senate Bill S2653

Amended

Relates to construction and financing of facilities by dormitory authority for Alliance of Long Island Agencies, Inc.

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 26 / Feb / 2009
    • REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • 30 / Mar / 2009
    • AMEND (T) AND RECOMMIT TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • 30 / Mar / 2009
    • PRINT NUMBER 2653A
  • 06 / May / 2009
    • REPORTED AND COMMITTED TO FINANCE
  • 19 / May / 2009
    • 1ST REPORT CAL.367
  • 20 / May / 2009
    • 2ND REPORT CAL.
  • 26 / May / 2009
    • ADVANCED TO THIRD READING
  • 01 / Jun / 2009
    • AMENDED ON THIRD READING 2653B
  • 09 / Jul / 2009
    • AMENDED ON THIRD READING (T) 2653C
  • 15 / Jul / 2009
    • SUBSTITUTED BY A6361C

Summary

Relates to the construction and financing of facilities by the dormitory authority for the Alliance of Long Island Agencies, Inc.

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Bill Details

Versions:
S2653
S2653A
S2653B
S2653C
Legislative Cycle:
2009-2010
Laws Affected:
Amd ยงยง1676 & 1680, Pub Auth L

Sponsor Memo

BILL NUMBER: S2653

TITLE OF BILL :
An act to amend the public authorities law, in relation to expanding
the definition of educational institution to include Alliance of Long
Island Agencies, Inc.


PURPOSE :
To authorize the NYS Dormitory Authority to provide financing for
construction and reconstruction of educational, administrative and
residential facilities in the state by the Alliance for Long Island
Agencies, Inc.

SUMMARY OF PROVISIONS :
The bill amends section 1676 subdivision 2 paragraph (b) and section
1680 subdivision 1 of the public authority law to include the Alliance
of Long Island Agencies, Inc. among those similarly situated groups
who are eligible to receive Dormitory Authority funding. It provides
for an immediate effective date.

EXISTING LAW :
Other similarly situated not-for-profit corporations are listed as
designated agencies to receive Dormitory Authority funding.

JUSTIFICATION :
The relatively small size of community agencies providing services to
people with disabilities has limited the agencies' access to financing
or, when financing has been available, has made it very expensive.
Allowing the Alliance of Long Island Agencies, Inc., a not-for-profit
corporation, to be included on the list of designated agencies to
receive dormitory authority funding will enable such service providers
to join together to achieve economies of scale and lower rates of
financing.

By blending together agencies of diverse size and location who offer
substantially similar services, the agencies will be able to acquire
financing for much needed expansion, renovation and construction at
more economical rates. Old debt incurred at high rates by the
individual agencies can be consolidated and replaced by refinancing at
much more favorable rates through Dormitory Authority support.

LEGISLATIVE HISTORY :
New Bill.

FISCAL IMPLICATIONS :
None.

EFFECTIVE DATE :
Immediately.
view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2653

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 26, 2009
                               ___________

Introduced  by  Sen. HUNTLEY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN ACT to amend the public authorities law, in relation to expanding the
  definition  of  educational  institution  to  include Alliance of Long
  Island Agencies, Inc.

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Paragraph  (b)  of  subdivision  2 of section 1676 of the
public authorities law is amended by adding a new undesignated paragraph
to read as follows:
  NOT-FOR-PROFIT MEMBERS OF ALLIANCE OF LONG ISLAND AGENCIES, INC.,  FOR
THE  ACQUISITION,  FINANCING, REFINANCING, CONSTRUCTION, RECONSTRUCTION,
RENOVATION, DEVELOPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF CERTAIN
EDUCATIONAL, ADMINISTRATIVE, DAY PROGRAM AND RESIDENTIAL  FACILITIES  TO
BE LOCATED IN THE STATE OF NEW YORK.
  S  2.  Subdivision  1 of section 1680 of the public authorities law is
amended by adding a new undesignated paragraph to read as follows:
  NOT-FOR-PROFIT MEMBERS OF ALLIANCE OF LONG ISLAND AGENCIES, INC.,  FOR
THE  ACQUISITION,  FINANCING, REFINANCING, CONSTRUCTION, RECONSTRUCTION,
RENOVATION, DEVELOPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF CERTAIN
EDUCATIONAL, ADMINISTRATIVE, DAY PROGRAM AND RESIDENTIAL  FACILITIES  TO
BE  LOCATED  IN  THIS STATE. NOTWITHSTANDING ANY OTHER PROVISION OF LAW,
NOT-FOR-PROFIT MEMBERS OF THE ALLIANCE OF  LONG  ISLAND  AGENCIES,  INC.
SHALL HAVE FULL POWER AND AUTHORITY TO ASSIGN AND PLEDGE TO THE DORMITO-
RY  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,  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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09788-01-9

S. 2653                             2

LEASE, SUBLEASE OR OTHER AGREEMENT ENTERED INTO BETWEEN SUCH MEMBERS AND
THE DORMITORY AUTHORITY. ALL STATE AND LOCAL OFFICERS ARE HEREBY AUTHOR-
IZED  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 ISSUED,  PURSUANT
TO  A  CERTIFICATE  FILED  WITH  ANY  SUCH STATE OR LOCAL OFFICER BY THE
DORMITORY AUTHORITY PURSUANT TO THE PROVISIONS OF THIS SECTION.
  S 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  the  authority
shall  be  deemed, for the purposes of this act, a contracting agency as
the term is used in such article.
  S 4. The expiration and repeal of sections one, two and three of  this
act  shall  not  affect or impair in any manner any bonds issued, or any
loan made to any borrower, pursuant to the provisions of this act  prior
to the expiration of such sections.
  S 5. This act shall take effect immediately.

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