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Senate Bill S5806

Vetoed By Governor

2009-2010 Legislative Session

Provides for the payment of capital construction aid by the education department to the Randolph Academy union free school district for a certain project

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Archive: Last Bill Status - Vetoed by Governor

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2009-S5806 - Details

Law Section:
Education

2009-S5806 - Summary

Provides for the payment of capital construction aid by the education department to the Randolph Academy union free school district for a certain project; authorizes such school district to issue revenue anticipation notes in the interim.

2009-S5806 - Sponsor Memo

2009-S5806 - Bill Text download pdf

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

                                  5806

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              June 5, 2009
                               ___________

Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to authorize the education department to  provide  state  capital
  construction  aid  to the Randolph Academy union free school district,
  and to authorize such school district to  issue  revenue  anticipation
  bonds

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

  Section 1. Notwithstanding any other provision of law to the contrary,
for the apportionment of aid to the Randolph Academy union  free  school
district  pursuant  to section 4 of chapter 566 of the laws of 1967, the
apportionment for project 0002-005 shall be computed in accordance  with
subdivision  6-f  of section 3602 of the education law, and such project
shall be deemed to be an eligible  building  project  pursuant  to  such
subdivision 6-f, and approved expenditures incurred within a school year
for  such project shall be deemed to be base year capital outlays eligi-
ble for an apportionment pursuant to such subdivision 6-f,  except  that
for  the  purpose of such computation an aid ratio of forty-nine percent
(0.49) shall be used.
  S 2.  Notwithstanding subparagraph 1 of paragraph c and paragraph d of
section 25.00 of the local finance law, the Randolph Academy union  free
school  district,  is  hereby  authorized  to issue revenue anticipation
notes in anticipation of the receipt of state aid payments made or to be
made pursuant to section one of this act, in an amount not to exceed the
approved cost of such project 0002-005.  The  proceeds  of  any  revenue
anticipation  notes  authorized  by  this  act  shall  be  spent for the
approved costs of such project, and the receipt of state aid payments to
such school district shall first  be  used  for  payments  of  any  debt
incurred pursuant to this section.
  S 3. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14232-01-9

              

2009-S5806A - Details

Law Section:
Education

2009-S5806A - Summary

Provides for the payment of capital construction aid by the education department to the Randolph Academy union free school district for a certain project; authorizes such school district to issue revenue anticipation notes in the interim.

2009-S5806A - Sponsor Memo

2009-S5806A - Bill Text download pdf

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

                                 5806--A

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              June 5, 2009
                               ___________

Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
  printed to be  committed  to  the  Committee  on  Rules  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  authorize the education department to provide state capital
  construction aid to the Randolph Academy union free  school  district,
  and  to  authorize  such school district to issue revenue anticipation
  bonds

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

  Section 1. Notwithstanding any other provision of law to the contrary,
for  the  apportionment of aid to the Randolph Academy union free school
district pursuant to section 4 of chapter 566 of the laws of  1967,  the
apportionment  for project 0002-005 shall be computed in accordance with
subdivision 6-f of section 3602 of the education law, and  such  project
shall  be  deemed  to  be  an eligible building project pursuant to such
subdivision 6-f, and approved expenditures incurred within a school year
for such project shall be deemed to be base year capital outlays  eligi-
ble  for  an apportionment pursuant to such subdivision 6-f, except that
for the purpose of such computation an aid ratio of  forty-nine  percent
(0.49) shall be used.
  S  2.  Notwithstanding  the  provisions  of section 25.00 of the local
finance law, or any other provision of the  local  finance  law  or  the
education  law  to  the contrary, the Randolph Academy union free school
district is hereby authorized to issue revenue anticipation  notes,  and
renewals  thereof,  during its fiscal years beginning July 1, 2009, July
1, 2010 and July 1, 2011, in anticipation of the receipt  of  the  total
state  aid  payments,  tuition  payments or other payments made or to be
made to such district pursuant to section one of this act  or  otherwise
in  connection  with or as a result of such project 0002-005. Such notes
may be issued in an amount not to exceed the total cost of such project,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14232-02-9
              

2009-S5806B - Details

Law Section:
Education

2009-S5806B - Summary

Provides for the payment of capital construction aid by the education department to the Randolph Academy union free school district for a certain project; authorizes such school district to issue revenue anticipation notes in the interim.

