senate Bill S6639

Signed By Governor
2011-2012 Legislative Session

Relates to special powers of the New York State environmental facilities corporation

download bill text pdf

Sponsored By

Archive: Last Bill Status -

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

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view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 31, 2012 signed chap.65
May 21, 2012 delivered to governor
May 07, 2012 returned to senate
passed assembly
ordered to third reading cal.532
substituted for a9786
Apr 19, 2012 referred to environmental conservation
delivered to assembly
passed senate
Mar 29, 2012 advanced to third reading
Mar 28, 2012 2nd report cal.
Mar 27, 2012 1st report cal.463
Mar 07, 2012 referred to environmental conservation

S6639 - Details

See Assembly Version of this Bill:
Law Section:
Environmental Conservation Law
Laws Affected:
Amd §17-1909, En Con L

S6639 - Summary

Relates to special powers of the New York State environmental facilities corporation.

S6639 - Sponsor Memo

S6639 - Bill Text download pdf

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


                            I N  S E N A T E

                              March 7, 2012

Introduced  by Sen. GRISANTI -- (at request of the Environmental Facili-
  ties Corporation) -- read twice and ordered printed, and when  printed
  to be committed to the Committee on Environmental Conservation

AN  ACT  to amend the environmental conservation law, in relation to the
  special powers of the New York state environmental  facilities  corpo-


  Section 1. Paragraph a of subdivision 3  of  section  17-1909  of  the
environmental conservation law, as amended by chapter 279 of the laws of
2009, is amended to read as follows:
  a.  The corporation is authorized to promulgate regulations, developed
in consultation with the commissioner and the director of  the  division
of  the  budget,  for  the  purpose of carrying out its responsibilities
under this section, including establishing criteria  and  standards  for
determining  the amount of financial assistance to a municipality for an
eligible project. To the extent financial assistance to  a  municipality
for an eligible project is provided as a loan from the proceeds of bonds
or  notes  of the corporation, the amount of an allocation applicable to
the portion of such eligible project financed with such loan  shall  be,
subject to such maximum financial limitations as may otherwise be neces-
sary and prescribed by the commissioner and the director of the division
of  the  budget,  thirty-three  and  one-third  percent of the principal
amount of such loan outstanding at any time for such  eligible  project,
to  the  extent reasonably practicable, and subject to such deviation as
may be necessary, in connection with the administration  and  investment
of  moneys  in  the  fund,  unless  allocations in differing amounts are
necessary to preclude a determination by the commissioner or the  corpo-
ration  pursuant  to paragraph e of subdivision eight of this section or
unless an allocation in a differing amount is required for an innovative
technology demonstration project; provided, however, that in the case of
any municipality which has, during the period commencing on June  first,
nineteen  hundred  ninety-two  and  ending  on September thirtieth, [two
thousand twelve] TWO THOUSAND FIFTEEN, (i) submitted an application  for

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


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