senate Bill S2653C

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

See Assembly Version of this Bill:
A6361C
Versions:
S2653
S2653A
S2653B
S2653C
Legislative Cycle:
2009-2010
Law Section:
Public Authorities Law
Laws Affected:
Amd ยงยง1676 & 1680, Pub Auth L

Sponsor Memo

BILL NUMBER: S2653C

TITLE OF BILL :
An act to amend the public authorities law, in relation to the
construction and financing of facilities by the dormitory authority
for the Alliance of Long Island Agencies, Inc.

PURPOSE :
To authorize the NYS Dormitory Authority to provide financing for
construction and reconstruction of educational, administrative, day
program 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--C
    Cal. No. 367

                       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  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to  said  committee  --  reported
  favorably  from  said  committee  and  committed  to  the Committee on
  Finance -- reported favorably from said committee,  ordered  to  first
  and  second  report,  ordered  to a third reading, amended and ordered
  reprinted, retaining its place in the order of third reading --  again
  amended  and  ordered  reprinted,  retaining its place in the order of
  third reading

AN ACT  to  amend  the  public  authorities  law,  in  relation  to  the
  construction  and  financing  of facilities by the dormitory authority
  for the 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 THE ALLIANCE OF LONG ISLAND AGENCIES,  INC.,
FOR   THE  ACQUISITION,  FINANCING,  REFINANCING,  CONSTRUCTION,  RECON-
STRUCTION, 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 THE ALLIANCE OF LONG ISLAND AGENCIES,  INC.,
FOR   THE  ACQUISITION,  FINANCING,  REFINANCING,  CONSTRUCTION,  RECON-
STRUCTION, RENOVATION, DEVELOPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING
OF CERTAIN EDUCATIONAL,  ADMINISTRATIVE,  DAY  PROGRAM  AND  RESIDENTIAL
FACILITIES  TO BE LOCATED IN THE STATE OF NEW YORK.  NOTWITHSTANDING ANY
OTHER PROVISION OF LAW, NOT-FOR-PROFIT MEMBERS OF THE ALLIANCE  OF  LONG

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09788-05-9

S. 2653--C                          2

ISLAND  AGENCIES, INC. SHALL HAVE FULL POWER AND AUTHORITY TO ASSIGN AND
PLEDGE TO THE DORMITORY AUTHORITY, ANY AND ALL PUBLIC FUNDS TO BE APPOR-
TIONED OR OTHERWISE MADE PAYABLE BY THE UNITED STATES, ANY AGENCY THERE-
OF,  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 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  DORMI-
TORY  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
that term is used in such article.
  S 4. This act shall take effect immediately.

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