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Senate Bill S1656A

2013-2014 Legislative Session

Establishes the "rebuild and renew public higher education facilities fund"

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Archive: Last Bill Status - In Senate Committee Infrastructure And Capital Investment Committee

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Bill Amendments

2013-S1656 - Details

Current Committee:
Senate Infrastructure And Capital Investment
Law Section:
State Finance Law
Laws Affected:
Add §99-v, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7338
2015-2016: S1616
2017-2018: S2549

2013-S1656 - Summary

Establishes the "rebuild and renew public higher education facilities fund".

2013-S1656 - Sponsor Memo

2013-S1656 - Bill Text download pdf 

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

                                  1656

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

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

AN ACT to amend the state finance law, in relation to  establishing  the
  "rebuild and renew public higher education facilities fund"

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

  Section 1. The state finance law is amended by adding  a  new  section
99-u to read as follows:
  S  99-U. REBUILD AND RENEW PUBLIC HIGHER EDUCATION FACILITIES FUND. 1.
THERE IS HEREBY ESTABLISHED IN THE JOINT  CUSTODY  OF  THE  STATE  COMP-
TROLLER  AND  THE COMMISSIONER OF TAXATION AND FINANCE A SPECIAL FUND TO
BE KNOWN AS THE "REBUILD AND RENEW PUBLIC  HIGHER  EDUCATION  FACILITIES
FUND."
  2.  THIS FUND SHALL CONTAIN ALL MONEYS APPROPRIATED BY THE LEGISLATURE
AND PROCEEDS RECEIVED FROM THE SALE OF STATE PERSONAL INCOME TAX REVENUE
BONDS BY AUTHORIZED  ISSUERS  PURSUANT  TO  SECTIONS  SIXTY-EIGHT-A  AND
SIXTY-EIGHT-B OF THIS CHAPTER. SUCH MONEYS SHALL BE USED ONLY TO PAY FOR
THE  COST  OF  UNANTICIPATED  EMERGENCY REPAIRS INCLUDING MAJOR FACILITY
REHABILITATION OR REPLACEMENT TO ANY PUBLIC  HIGHER  EDUCATION  FACILITY
CAUSED  BY  BUT  NOT LIMITED TO, FIRE, FLOOD, HAZARDOUS MATERIAL CONTAM-
INATION, INCLEMENT WEATHER, ACTS OF GOD  OR  ANY  OTHER  INCIDENT  WHICH
CAUSES UNANTICIPATED DAMAGE TO SUCH FACILITIES.
  3.  EXPENDITURES FROM THIS FUND SHALL BE MADE ONLY UPON THE WARRANT OF
A CHANCELLOR OF A PUBLIC HIGHER EDUCATION SYSTEM AND THE ISSUANCE  OF  A
CERTIFICATE OF AVAILABILITY OF FUNDS BY THE DIRECTOR OF THE BUDGET. SUCH
WARRANTS  AND  CERTIFICATES  SHALL BE FILED WITH THE CHAIR OF THE SENATE
FINANCE COMMITTEE, THE CHAIR OF THE ASSEMBLY WAYS  AND  MEANS  COMMITTEE
AND THE STATE COMPTROLLER.
  4. STATE PERSONAL INCOME TAX REVENUE BONDS ISSUED PURSUANT TO SECTIONS
SIXTY-EIGHT-A  AND  SIXTY-EIGHT-B  OF  THIS CHAPTER ARE AUTHORIZED TO BE

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

2013-S1656A (ACTIVE) - Details

Current Committee:
Senate Infrastructure And Capital Investment
Law Section:
State Finance Law
Laws Affected:
Add §99-v, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7338
2015-2016: S1616
2017-2018: S2549

2013-S1656A (ACTIVE) - Summary

Establishes the "rebuild and renew public higher education facilities fund".

2013-S1656A (ACTIVE) - Sponsor Memo

2013-S1656A (ACTIVE) - Bill Text download pdf 

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

                                 1656--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance -- recommitted  to
  the  Committee  on Infrastructure and Capital Investment in accordance
  with Senate Rule 6, sec. 8  --  committee  discharged,  bill  amended,
  ordered reprinted as amended and recommitted to said committee

AN  ACT  to amend the state finance law, in relation to establishing the
  "rebuild and renew public higher education facilities fund"

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

  Section  1.  The  state finance law is amended by adding a new section
99-v to read as follows:
  S 99-V. REBUILD AND RENEW PUBLIC HIGHER EDUCATION FACILITIES FUND.  1.
THERE  IS  HEREBY  ESTABLISHED  IN  THE JOINT CUSTODY OF THE STATE COMP-
TROLLER AND THE COMMISSIONER OF TAXATION AND FINANCE A SPECIAL  FUND  TO
BE  KNOWN  AS  THE "REBUILD AND RENEW PUBLIC HIGHER EDUCATION FACILITIES
FUND."
  2. THIS FUND SHALL CONTAIN ALL MONEYS APPROPRIATED BY THE  LEGISLATURE
AND PROCEEDS RECEIVED FROM THE SALE OF STATE PERSONAL INCOME TAX REVENUE
BONDS  BY  AUTHORIZED  ISSUERS  PURSUANT  TO  SECTIONS SIXTY-EIGHT-A AND
SIXTY-EIGHT-B OF THIS CHAPTER. SUCH MONEYS SHALL BE USED ONLY TO PAY FOR
THE COST OF UNANTICIPATED EMERGENCY  REPAIRS  INCLUDING  MAJOR  FACILITY
REHABILITATION  OR  REPLACEMENT  TO ANY PUBLIC HIGHER EDUCATION FACILITY
CAUSED BY BUT NOT LIMITED TO, FIRE, FLOOD,  HAZARDOUS  MATERIAL  CONTAM-
INATION,  INCLEMENT  WEATHER,  ACTS  OF  GOD OR ANY OTHER INCIDENT WHICH
CAUSES UNANTICIPATED DAMAGE TO SUCH FACILITIES.
  3. EXPENDITURES FROM THIS FUND SHALL BE MADE ONLY UPON THE WARRANT  OF
A  CHANCELLOR  OF A PUBLIC HIGHER EDUCATION SYSTEM AND THE ISSUANCE OF A
CERTIFICATE OF AVAILABILITY OF FUNDS BY THE DIRECTOR OF THE BUDGET. SUCH
WARRANTS AND CERTIFICATES SHALL BE FILED WITH THE CHAIR  OF  THE  SENATE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06207-02-4

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