senate Bill S3800

Signed by Governor

Extends the authority of the New York State Association for Retarded Children, Inc. to maintain bonds

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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

  • 15 / Feb / 2013
    • REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • 18 / Mar / 2013
    • 1ST REPORT CAL.224
  • 19 / Mar / 2013
    • 2ND REPORT CAL.
  • 20 / Mar / 2013
    • ADVANCED TO THIRD READING
  • 25 / Mar / 2013
    • PASSED SENATE
  • 25 / Mar / 2013
    • DELIVERED TO ASSEMBLY
  • 25 / Mar / 2013
    • REFERRED TO WAYS AND MEANS
  • 23 / Apr / 2013
    • SUBSTITUTED FOR A4844
  • 23 / Apr / 2013
    • ORDERED TO THIRD READING CAL.151
  • 23 / Apr / 2013
    • PASSED ASSEMBLY
  • 23 / Apr / 2013
    • RETURNED TO SENATE
  • 26 / Apr / 2013
    • DELIVERED TO GOVERNOR
  • 07 / May / 2013
    • SIGNED CHAP.26

Summary

Extends the authority of the New York State Association for Retarded Children, Inc. to maintain bonds.

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Bill Details

See Assembly Version of this Bill:
A4844
Versions:
S3800
Legislative Cycle:
2013-2014
Law Section:
Public Authorities
Laws Affected:
Amd ยง5, Chap 373 of 1998

Sponsor Memo

BILL NUMBER:S3800

TITLE OF BILL: An act to amend chapter 373 of the laws of 1998,
amending the public authorities law relating to the powers of NYSARC,
Inc., in relation to extending the provisions of such chapter

PURPOSE OR GENERAL IDEA OF BILL: This bill would extend for an
additional five years the authority of NYSARC, Inc., formerly the New
York State Association for Retarded Children, Inc., to avail itself of
Dormitory Authority construction management and financial services.
NYSARC's current authority expires on December 31, 2013 and this would
extend it until December 31, 2018.

SUMMARY OF SPECIFIC PROVISIONS: This bill would amend section 5 of
chapter 373 of the laws of 1998 to change the effective date so that
NYSARC continues to have authority to avail itself of Dormitory
Authority construction and management financial services for another
five years.

JUSTIFICATION: NYSARC is a private, not-for-profit organization
dedicated to ensuring that persons with developmental disabilities
become active and contributing members of their communities. Since
NYSARC's authority to utilize Dormitory Authority construction and
management services was established, NYSARC has bonded over
$156,365,000 involving 343 projects and 367 loans through the state,
saving over $32 million in public funds. Expiration of NYSARC's
authority would undermine very substantial bond initiatives now
underway, resulting in lost savings to the state and lost funding to
reinvest in critical services to persons with developmental
disabilities. Future bond issues contingent on this legislation are
expected to continue to benefit both New York taxpayers and the
individuals and families NYSARC services.

PRIOR LEGISLATIVE HISTORY: New Bill

FISCAL IMPLICATIONS: By continuing to fund projects through tax exempt
financing New York State will save funds it would otherwise reimburse
NYSARC, Inc. chapters.

EFFECTIVE DATE: This act shall take effect immediately and shall
expire and be deemed repealed on December 31, 2018.

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

                                  3800

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 15, 2013
                               ___________

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

AN  ACT  to  amend  chapter 373 of the laws of 1998, amending the public
  authorities law relating to the powers of NYSARC, Inc., in relation to
  extending the provisions of such chapter

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

  Section  1. Section 5 of chapter 373 of the laws of 1998, amending the
public authorities law relating  to  the  powers  of  NYSARC,  Inc.,  as
amended  by  chapter  194  of  the  laws  of 2008, is amended to read as
follows:
  S 5. This act shall take effect immediately and shall  expire  and  be
deemed repealed on December 31, [2013] 2018.
  S 2. 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 3. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08476-01-3

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