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S1656Senate2013-2014 Session

Establishes the "rebuild and renew public higher education facilities fund"

Sponsor Kenneth P. LaValleSD-1Affects Finance
Status
In Senate Committee
Infrastructure And Capital Investment
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Infrastructure And Capital Investment

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Sponsors

Primary sponsor
Kenneth P. LaValle

Senator · Senate District 1

Chair, Higher Education

No co-sponsors yet.

History

  1. Print number 1656a
  2. Amend and recommit to infrastructure and capital investment
  3. Referred to infrastructure and capital investment
  4. Reported and committed to finance
  5. Committee discharged and committed to infrastructure and capital investment
  6. Referred to finance

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S1656A

Title of bill

An act to amend the state finance law, in relation to establishing the "rebuild and renew public higher education facilities fund"

Purpose

To establish a fund in the joint custody of the State Comptroller and Commissioner of Taxation and Finance to pay for the costs of unanticipated emergency repairs to public higher education.

Summary of provisions

Section 1 amends the state finance law to add a new section to establish the "rebuild and renew public higher education facilities fund".

Section 2 sets forth the effective date.

Justification

The recent floods, as a result of hurricane Irene and campus based fires have caused considerable damage at Binghamton, Cobleskill, Delhi and Canton. As a result, these campuses are faced with the prospect of undertaking extensive unanticipated repairs and reconstruction of critical campus facilities. Currently, these campuses have no source to fund these repairs other than capital funds already appropriated and dedicated to approved projects, thus those projects must be postponed or cancelled. This legislation would create a fund subject to appropriation to meet these emergency needs.

Legislative history

2012 S.7338.

Fiscal implications

To be determined.

Effective date

Immediately and shall be deemed to have been in full force and effect on and after January 1, 2014.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.