senate Bill S5698

2013-2014 Legislative Session

Authorizes the dormitory authority to finance facilities for Inner Harbor Project

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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 08, 2014 referred to corporations, authorities and commissions
Jun 21, 2013 recommitted to rules
Jun 18, 2013 ordered to third reading cal.1463
committee discharged and committed to rules
Jun 05, 2013 referred to corporations, authorities and commissions

Votes

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Jun 18, 2013 - Rules committee Vote

S5698
24
0
committee
24
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

S5698 - Bill Details

See Assembly Version of this Bill:
A7917
Current Committee:
Law Section:
Public Authorities Law
Laws Affected:
Amd ยงยง1676 & 1680, Pub Auth L

S5698 - Bill Texts

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Authorizes the dormitory authority to finance facilities for Inner Harbor Project.

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BILL NUMBER:S5698

TITLE OF BILL: An act to amend the public authorities law, in
relation to authorizing the financing of facilities by the dormitory
authority for Inner Harbor Project

PURPOSE:

This bill would authorize the dormitory authority to finance
facilities at the Inner Harbor Project

SUMMARY OF PROVISIONS:

Section 1- Amends paragraph (b) of subdivision 2 of section 1676 of
the public authorities law by adding a new undesignated paragraph to
read as follows: Inner Harbor Project.

Section 2 - Amends subdivision 1 of section 1680 of the public
authorities law by adding a new undesignated paragraph to read as
follows: Inner Harbor Project.

Section 3 - 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 Inner Harbor Project shall be deemed, for purposes of this
act, a contracting agency as that term is used in such article.

Section 4 - Effective date.

JUSTIFICATION:

The City of Syracuse seeks to renovate the Syracuse Inner Harbor and
has entered into an agreement with the Canal Corporation and a private
developer to do so.

This bill will facilitate this revitalization by authorizing the
Dormitory Authority to issue bonds to secure the necessary revenue for
the Syracuse Inner Harbor project which will result in long term
economic benefits for the City.

LEGISLATIVE HISTORY:

New bill

FISCAL IMPLICATIONS:

None

EFFECTIVE DATE:

This act shall take effect immediately.

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

                                  5698

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              June 5, 2013
                               ___________

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

AN ACT to amend the public authorities law, in relation  to  authorizing
  the  financing  of  facilities  by  the  dormitory authority for Inner
  Harbor Project

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

  Section  1.  Paragraph  (b)  of  subdivision  2 of section 1676 of the
public authorities law is amended by adding a new undesignated paragraph
to read as follows:
  INNER HARBOR PROJECT.
  S 2. Subdivision 1 of section 1680 of the public  authorities  law  is
amended by adding a new undesignated paragraph to read as follows:
  INNER HARBOR PROJECT.
  S 3. 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 Inner Harbor
Project shall be deemed, for purposes of this act, a contracting  agency
as that term is used in such article.
  S 4. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11392-01-3

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