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
No co-sponsors yet.
History
- Referred to finance
- Referred to finance
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2671
Title of bill
An act to amend the state finance law, in relation to excluding housing for students at state university of New York insti- tutions from the definition of state-supported debt
Purpose
The purpose of this bill is to exclude student housing from the definition of state-supported debt.
Summary of provisions
Section 1. Amends subdivision one of section 67-a of the state finance law to remove student housing from the definition of state supported debt.
Section 2. Sets forth the effective date.
Justification
This bill will allow the State University of New York to build student housing without being subject to the state debt cap. This bill removes notes and bonds issued for a housing unit at SUNY from such cap. SUNY dormitory funds are self sustaining due to student housing fees. Therefore, this bill will allow the State University the necessary flexibility to build additional student housing based on enrollment needs.
Legislative history
New bill.
Fiscal implications
To be determined.
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.