What's happening
This bill creates a fund for emergency repairs to public college and university facilities.
Why it matters
Statewide repairs. The fund would cover unanticipated damage to public higher education facilities, including damage from fires, floods and hazardous material contamination. Eligible work includes major rehabilitation or replacement.
Funding sources. The fund would receive legislative appropriations and proceeds from authorized state personal income tax revenue bonds. The bill specifies no funding amount.
Spending controls. Spending would require a public higher education system chancellor’s authorization and the budget director’s certification that funds are available. Those documents would be filed with legislative fiscal committee chairs and the state comptroller.
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Who cares
Public college and university leaders
The fund would provide a dedicated mechanism to finance emergency facility repairs and replacement.
- Likely support
Students, faculty and campus staff
The fund would support repairs to public higher education facilities damaged by unexpected incidents.
State budget director and fiscal officials
They would oversee fund availability, custody and spending documentation.
State lawmakers
They could appropriate money to the fund, and legislative fiscal committee chairs would receive spending documents.
Headline styles
Create Emergency College Repair Fund
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Print number 2549b
- Amend and recommit to finance
- Print number 2549a
- Amend and recommit to finance
- Referred to finance
- Referred to finance
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2549--B
2017-2018 Regular Sessions
IN SENATE
January 13, 2017
Introduced by Sens. LAVALLE, RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- recommitted to the Committee on Finance in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the state finance law, in relation to establishing the "rebuild and renew public higher education facilities fund"
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The state finance law is amended by adding a new section 99-ee to read as follows:
§ 99-ee. Rebuild and renew public higher education facilities fund. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance a special fund to be known as the "rebuild and renew public higher education facilities fund."
2. This fund shall contain all moneys appropriated by the legislature for the purposes of this fund and proceeds received from the sale of state personal income tax revenue bonds by authorized issuers pursuant to sections sixty-eight-a and sixty-eight-b of this chapter. Such moneys shall be used only to pay for the cost of unanticipated emergency repairs including major facility rehabilitation or replacement to any public higher education facility caused by but not limited to, fire, flood, hazardous material contamination, inclement weather, acts of God or any other incident which causes unanticipated damage to such facilities.
3. Expenditures from this fund shall be made only upon the warrant of a chancellor of a public higher education system and the issuance of a certificate of availability of funds by the director of the budget. Such
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07978-03-8
S. 2549--B 2
warrants and certificates shall be filed with the chair of the senate finance committee, the chair of the assembly ways and means committee and the state comptroller.
4. State personal income tax revenue bonds issued pursuant to sections sixty-eight-a and sixty-eight-b of this chapter are authorized to be sold to carry out the purposes set forth in subdivision two of this section.
§ 2. This act shall take effect immediately and shall be deemed to have been in full force and effect on and after January 1, 2018.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the state finance law, in relation to establishing the "rebuild and renew public higher education facilities fund"
Purpose
To establish a fund in the joint custody of the State Comptroller and Commissioner of Taxation and Finance to pay for the costs of unantic- ipated emergency repairs to public higher education.
Summary of provisions
Section 1 amends the state finance law to add a new section to establish the "rebuild and renew public higher education facilities fund".
Section 2 sets forth the effective date.
Justification
The recent floods, a result of hurricane Irene and campus-based fires, have caused considerable damage at Binghamton, Cobleskill, Delhi and Canton. As a result, these campuses are faced with the prospect of undertaking extensive unanticipated repairs and reconstruction of crit- ical campus facilities. Currently, these campuses have no source to fund these repairs other than capital funds already appropriated and dedi- cated to approved projects, thus those projects must be postponed or cancelled. This legislation would create a fund subject to appropriation to meet these emergency needs.
Legislative history
2015-16 S.1616B; 2013-14 S.1656A; 2012 S.7338.
Fiscal implications
To be determined.
Effective date
Immediately and shall be deemed to have been in full force and effect on and after January 1, 2018.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.