What's happening
The bill expands Dormitory Authority financing to include the New York Alliance for Inclusion and Innovation and extends provisions to 2023.
Why it matters
Broadens access to state-assisted facility financing. by allowing the New York Alliance for Inclusion and Innovation (and any future successors) to use Dormitory Authority financing, not just the New York State Rehabilitation Association. This could give more not-for-profit organizations serving individuals with disabilities access to lower-cost capital for facility improvements.
Supports a wider range of services and programs. by explicitly including day programming, job training, and workforce development facilities as eligible for financing. This change reflects a growing emphasis on employment and community integration for people with disabilities.
Extends financing authority for an additional five years (to December 31, 2023). , enabling more projects to be planned and carried out, and providing organizational stability for not-for-profits as they consider long-term investments.
Facilitates smoother project funding. by clarifying that eligible organizations can pledge a variety of public funds to secure financing, and formalizes the administrative roles and responsibilities of the relevant associations in overseeing these agreements, potentially streamlining the financing process for member organizations.
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
Fund Facilities for Disability Services
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Signed chap.169
- Delivered to governor
- Returned to assembly
- Passed senateVote 62–0
- 3rd reading cal.1972
- Substituted for S8815
- Referred to rules
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.66
- Rules report cal.66
- Reported
Show 3 earlier actions
- Reported referred to rules
- Reported referred to ways and means
- 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.
Fund Inclusion Facility Construction
Senate Floor Calendar · Sponsor Robert Ortt
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
10674
IN ASSEMBLY
May 10, 2018
Introduced by M. of A. GUNTHER -- read once and referred to the Committee on Corporations, Authorities and Commissions
AN ACT to amend the public authorities law, in relation to the construction and financing of facilities by the dormitory authority for the New York Alliance for Inclusion and Innovation; and to amend chapter 371 of the laws of 1998, amending the public authorities law relating to the construction and financing of facilities by the dormitory authority for the New York State Rehabilitation Association, in relation to extending the expiration and repeal of such provisions
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The undesignated paragraph of paragraph (b) of subdivision 2 of section 1676 of the public authorities law, as amended by chapter 580 of the laws of 2003, is amended to read as follows:
Not-for-profit members of the New York State Rehabilitation Association and the New York Alliance for Inclusion and Innovation and any successor in interest to any such organization, for the acquisition, financing, refinancing, construction, reconstruction, renovation, development, improvement, expansion and equipping of certain educational, administrative, residential, clinical [and], day programming, job training and workforce development facilities to be located in the state of New York.
§ 2. The two undesignated paragraphs of subdivision 1 of section 1680 of the public authorities law, as amended by chapter 580 of the laws of 2003, are amended to read as follows:
Not-for-profit members of the New York State Rehabilitation Association and the New York Alliance for Inclusion and Innovation and any successor in interest to any such organization, for the acquisition, financing, refinancing, construction, reconstruction, renovation, development, improvement, expansion and equipping of certain educational, administrative, residential, clinical [and], day programming, job training and workforce development facilities to be located in the state of New York.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15875-02-8
A. 10674 2
Notwithstanding any other provision of law, not-for-profit members of the New York State Rehabilitation Association and the New York Alliance for Inclusion and Innovation and any successor in interest to any such organization, with the concurrence of the applicable association shall have full power and authority to assign and pledge to the dormitory authority, any and all public funds to be apportioned or otherwise made payable by the United States, any agency thereof, the state, any agency thereof to the extent permitted by law, a political subdivision, as defined in section one hundred of the general municipal law, any social services district in the state or any other governmental entity in an amount sufficient to make all payments required to be made by such members pursuant to any lease, sublease or other agreement entered into between such members and the dormitory authority. All state and local officers are hereby authorized and required to pay all such funds so assigned and pledged to the dormitory authority or, upon the direction of the dormitory authority, to any trustee of any dormitory authority bond or note issue, pursuant to a certificate filed with any such state or local officer by the dormitory authority pursuant to the provisions of this section. The New York State Rehabilitation Association's responsibilities and the responsibilities of the New York Alliance for Inclusion and Innovation and any successor in interest to any such organization, in relation to any lease, sublease, or other agreement between the dormitory authority and the applicable association's members shall include, but not be limited to, coordinating and facilitating any required financial disclosure and any other matters heretofore or hereafter deemed necessary or appropriate.
§ 3. Section 5 of chapter 371 of the laws of 1998, amending the public authorities law relating to the construction and financing of facilities by the dormitory authority for the New York State Rehabilitation Association, as amended by chapter 278 of the laws of 2013, is amended to read as follows:
§ 5. This act shall take effect immediately and shall expire and be deemed repealed on December 31, [2018] 2023.
§ 4. This act shall take effect immediately, provided that the amendments to the undesignated paragraph of paragraph (b) of subdivision 2 of section 1676 of the public authorities law, made by section one of this act, and the amendments to the two undesignated paragraphs of subdivision 1 of section 1680 of the public authorities law, made by section two of this act, shall not affect the expiration and repeal of such undesignated paragraphs pursuant to section 5 of chapter 371 of the laws of 1998, as amended, and shall expire and be deemed repealed therewith.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.