What's happening
This bill removes the expiration date for the powers of Educational Housing Services Inc., making them permanent.
Why it matters
Ensures long-term stability for Educational Housing Services Inc. (EHS). , allowing it to continue its operations and planning without concern for statutory expiration or periodic legislative renewals.
May support the availability of student housing in New York. , as EHS provides housing options for students; making its powers permanent could help meet ongoing and future demand for affordable student accommodations.
Signals legislative confidence in EHS's role and performance. , potentially encouraging further investment or partnerships with educational institutions, as the removal of the expiration date demonstrates trust in the organization’s governance and necessity.
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Who cares
Headline styles
Extend Student Housing Powers
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Substituted by A7015
- Advanced to third reading
- 2nd report cal.
- 1st report cal.587
- Referred to corporations, authorities and commissions
- Returned to senate
- Died in assembly
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 62–0
- Ordered to third reading cal.1956
- Committee discharged and committed to rules
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.
Keep Student Housing Powers
Signed by Governor · Sponsor Steven Cymbrowitz
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
5265
2017-2018 Regular Sessions
IN SENATE
March 17, 2017
Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions
AN ACT to amend chapter 376 of the laws of 1998 amending the public authorities law relating to the powers of the Educational Housing Services Inc., in relation to the effectiveness thereof
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 5 of chapter 376 of the laws of 1998 amending the public authorities law relating to the powers of the Educational Housing Services Inc., as amended by chapter 294 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].
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10712-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend chapter 376 of the laws of 1998 amending the public authorities law relating to the powers of the Educational Housing Services Inc., in relation to the effectiveness thereof
Purpose or general idea of bill
To make permanent the powers granted to Educational Housing Services, Inc.
Summary of provisions
Section one of this bill amends Section 5 of Chapter 376 of the Laws of 1998 by striking the sunset date.
Section two of this bill provides that this act shall take effect immediately.
Justification
Educational Housing Services Inc., a not-for-profit organization, has provided dormitory housing to college and university students in New York City for over 25 years. It currently utilizes properties in Manhattan and Brooklyn and has an inventory of over 4,400 beds serving 10,000 students annually. Educational Housing Services, Inc. does not own these residences but rather leases buildings or portions thereof. The one exception is the dormitory constructed for the uptown CUNY campus in 2005, which was financed with DASNY bonds. Currently 25 institutions of higher education utilize Educational Housing Services Inc. housing. The economy of the downstate region and the 110,000 jobs generated by these colleges is directly linked to the ability of Educational Housing Services Inc. to meet the needs of the institutions it serves. There is a dramatic need for student housing in New York City due to the fact that almost 500,000 students are enrolled in colleges in this region. Educational Housing Services Inc. is the only non-profit organization that is directly meeting the enormous demand for student housing.
Since 1998, the legislature has granted Educational Housing Services Inc. the ability to use DASNY in order to finance student housing projects. The original grant of power to Educational Housing Services Inc. was for five year periods commencing in 1998, and extended at the legislative sessions of 2003, 2008 and 2013. The five-year restriction has inhibited Educational Housing Services Inc. from entering into leases for a longer period beyond the five-year limit. This legislation would eliminate the five-year restriction. Educational Housing Services Inc. is not seeking a special privilege, as there are 227 organizations whose ability to utilize DASNY is not subject to any sunset language.
Educational Housing Services Inc., in cooperation with the office of the Attorney General, has undergone a complete restructuring with a new board whose members, and its CEO, are individuals who are very experienced in the fields of education, finance, real estate, public private partnerships and public service.
This bill allows Educational Housing Services Inc. to continue its utilization of Section 1676 of the Public Authorities Law on a permanent basis, as the current expiration date does not allow long term planning for the creation of student dormitories.
Prior legislative history
New bill
Fiscal implications
To be determined.
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.