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 Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 17, 2014 print number 1656a
amend and recommit to infrastructure and capital investment
Jan 08, 2014 referred to infrastructure and capital investment
Apr 30, 2013 reported and committed to finance
Feb 01, 2013 committee discharged and committed to infrastructure and capital investment
Jan 09, 2013 referred to finance

Bill Amendments

Original
A (Active)
Original
A (Active)

S1656 - Bill Details

Current Committee:
Law Section:
State Finance Law
Laws Affected:
Add §99-v, St Fin L
Versions Introduced in 2011-2012 Legislative Session:
S7338

S1656 - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S1656

TITLE OF BILL:
An act
to amend the state finance law, in relation to establishing the
"rebuild and renew public higher education facilities fund"

PURPOSE:
To establish a fund in the joint custody of the State Comptroller and
Commissioner of Taxation and Finance to pay for the costs of
unanticipated emergency repairs to public higher education.

SUMMARY OF PROVISIONS:

Section 1 amends the state finance law to add a new section to
establish the "rebuild and renew public higher education facilities
fund".

Section 2 sets forth the effective date.

JUSTIFICATION:
The recent floods, as a result of hurricane Irene and campus based
fires have caused considerable damage at Binghamton. Cobleskill,
Delhi and Canton. As a result. these campuses are faced with the
prospect of undertaking extensive unanticipated repairs and
reconstruction of critical campus facilities. Currently, these
campuses have no source to fund these repairs other than capital
funds already appropriated and dedicated to approved projects, thus
those projects must be postponed or cancelled. This legislation would
create a fund subject to appropriation to meet these emergency needs.

LEGISLATIVE HISTORY: 2012 5.7338.

FISCAL IMPLICATIONS: To be determined.

EFFECTIVE DATE:
Immediately and shall be deemed to have been in full force and effect
on and after January 1, 2011.

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                    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.
                                                           LBD06207-01-3

S. 1656                             2

SOLD TO REIMBURSE THE STATE FOR EXPENDITURES MADE FOR THE  PURPOSES  SET
FORTH IN SUBDIVISION TWO OF THIS SECTION.
  S  2.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect on and after January 1, 2011.

S1656A (ACTIVE) - Bill Details

Current Committee:
Law Section:
State Finance Law
Laws Affected:
Add §99-v, St Fin L
Versions Introduced in 2011-2012 Legislative Session:
S7338

S1656A (ACTIVE) - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S1656A

TITLE OF BILL: An act to amend the state finance law, in relation to
establishing the "rebuild and renew public higher education facilities
fund"

PURPOSE:

To establish a fund in the joint custody of the State Comptroller and
Commissioner of Taxation and Finance to pay for the costs of
unanticipated emergency repairs to public higher education.

SUMMARY OF PROVISIONS:

Section 1 amends the state finance law to add a new section to
establish the "rebuild and renew public higher education facilities
fund".

Section 2 sets forth the effective date.

JUSTIFICATION:

The recent floods, as a result of hurricane Irene and campus based
fires have caused considerable damage at Binghamton, Cobleskill, Delhi
and Canton. As a result, these campuses are faced with the prospect of
undertaking extensive unanticipated repairs and reconstruction of
critical campus facilities. Currently, these campuses have no source
to fund these repairs other than capital funds already appropriated
and dedicated to approved projects, thus those projects must be
postponed or cancelled. This legislation would create a fund subject
to appropriation to meet these emergency needs.

LEGISLATIVE HISTORY:

2012 S.7338.

FISCAL IMPLICATIONS:

To be determined.

EFFECTIVE DATE:

Immediately and shall be deemed to have been in full force and effect
on and after January 1, 2014.

view full 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

S. 1656--A                          2

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
SOLD TO REIMBURSE THE STATE FOR EXPENDITURES MADE FOR THE  PURPOSES  SET
FORTH IN SUBDIVISION TWO OF THIS SECTION.
  S  2.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect on and after January 1, 2014.

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