Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 31, 2012 |
signed chap.66 delivered to governor |
May 30, 2012 |
returned to senate passed assembly ordered to third reading cal.660 substituted for a9634 |
May 14, 2012 |
referred to education delivered to assembly passed senate |
Apr 30, 2012 |
advanced to third reading |
Apr 26, 2012 |
2nd report cal. |
Apr 25, 2012 |
1st report cal.565 |
Mar 30, 2012 |
referred to education |
Senate Bill S6870
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- 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
Actions
Votes
co-Sponsors
(R, IP) Senate District
(R) Senate District
(R, C, IP) Senate District
2011-S6870 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9634
- Law Section:
- Education
- Laws Affected:
- Amd ยง5, Chap 416 of 2007
2011-S6870 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6870 TITLE OF BILL: An act to amend section 5 of chapter 416 of the laws of 2007, establishing the city of Rochester and the board of education of the city school district of the city of Rochester school facilities modernization program act, in relation to establishing that debt payments for the Rochester school facilities modernization program shall not affect the city of Rochester's maintenance of effort requirements PURPOSE OR GENERAL IDEA OF BILL: This bill would provide the City of Rochester and the Rochester City School District with increased flexibility to meet the needs of its school children by providing alternative financing mechanisms for the reconstruction of up to thirteen school buildings. SUMMARY OF SPECIFIC PROVISION: Lines 14-21 of Section 5 of chapter 416 of the laws of 2007, establishing the city of Rochester and the board of education of the city school district of the city of Rochester school facilities modernization program act, is amended to read as follows: Payment of debt service on bonds, notes or other obligations issued to
2011-S6870 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6870 I N S E N A T E March 30, 2012 ___________ Introduced by Sens. ROBACH, ALESI, MAZIARZ, RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT to amend section 5 of chapter 416 of the laws of 2007, establish- ing the city of Rochester and the board of education of the city school district of the city of Rochester school facilities moderniza- tion program act, in relation to establishing that debt payments for the Rochester school facilities modernization program shall not affect the city of Rochester's maintenance of effort requirements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5 of chapter 416 of the laws of 2007, establishing the city of Rochester and the board of education of the city school district of the city of Rochester school facilities modernization program act, is amended to read as follows: S 5. Comprehensive school facilities modernization plan. Before formal selection of the projects occurs, the RSC board shall develop a comprehensive school facilities modernization plan recommending and outlining the projects it proposes to be potentially undertaken pursuant to this act. Such plan shall include: (a) an estimate of total costs to be financed, proposed financing plan, proposed method of financing, terms and conditions of the financing, estimated financing costs, and, if city general obligation bonds or notes are not proposed as the method of financing, a comparison of financing costs between such bonds or notes and the proposed method of financing. PAYMENT OF DEBT SERVICE ON BONDS, NOTES OR OTHER OBLIGATIONS ISSUED TO SECURE FINANCING OF NOT MORE THAN $325,000,000 FOR PROJECTS UNDERTAKEN PURSUANT TO THIS ACT SHALL NOT BE CONSIDERED WHEN DETERMINING THE "CITY AMOUNT" REQUIRED PURSUANT TO SUBPARAGRAPH (II) OF PARAGRAPH A OF SUBDIVISION 5-B OF SECTION 2576 OF THE EDUCATION LAW; PROVIDED, HOWEVER, THAT THIS PROVISION SHALL NOT OTHERWISE AFFECT THE DETERMINATION OF SAID "CITY AMOUNT" WITH RESPECT TO FUNDING UNRELATED TO PROJECTS UNDERTAKEN PURSUANT TO THIS ACT. The plan should also address what specific options would be used to ensure that sufficient resources exist to cover the local share of any such project EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.