2009-S5806B - Sponsor Memo

2009-S5806B - Bill Text download pdf

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

                                 5806--B

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              June 5, 2009
                               ___________

Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
  printed to be  committed  to  the  Committee  on  Rules  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  --  recommitted  to the Committee on Education in
  accordance with Senate Rule 6, sec. 8 --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to authorize the education department to  provide  state  capital
  construction  aid  to the Randolph Academy union free school district,
  and to authorize such school district to  issue  revenue  anticipation
  bonds

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

  Section 1. Notwithstanding any other provision of law to the contrary,
for the apportionment of aid to the Randolph Academy union  free  school
district  pursuant  to section 4 of chapter 566 of the laws of 1967, the
apportionment for project 0002-005 shall be computed in accordance  with
subdivision  6-f  of section 3602 of the education law, and such project
shall be deemed to be an eligible  building  project  pursuant  to  such
subdivision 6-f, and approved expenditures incurred within a school year
for  such project shall be deemed to be base year capital outlays eligi-
ble for an apportionment pursuant to such subdivision 6-f,  except  that
for  the  purpose of such computation an aid ratio of forty-nine percent
(0.49) shall be used.
  S 2. Notwithstanding the provisions of  section  25.00  of  the  local
finance  law,  or  any  other  provision of the local finance law or the
education law to the contrary, the Randolph Academy  union  free  school
district  is  hereby authorized to issue revenue anticipation notes, and
renewals thereof, during its fiscal years beginning July 1,  2010,  July
1,  2011  and  July 1, 2012, in anticipation of the receipt of the total
state aid payments, tuition payments or other payments  made  or  to  be

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14232-04-0
              

2009-S5806C (ACTIVE) - Details

Law Section:
Education

2009-S5806C (ACTIVE) - Summary

Provides for the payment of capital construction aid by the education department to the Randolph Academy union free school district for a certain project; authorizes such school district to issue revenue anticipation notes in the interim.

2009-S5806C (ACTIVE) - Sponsor Memo

2009-S5806C (ACTIVE) - Bill Text download pdf

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

                                 5806--C

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              June 5, 2009
                               ___________

Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
  printed to be  committed  to  the  Committee  on  Rules  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  --  recommitted  to the Committee on Education in
  accordance with Senate Rule 6, sec. 8 --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee --  committee  discharged,  bill  amended,  ordered  reprinted  as
  amended and recommitted to said committee

AN  ACT  to  authorize the education department to provide state capital
  construction aid to the Randolph Academy union free  school  district,
  and  to  authorize  such school district to issue revenue anticipation
  notes

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

  Section 1. Notwithstanding any other provision of law to the contrary,
for  the  apportionment of aid to the Randolph Academy union free school
district pursuant to section 4 of chapter 566 of the laws of  1967,  the
apportionment  for project 0002-005 shall be computed in accordance with
subdivision 6-f of section 3602 of the education law, and  such  project
shall  be  deemed  to  be  an eligible building project pursuant to such
subdivision, and approved expenditures incurred within a school year for
such project shall be deemed to be base year  capital  outlays  eligible
for  an  apportionment pursuant to such subdivision, except that for the
purpose of such computation an aid ratio of  forty-nine  percent  (0.49)
shall be used.
  S  2.  Notwithstanding  the  provisions  of section 25.00 of the local
finance law, or any other provision of the  local  finance  law  or  the
education  law  to  the contrary, the Randolph Academy union free school
district is hereby authorized to issue revenue anticipation  notes,  and
renewals  thereof,  during its fiscal years beginning July 1, 2010, July
1, 2011 and July 1, 2012, in anticipation of the receipt  of  the  total

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14232-06-0
              

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