Senate Bill S3674

2009-2010 Legislative Session

Creates and implements the rebuild and renew New York state parks bond act of 2009

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Archive: Last Bill Status - In Senate Committee Cultural Affairs, Tourism, Parks And Recreation Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S3674 (ACTIVE) - Details

Current Committee:
Senate Cultural Affairs, Tourism, Parks And Recreation
Law Section:
Parks, Recreation and Historic Preservation Law
Laws Affected:
Add Art 18 §§18.01 - 18.13, Pks & Rec L; add §97-j, St Fin L

2009-S3674 (ACTIVE) - Summary

Creates and implements the rebuild and renew New York state parks bond act; establishes the rebuild and renew New York state parks bond fund.

2009-S3674 (ACTIVE) - Sponsor Memo

2009-S3674 (ACTIVE) - Bill Text download pdf

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

                                  3674

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             March 27, 2009
                               ___________

Introduced  by  Sens. FLANAGAN, HANNON, LAVALLE, MORAHAN, VOLKER -- read
  twice and ordered printed, and when printed to  be  committed  to  the
  Committee on Cultural Affairs, Tourism, Parks and Recreation

AN  ACT  creating the rebuild and renew New York state parks bond act of
  2009; to amend the parks, recreation and historic preservation law, in
  relation to implementing such bond act; and to amend the state finance
  law, in relation to creating the rebuild  and  renew  New  York  state
  parks bond fund

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

  Section 1. 1.  Short title. This section shall be  known  and  may  be
cited as the "rebuild and renew New York state parks bond act of 2009".
  2. Creation of a state debt. The creation of a state debt to an amount
not  exceeding  in  the  aggregate  up  to  five hundred million dollars
($500,000,000) is hereby authorized to provide moneys for  the  purposes
of  improving,  enhancing,  preserving  and restoring the quality of the
state's parks infrastructure by the planning and  design,  construction,
reconstruction, replacement, improvement, reconditioning, rehabilitation
and  preservation  of  the  lands and facilities of the office of parks,
recreation and historic preservation as well as the land and  facilities
within  the jurisdiction of the office of parks, recreation and historic
preservation.
  3. Bonds of the state. The state comptroller is hereby authorized  and
empowered  to issue and sell bonds of the state up to the amount of five
hundred million dollars ($500,000,000) for  the  purpose  of  this  act,
subject  to  the  provisions  of article 5 of the state finance law. The
aggregate principal amount of such bonds shall not exceed  five  hundred
million  dollars  ($500,000,000)  excluding  bonds  issued  to refund or
otherwise repay bonds heretofore  issued  for  such  purpose;  provided,
however,  that upon any such refunding or repayment, the total aggregate
principal amount of outstanding bonds may be greater than  five  hundred

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06735-01-9
              

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