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Senate Bill S1315

2009-2010 Legislative Session

Authorizes the dormitory authority to finance projects by certain not-for-profit corporations to further the purposes of the state university of New York

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Sponsored By

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

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2009-S1315 (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §§1676 & 1680, Pub Auth L

2009-S1315 (ACTIVE) - Summary

Authorizes the dormitory authority to finance projects by certain not-for-profit corporations organized by officers, employees, alumni or students of the state university of New York to further the purposes of the state university of New York.

2009-S1315 (ACTIVE) - Sponsor Memo

2009-S1315 (ACTIVE) - Bill Text download pdf 

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

                                  1315

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            January 28, 2009
                               ___________

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

AN  ACT  to amend the public authorities law, in relation to authorizing
  the dormitory authority  to  finance  the  acquisition,  construction,
  reconstruction,  renovation  and improvement of housing facilities for
  not-for-profit corporations and associations organized to further  the
  purposes of the state university of New York

  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:
  ANY  NOT-FOR-PROFIT  CORPORATION OR ASSOCIATION ORGANIZED BY OFFICERS,
EMPLOYEES, ALUMNI OR STUDENTS OF THE STATE UNIVERSITY  OF  NEW  YORK  TO
FURTHER  THE PURPOSES OF THE STATE UNIVERSITY OF NEW YORK, IN CONNECTION
WITH THE  FINANCING,  REFINANCING,  ACQUISITION,  DESIGN,  CONSTRUCTION,
RECONSTRUCTION,  REHABILITATION,  IMPROVEMENT,  FURNISHING AND EQUIPPING
OF, OR OTHERWISE PROVIDING  FOR,  HOUSING  FACILITIES  FOR  THE  USE  OF
STUDENTS, FACULTY AND STAFF OF THE STATE UNIVERSITY OF NEW YORK.
  S  2.  Subdivision  1 of section 1680 of the public authorities law is
amended by adding a new undesignated paragraph to read as follows:
  ANY NOT-FOR-PROFIT CORPORATION OR ASSOCIATION ORGANIZED  BY  OFFICERS,
EMPLOYEES,  ALUMNI  OR  STUDENTS  OF THE STATE UNIVERSITY OF NEW YORK TO
FURTHER THE PURPOSES OF THE STATE UNIVERSITY OF NEW YORK, IN  CONNECTION
WITH  THE  FINANCING,  REFINANCING,  ACQUISITION,  DESIGN, CONSTRUCTION,
RECONSTRUCTION, REHABILITATION, IMPROVEMENT,  FURNISHING  AND  EQUIPPING
OF,  OR  OTHERWISE  PROVIDING  FOR,  HOUSING  FACILITIES  FOR THE USE OF
STUDENTS, FACULTY AND  STAFF  OF  THE  STATE  UNIVERSITY  OF  NEW  YORK;
PROVIDED HOWEVER, THAT ANY SUCH HOUSING FACILITIES TO BE FINANCED, REFI-
NANCED,  ACQUIRED,  DESIGNED, CONSTRUCTED, RECONSTRUCTED, REHABILITATED,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07504-01-9

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