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History
- Recommit, enacting clause stricken
- 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 financing and interior restoration of capital facilities for the Nightingale-Bamford School
Stricken · Sponsor Jonathan Bing
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S432
Title of bill
An act to amend the public authorities law, in relation to providing for the financing and interior restoration of capital facilities for a certain not-for-profit corporation
Purpose of the bill
To enable the Nightingale-Bamford School to enter into contracts through the Dormitory Authority in order to refinance certain loans and finance certain capital expenditures relating to restoration work to the interior of the school buildings.
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 Nightingale-Bamford School in the list of entities deemed to be a "dormitory".
Section 2 amends subdivision 1 of section 1680 of the public authorities law by adding a new undesignated paragraph including the Nightingale-Bamford School in the list of entities deemed to be an "educational institution."
Justification
Founded in 1920, the Nightingale-Bamford School is an independent school for girls serving students in K-12. The school embraces rigorous academics as well as the arts and athletics, leadership opportunities, and community service. The Nightingale-Bamford School is committed to diversity in an educational environment of responsibility, mutual respect, and empathy. Currently, twenty-three percent of students receive scholarship grants to attend the Nightingale Bamford School.
The School seeks authorization to meet its financing and refinancing needs through the Dormitory Authority of the State of New York (DASNY). In addition to refinancing existing obligations, this bill will provide The Nightingale-Bamford School with the ability to undertake needed interior renovations its buildings.
Fiscal implications
None.
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.