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Sponsors
Senator · Senate District 38
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History
- Signed chap.349
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.504
- Substituted for A9974A
- Referred to local governments
- Delivered to assembly
- Passed senateVote 58–0
- Ordered to third reading cal.1356
- Committee discharged and committed to rules
- Print number 7690a
Show 2 earlier actions
- Amend and recommit to local government
- Referred to local government
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.
Grants the Nyack joint fire district local development corporation and the Nyack general fire protection company, Inc. legal corporate status as not-for-profit corporations
Assembly Floor Calendar · Sponsor Kenneth Zebrowski
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7690A
Title of bill
An act in relation to granting the Nyack joint fire district local development corporation and the Nyack general fire protection company, Inc. legal corporate status as not-for-profit corporations
Purpose
This bill would grant legal corporate status as not-for-profit corporations pursuant to the New York State not-for-profit corporation law to the Nyack Joint Fire District Local Development Corporation (the "LDC") and the Nyack General Fire Protection Company, Inc. (the "Fire Co.") and to authorize the valid and legal transfer of title to the Park Street fire station from the Fire Co. to the Nyack Joint Fire District, in the Towns of Orangetown and Clarkstown and the Villages of Nyack, Upper Nyack, South Nyack and Upper Grandview in Rockland County (the "Nyack Joint Fire District"). In addition, this act will address and remedy certain prior actions by the LDC and the Fire Co., which were the subject of a report prepared by the Office of the State Comptroller in December, 2009.
Read the full memo (614 words)
Summary of provisions
Section 1. (i) Grants legal corporate status to the Nyack Joint Fire District Local Development Corporation and the Nyack General Fire Protection Company, Inc., as not-for-profit corporations pursuant to the New York State not-for-profit corporation law; (ii) legalizes, validates, ratifies and confirms the transfer of several parcels of real property located on Park Street in the Village of Nyack and currently the site of the Park Street fire station from the LDC to the Fire Co. and the lease between the Fire Co. to the Nyack Joint Fire District; and (iii) authorizes the sale, without judicial intervention, of such parcels of real property by the Fire Co. to the Nyack Joint Fire District, upon such terms and conditions and for such consideration as have been agreed upon.
Section 2. Effective date.
Justification
The Nyack Joint Fire District presently leases a fire station located on Park Street in the Village of Nyack from the Nyack General Fire Protection Company, Inc. The lease by and between the Nyack General Fire Protection Company, Inc. and the Nyack Joint Fire District provides an option to purchase, at any time during the term of the lease, for a sum of one dollar ($1.00), plus payment of any and all mortgages, liens or other encumbrances of record against the property. The Board of Fire Commissioners has determined that there will be significant financial benefits to the taxpayers of the Nyack Joint Fire District if the Nyack Joint Fire District exercises the purchase option set forth in the lease because the debt service cost on bonds issued by the Nyack Joint Fire District to acquire the fire station will be substantially lower than the lease payments required to be made by the Nyack Joint Fire District pursuant to the terms of the lease. In furtherance thereof, in December 2013, a proposition for approval of a bond resolution was approved by a majority of the voters of the Nyack Joint Fire District authorizing the issuance of not to exceed $3 million in bonds of the Nyack Joint Fire District to finance the acquisition of the fire station located on Park Street.
In order (i) to assure the validity of the transfer of title from the Fire Co. to the Nyack Joint Fire District, (ii) to resolve any other questions surrounding the legality of the actions taken by the LDC and the Fire Co., formed for the express purpose of financing the construction of said fire station, and (iii) to eliminate the need for judicial intervention for said transfer of title, the Nyack Joint Fire District is seeking this special act.
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.