the lesser of $20 million or 10% of the approved costs.
Justification
During the 2000 Session, legislation was enacted that allowed the City of Buffalo and the school district to work cooperatively to upgrade their aging educational facilities. Chapter 59 of the Laws of 2003, Chapter 421 of the Laws of 2004, Chapter 283 of the Laws of 2006 and Chapter 403 of the Laws of 2008 authorized the first, second, third and fourth phases of the financing for reconstruction and rehabilitation of projects. This legislation would authorize the fifth and final phase of the financing for reconstruction and rehabilitation of projects.
This proposal authorizes the financing of the fifth and final phase of reconstruction which will allow the City of Buffalo and the school district to continue its work by allowing them to continue to access cost effective financing. By instituting reporting requirements and limiting increases in estimated cost, the bill provides necessary oversight and accountability to ensure that public funds are utilized wisely while also allowing the Buffalo City School District to provide adequate educational facilities to their students
Prior legislative history
Similar legislation was enacted in 2003, 2004, 2006, and 2008
Fiscal implications
Will give the City of Buffalo flexibility in financing school projects.
Effective date
Immediate.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.