NY State Senate Bill 2009-S7626

Senate Bill S7626

2009-2010 Legislative Session

Relates to the objects or purposes of certain bonds issued by the city of Buffalo for site improvements adjacent to All High stadium

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Archive: Last Bill Status - Stricken

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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 04, 2010	recommit, enacting clause stricken
Apr 27, 2010	referred to local government

co-Sponsors

2009-S7626 (ACTIVE) - Details

Law Section:: Buffalo, City of

2009-S7626 (ACTIVE) - Summary

Relates to the objects or purposes of certain bonds issued by the city of Buffalo for site improvements adjacent to All High stadium.

2009-S7626 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S7626

 TITLE OF BILL :
An act to deem the objects or purposes for which certain bonds were
issued by the city of Buffalo to be for site improvements adjacent to
All High stadium in said city and authorizing the expenditure of the
proceeds from such bonds for such objects or purposes


 PURPOSE :
The purpose of the bill is to deem the objects or purpose for which
certain bonds were issued by the city of Buffalo in the county of Erie
(the "City"), to be for site improvements adjacent to All High Stadium
in said city and to authorize the City to expend a $598,000 portion of
the proceeds of certain bonds issued on April 26, 2006 for such
purposes.

 SUMMARY OF PROVISIONS :
This bill, which would be effective immediately upon enactment, would
deem the objects or purposes for which certain bonds were issued by
the City on April 26, 2006 to be for site improvements adjacent to All
High Stadium in the City, to expand parking facilities and create a
buffer zone between the parking facilities and adjacent residences,
and to authorize the City to expend a $598,000 portion of the proceeds
from the issuance of such bonds for such objects or purposes.

 EXISTING LAW :
Section 165.00 of the Local Finance Law provides that the proceeds
from the issuance of bonds shall be expended only for the object or
purpose for which said bonds were issued or for the payment of
principal of and interest on said bonds.

 JUSTIFICATION :
The Common Council of the City adopted on February 7, 2006 a bond
resolution authorizing the issuance of City bonds in the amount of
$1,000,000 to finance the cost of land acquisition to expand the
existing site for P.S. 307, East High School at 820 Northampton
Street, in the City, including parcels listed in the Exhibit A
attached to such bond resolution, together with site acquisition and
infrastructure improvements. The City subsequently issued on April 26,
2006 $995,196.16 aggregate principal amount of bonds for such
purposes. Expenditure of a portion of the proceeds from such bonds was
not needed to finance such cost of land acquisition because the City
acquired certain of such parcels through in rem foreclosures and
auctions and transferred jurisdiction for school purposes to the
Buffalo City School District. The City desires to expend a $598,000
portion of the proceeds of such bond proceeds for site improvement
adjacent to All High Stadium in the City to expand parking facilities
and create a buffer zone between the parking facilities and adjacent
residences.  Notwithstanding any other provision of law to the
contrary, the passage of this act would enable the city to expend said
bond proceeds for the All High Stadium parking facilities purposes.

 LEGISLATIVE HISTORY :
New bill.

 FISCAL IMPLICATIONS :
No fiscal impact to the State.  The portion of the bonds for this
purpose was non-aidable and would continue to be non-aidable.

 EFFECTIVE DATE :
This act shall take effect immediately.

2009-S7626 (ACTIVE) - Bill Text download pdf

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

                                  7626

                            I N  S E N A T E

                             April 27, 2010
                               ___________

Introduced  by Sens. STACHOWSKI, VOLKER -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

AN ACT to deem the objects or purposes  for  which  certain  bonds  were
  issued  by the city of Buffalo to be for site improvements adjacent to
  All High stadium in said city and authorizing the expenditure  of  the
  proceeds from such bonds for such objects or purposes

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

  Section 1. Legislative findings. It is  hereby  found  and  determined
that:
  (a)  Pursuant  to a bond resolution dated February 7, 2006, adopted by
the Common Council of the City of Buffalo, county of Erie  (the  "Common
Council" and the "City," respectively) the City issued on April 26, 2006
bonds  in  the  aggregate principal amount of $995,196.16 to finance the
cost of land acquisition to expand the existing site for P.S. 307,  East
High  School  at  820 Northampton Street, in the City, including parcels
listed in the Exhibit A attached to such bond resolution, together  with
site acquisition and infrastructure improvements.
  (b)  The  Common  Council of the City has adopted a resolution stating
that expenditure of a portion of the proceeds from such  bonds  was  not
needed  to  finance  such  cost  of  land  acquisition  because the City
acquired certain  of  such  parcels  through  in  rem  foreclosures  and
auctions and transferred jurisdiction for school purposes to the Buffalo
City  School  District;  and  therefore  pursuant to such resolution the
Common Council has requested the enactment of special state  legislation
to  authorize  the  expenditure of a $598,000 portion of the proceeds of
such bonds for site improvements adjacent to All  High  Stadium  in  the
City  to  expand parking facilities and create a buffer zone between the
parking facilities and adjacent residences.
  S 2. Notwithstanding any other provision of law to the  contrary,  the
objects  or  purposes for which said bonds were issued are hereby deemed
to be site improvements adjacent to All High  Stadium  in  the  City  to
expand  parking  facilities and create a buffer zone between the parking

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

                                                           LBD16878-01-0

S. 7626                             2

facilities and adjacent residences and the expenditure of  the  $598,000
proceeds  of  such  bonds for such objects or purposes is hereby author-
ized, validated, confirmed and ratified.
  S  3.  If any clause, sentence, paragraph, section or part of this act
shall be adjudged by any court of competent jurisdiction to be  invalid,
such  judgment  shall  not  affect,  impair, or invalidate the remainder
thereof, but shall be confined in its operation to the clause, sentence,
paragraph, section, or part thereof directly involved in the controversy
in which such judgment shall have been rendered.
  S 4. This act shall take effect immediately.

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Senate Bill S7626

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Sponsored By

William T. Stachowski