senate Bill S3800

Signed By Governor
2013-2014 Legislative Session

Extends the authority of the New York State Association for Retarded Children, Inc. to maintain bonds

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Archive: Last Bill Status - Signed by Governor


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 07, 2013 signed chap.26
Apr 26, 2013 delivered to governor
Apr 23, 2013 returned to senate
passed assembly
ordered to third reading cal.151
substituted for a4844
Mar 25, 2013 referred to ways and means
delivered to assembly
passed senate
Mar 20, 2013 advanced to third reading
Mar 19, 2013 2nd report cal.
Mar 18, 2013 1st report cal.224
Feb 15, 2013 referred to corporations, authorities and commissions

Votes

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Mar 18, 2013 - Corporations, Authorities and Commissions committee Vote

S3800
6
0
committee
6
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: Mar 18, 2013

S3800 - Bill Details

See Assembly Version of this Bill:
A4844
Law Section:
Public Authorities
Laws Affected:
Amd ยง5, Chap 373 of 1998

S3800 - Bill Texts

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Extends the authority of the New York State Association for Retarded Children, Inc. to maintain bonds.

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BILL NUMBER:S3800

TITLE OF BILL: An act to amend chapter 373 of the laws of 1998,
amending the public authorities law relating to the powers of NYSARC,
Inc., in relation to extending the provisions of such chapter

PURPOSE OR GENERAL IDEA OF BILL: This bill would extend for an
additional five years the authority of NYSARC, Inc., formerly the New
York State Association for Retarded Children, Inc., to avail itself of
Dormitory Authority construction management and financial services.
NYSARC's current authority expires on December 31, 2013 and this would
extend it until December 31, 2018.

SUMMARY OF SPECIFIC PROVISIONS: This bill would amend section 5 of
chapter 373 of the laws of 1998 to change the effective date so that
NYSARC continues to have authority to avail itself of Dormitory
Authority construction and management financial services for another
five years.

JUSTIFICATION: NYSARC is a private, not-for-profit organization
dedicated to ensuring that persons with developmental disabilities
become active and contributing members of their communities. Since
NYSARC's authority to utilize Dormitory Authority construction and
management services was established, NYSARC has bonded over
$156,365,000 involving 343 projects and 367 loans through the state,
saving over $32 million in public funds. Expiration of NYSARC's
authority would undermine very substantial bond initiatives now
underway, resulting in lost savings to the state and lost funding to
reinvest in critical services to persons with developmental
disabilities. Future bond issues contingent on this legislation are
expected to continue to benefit both New York taxpayers and the
individuals and families NYSARC services.

PRIOR LEGISLATIVE HISTORY: New Bill

FISCAL IMPLICATIONS: By continuing to fund projects through tax exempt
financing New York State will save funds it would otherwise reimburse
NYSARC, Inc. chapters.

EFFECTIVE DATE: This act shall take effect immediately and shall
expire and be deemed repealed on December 31, 2018.

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

                                  3800

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 15, 2013
                               ___________

Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN  ACT  to  amend  chapter 373 of the laws of 1998, amending the public
  authorities law relating to the powers of NYSARC, Inc., in relation to
  extending the provisions of such chapter

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

  Section  1. Section 5 of chapter 373 of the laws of 1998, amending the
public authorities law relating  to  the  powers  of  NYSARC,  Inc.,  as
amended  by  chapter  194  of  the  laws  of 2008, is amended to read as
follows:
  S 5. This act shall take effect immediately and shall  expire  and  be
deemed repealed on December 31, [2013] 2018.
  S 2. Any contracts entered into by the dormitory authority pursuant to
this act shall be deemed state contracts within the meaning of that term
as  set  forth  in  article 15-A of the executive law, and the authority
shall be deemed, for the purposes of this act, a contracting  agency  as
that term is used in such article.
  S 3. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08476-01-3

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