senate Bill S5512

Signed by Governor

Authorizes the dormitory authority to construct and finance certain facilities of the Poly Prep Country Day School

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Sponsor

Bill Status


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

  • 27 / May / 2011
    • REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • 06 / Jun / 2011
    • 1ST REPORT CAL.1018
  • 07 / Jun / 2011
    • 2ND REPORT CAL.
  • 13 / Jun / 2011
    • ADVANCED TO THIRD READING
  • 14 / Jun / 2011
    • PASSED SENATE
  • 14 / Jun / 2011
    • DELIVERED TO ASSEMBLY
  • 14 / Jun / 2011
    • REFERRED TO WAYS AND MEANS
  • 15 / Jun / 2011
    • SUBSTITUTED FOR A8015
  • 15 / Jun / 2011
    • ORDERED TO THIRD READING RULES CAL.287
  • 15 / Jun / 2011
    • PASSED ASSEMBLY
  • 15 / Jun / 2011
    • RETURNED TO SENATE
  • 12 / Sep / 2011
    • DELIVERED TO GOVERNOR
  • 23 / Sep / 2011
    • SIGNED CHAP.580

Summary

Authorizes the dormitory authority to construct and finance certain facilities of the Poly Prep Country Day School.

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Bill Details

See Assembly Version of this Bill:
A8015
Versions:
S5512
Legislative Cycle:
2011-2012
Law Section:
Public Authorities Law
Laws Affected:
Amd ยงยง1676 & 1680, Pub Auth L

Sponsor Memo

BILL NUMBER:S5512

TITLE OF BILL:
An act
to amend the public authorities law, in relation to authorizing the
dormitory authority to construct and finance certain facilities of the
Poly Prep Country Day School

PURPOSE:
Allow for the refinancing and/or financing by the NYS Dormitory
Authority of projects associated with Poly Prep Country Day School in
Brooklyn, NY

JUSTIFICATION:
Poly Prep has successfully utilized state funding for previous
projects. The legislation will allow for the Dormitory Authority to
review projects for possible future financing.

LEGISLATIVE HISTORY:
New Bill.

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
Immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 5512                                                  A. 8015

                       2011-2012 Regular Sessions

                      S E N A T E - A S S E M B L Y

                              May 27, 2011
                               ___________

IN  SENATE -- Introduced by Sen. GOLDEN -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Corporations,
  Authorities and Commissions

IN ASSEMBLY -- Introduced by M. of A.  BROOK-KRASNY  --  read  once  and
  referred to the Committee on Corporations, Authorities and Commissions

AN  ACT  to amend the public authorities law, in relation to authorizing
  the dormitory authority to construct and finance certain facilities of
  the Poly Prep Country Day School

  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:
  POLY PREP COUNTRY DAY  SCHOOL,  FOR  THE  REFINANCING  OF  OUTSTANDING
INDEBTEDNESS,  THE  FINANCING  OR  REFINANCING,  OR REIMBURSEMENT OF THE
COSTS OF, THE ACQUISITION, DESIGN, CONSTRUCTION,  RECONSTRUCTION,  REHA-
BILITATION,  IMPROVEMENT,  FURNISHING  AND  EQUIPPING  OF,  OR OTHERWISE
PROVIDING FOR, THE POLY  PREP  COUNTRY  DAY  SCHOOL  AT  ITS  FACILITIES
LOCATED AT 9216 SEVENTH AVENUE AND/OR 50 PROSPECT PARK WEST IN BROOKLYN,
NEW  YORK,  TO  SERVE AS A SCHOOL FOR STUDENTS IN GRADES NURSERY THROUGH
TWELVE; PROVIDED, HOWEVER, THAT THE AGGREGATE SUM OF  ANY  BONDS  ISSUED
FOR SUCH PURPOSE SHALL NOT EXCEED FIFTEEN MILLION DOLLARS.
  S  2.  Subdivision  1 of section 1680 of the public authorities law is
amended by adding a new undesignated paragraph to read as follows:
  POLY PREP COUNTRY DAY  SCHOOL,  FOR  THE  REFINANCING  OF  OUTSTANDING
INDEBTEDNESS,  THE  FINANCING  OR  REFINANCING,  OR REIMBURSEMENT OF THE
COSTS OF, THE ACQUISITION, DESIGN, CONSTRUCTION,  RECONSTRUCTION,  REHA-
BILITATION,  IMPROVEMENT,  FURNISHING  AND  EQUIPPING  OF,  OR OTHERWISE
PROVIDING FOR, THE POLY  PREP  COUNTRY  DAY  SCHOOL  AT  ITS  FACILITIES
LOCATED AT 9216 SEVENTH AVENUE AND/OR 50 PROSPECT PARK WEST IN BROOKLYN,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11849-01-1

S. 5512                             2                            A. 8015

NEW  YORK,  TO  SERVE AS A SCHOOL FOR STUDENTS IN GRADES NURSERY THROUGH
TWELVE; PROVIDED, HOWEVER, THAT THE AGGREGATE SUM OF  ANY  BONDS  ISSUED
FOR SUCH PURPOSE SHALL NOT EXCEED FIFTEEN MILLION DOLLARS.
  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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