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History
- Referred to corporations, authorities and commissions
- Recommitted to rules
- Ordered to third reading cal.1463
- Committee discharged and committed to rules
- 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.
Authorizes the dormitory authority to finance facilities for Inner Harbor Project
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor William Magnarelli
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5698
Title of bill
An act to amend the public authorities law, in relation to authorizing the financing of facilities by the dormitory authority for Inner Harbor Project
Purpose
This bill would authorize the dormitory authority to finance facilities at the Inner Harbor Project
Summary of provisions
Section 1- Amends paragraph (b) of subdivision 2 of section 1676 of the public authorities law by adding a new undesignated paragraph to read as follows: Inner Harbor Project.
Section 2 - Amends subdivision 1 of section 1680 of the public authorities law by adding a new undesignated paragraph to read as follows: Inner Harbor Project.
Section 3 - Any contracts entered into by the dormitory authority pursuant to this act shall be deemed state contracts within the meaning of that term as set forth in article 15-A of the executive law, and Inner Harbor Project shall be deemed, for purposes of this act, a contracting agency as that term is used in such article.
Section 4 - Effective date.
Justification
The City of Syracuse seeks to renovate the Syracuse Inner Harbor and has entered into an agreement with the Canal Corporation and a private developer to do so.
This bill will facilitate this revitalization by authorizing the Dormitory Authority to issue bonds to secure the necessary revenue for the Syracuse Inner Harbor project which will result in long term economic benefits for the City.
Legislative history
New bill
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.