senate Bill S5698

Authorizes the dormitory authority to finance facilities for Inner Harbor Project

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Sponsor

Bill Status


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

  • 05 / Jun / 2013
    • REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • 18 / Jun / 2013
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 18 / Jun / 2013
    • ORDERED TO THIRD READING CAL.1463
  • 21 / Jun / 2013
    • RECOMMITTED TO RULES
  • 08 / Jan / 2014
    • REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Summary

Authorizes the dormitory authority to finance facilities for Inner Harbor Project.

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Bill Details

See Assembly Version of this Bill:
A7917
Versions:
S5698
Legislative Cycle:
2013-2014
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยงยง1676 & 1680, Pub Auth L

Sponsor Memo

BILL NUMBER:S5698

TITLE OF BILL: An act to amend the public authorities law, in
relation to authorizing the financing of facilities by the dormitory
authority for Inner Harbor Project

PURPOSE:

This bill would authorize the dormitory authority to finance
facilities at the Inner Harbor Project

SUMMARY OF PROVISIONS:

Section 1- Amends paragraph (b) of subdivision 2 of section 1676 of
the public authorities law by adding a new undesignated paragraph to
read as follows: Inner Harbor Project.

Section 2 - Amends subdivision 1 of section 1680 of the public
authorities law by adding a new undesignated paragraph to read as
follows: Inner Harbor Project.

Section 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 Inner Harbor Project shall be deemed, for purposes of this
act, a contracting agency as that term is used in such article.

Section 4 - Effective date.

JUSTIFICATION:

The City of Syracuse seeks to renovate the Syracuse Inner Harbor and
has entered into an agreement with the Canal Corporation and a private
developer to do so.

This bill will facilitate this revitalization by authorizing the
Dormitory Authority to issue bonds to secure the necessary revenue for
the Syracuse Inner Harbor project which will result in long term
economic benefits for the City.

LEGISLATIVE HISTORY:

New bill

FISCAL IMPLICATIONS:

None

EFFECTIVE DATE:

This act shall take effect immediately.

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

                                  5698

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              June 5, 2013
                               ___________

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

AN ACT to amend the public authorities law, in relation  to  authorizing
  the  financing  of  facilities  by  the  dormitory authority for Inner
  Harbor Project

  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:
  INNER HARBOR PROJECT.
  S 2. Subdivision 1 of section 1680 of the public  authorities  law  is
amended by adding a new undesignated paragraph to read as follows:
  INNER HARBOR PROJECT.
  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 Inner Harbor
Project shall be deemed, for purposes of this act, a contracting  agency
as that term is used in such article.
  S 4. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11392-01-3

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