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Sponsors
Senator · Senate District 38
No co-sponsors yet.
History
- Signed chap.26
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading cal.151
- Substituted for A4844
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 60–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.224
Show 1 earlier action
- 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.
Extends the authority of the New York State Association for Retarded Children, Inc. to maintain bonds
Assembly Floor Calendar · Sponsor Harvey Weisenberg
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3800
Title of bill
An act to amend chapter 373 of the laws of 1998, amending the public authorities law relating to the powers of NYSARC, Inc., in relation to extending the provisions of such chapter
Purpose or general idea of bill
This bill would extend for an additional five years the authority of NYSARC, Inc., formerly the New York State Association for Retarded Children, Inc., to avail itself of Dormitory Authority construction management and financial services. NYSARC's current authority expires on December 31, 2013 and this would extend it until December 31, 2018.
Summary of specific provisions
This bill would amend section 5 of chapter 373 of the laws of 1998 to change the effective date so that NYSARC continues to have authority to avail itself of Dormitory Authority construction and management financial services for another five years.
Justification
NYSARC is a private, not-for-profit organization dedicated to ensuring that persons with developmental disabilities become active and contributing members of their communities. Since NYSARC's authority to utilize Dormitory Authority construction and management services was established, NYSARC has bonded over $156,365,000 involving 343 projects and 367 loans through the state, saving over $32 million in public funds. Expiration of NYSARC's authority would undermine very substantial bond initiatives now underway, resulting in lost savings to the state and lost funding to reinvest in critical services to persons with developmental disabilities. Future bond issues contingent on this legislation are expected to continue to benefit both New York taxpayers and the individuals and families NYSARC services.
Prior legislative history
New Bill
Fiscal implications
By continuing to fund projects through tax exempt financing New York State will save funds it would otherwise reimburse NYSARC, Inc. chapters.
Effective date
This act shall take effect immediately and shall expire and be deemed repealed on December 31, 2018.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.