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Assembly Bill A5408

2009-2010 Legislative Session

Provides dormitory authority financing for construction of buildings to be used as schools for Mesivta Torah Vodaath Rabbinical Seminary and Yeshivas Novominsk

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Archive: Last Bill Status - In Assembly Committee

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2009-A5408 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยงยง1676 & 1680, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: A3308
2013-2014: A5158

2009-A5408 (ACTIVE) - Summary

Provides dormitory authority financing for construction of buildings to be used as schools for Mesivta Torah Vodaath Rabbinical Seminary and Yeshivas Novominsk.

2009-A5408 (ACTIVE) - Bill Text download pdf 

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

                                  5408

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2009
                               ___________

Introduced  by  M.  of  A.  BRENNAN,  JACOBS, HIKIND, WEINSTEIN, ABBATE,
  CYMBROWITZ, COLTON, MAISEL -- read once and referred to the  Committee
  on Corporations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to providing for
  the financing and construction of capital facilities for Mesivta Torah
  Vodaath Rabbinical Seminary and Yeshivas Novominsk

  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 two new undesignated para-
graphs to read as follows:
  MESIVTA   TORAH   VODAATH   RABBINICAL   SEMINARY,   AN   INDEPENDENT,
NOT-FOR-PROFIT  PRIVATE,  ACCREDITED  COLLEGE/SCHOOL OF HIGHER LEARNING,
THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN S
501(C)(3) OF THE INTERNAL REVENUE CODE FOR  THE  FINANCING,  ACQUISITION
AND  EQUIPPING OF A BUILDING TO BE LOCATED AT 425 EAST 9TH STREET, KINGS
COUNTY, NEW YORK TO BE USED AS A SCHOOL.
  YESHIVAS NOVOMINSK, AN INDEPENDENT, NOT-FOR-PROFIT PRIVATE, ACCREDITED
COLLEGE/SCHOOL OF HIGHER LEARNING, THAT IS EXEMPT  FROM  FEDERAL  INCOME
TAX  AS AN ORGANIZATION DESCRIBED IN S 501(C)(3) OF THE INTERNAL REVENUE
CODE FOR THE FINANCING, ACQUISITION AND EQUIPPING OF A  BUILDING  TO  BE
LOCATED  AT  1690  60TH  STREET,  KINGS COUNTY, NEW YORK TO BE USED AS A
SCHOOL.
  S 2. Subdivision 1 of section 1680 of the public  authorities  law  is
amended by adding two new undesignated paragraphs to read as follows:
  MESIVTA   TORAH   VODAATH   RABBINICAL   SEMINARY,   AN   INDEPENDENT,
NOT-FOR-PROFIT PRIVATE, ACCREDITED COLLEGE/SCHOOL  OF  HIGHER  LEARNING,
THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN S
501(C)(3)  OF  THE  INTERNAL REVENUE CODE FOR THE FINANCING, ACQUISITION
AND EQUIPPING OF A BUILDING TO BE LOCATED AT 425 EAST 9TH STREET,  KINGS
COUNTY, NEW YORK TO BE USED AS A SCHOOL.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07384-01-9

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