NY State Senate Bill 2013-S5211

Senate Bill S5211

Signed By Governor

2013-2014 Legislative Session

Relating to the powers of subsidiaries of the Educational Housing Services Inc.

download bill text pdf

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

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jul 31, 2013	signed chap.294
Jul 19, 2013	delivered to governor
Jun 19, 2013	returned to senate passed assembly ordered to third reading rules cal.458 substituted for a7412
Jun 11, 2013	referred to ways and means delivered to assembly passed senate
Jun 10, 2013	advanced to third reading
Jun 05, 2013	2nd report cal.
Jun 04, 2013	1st report cal.1113
May 14, 2013	referred to corporations, authorities and commissions

Votes

- Jun 11, 2013 - Floor Vote
  S5211
  
  62
  
  Aye
  
  0
  
  Nay
  
  0
  
  Absent
  
  1
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Jun 11, 2013
      
      aye (62)
      
      Adams
      
      Addabbo Jr.
      
      Avella
      
      Ball
      
      Bonacic
      
      Boyle
      
      Breslin
      
      Carlucci
      
      DeFrancisco
      
      Diaz
      
      Dilan
      
      Espaillat
      
      Farley
      
      Felder
      
      Flanagan
      
      Fuschillo
      
      Gallivan
      
      Gianaris
      
      Gipson
      
      Golden
      
      Griffo
      
      Grisanti
      
      Hannon
      
      Hassell-Thompson
      
      Hoylman-Sigal
      
      Kennedy
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Latimer
      
      Libous
      
      Little
      
      Marcellino
      
      Marchione
      
      Martins
      
      Maziarz
      
      Montgomery
      
      Nozzolio
      
      O'Brien
      
      O'Mara
      
      Parker
      
      Peralta
      
      Perkins
      
      Ranzenhofer
      
      Ritchie
      
      Rivera
      
      Robach
      
      Sampson
      
      Sanders Jr.
      
      Savino
      
      Serrano
      
      Seward
      
      Skelos
      
      Smith
      
      Stavisky
      
      Stewart-Cousins
      
      Tkaczyk
      
      Valesky
      
      Young
      
      Zeldin
      
      excused (1)
      
      Squadron
  Jun 4, 2013 - Corporations, Authorities And Commissions Committee Vote
  S5211
  
  6
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Corporations, Authorities And Commissions Committee Vote: Jun 4, 2013
      
      aye (6)
      
      Flanagan
      
      Larkin
      
      Martins
      
      Perkins
      
      Ranzenhofer
      
      Squadron

2013-S5211 (ACTIVE) - Details

See Assembly Version of this Bill:: A7412
Law Section:: Public Authorities Law
Laws Affected:: Amd §§1676 & 1680, Pub Auth L; amd §5, Chap 376 of 1998

2013-S5211 (ACTIVE) - Summary

Relates to the powers of subsidiaries of the Educational Housing Services Incorporated.

2013-S5211 (ACTIVE) - Sponsor Memo

                                BILL NUMBER:S5211

TITLE OF BILL:  An act to amend the public authorities law, in
relation to the powers of subsidiaries of the Educational Housing
Services Inc.; and to amend chapter 376 of the laws of 1998 amending
the public authorities law relating to the powers of the Educational
Housing Services Inc., in relation to extending the effectiveness
thereof

PURPOSE:

To extend the powers granted to Educational Housing Services Inc. for
an additional five years to 2018.

SUMMARY OF PROVISIONS:

This bill amends Chapter 352 of the laws of 2008 to allow Educational
Housing Services Inc. to continue its utilization of Section 1676 of
the Public Authorities Law until 2018.  Chapter 352 allows Educational
Housing Services Inc. to finance new housing utilizing the Dormitory
Authority of New York State.

JUSTIFICATION:

For over 25 years Educational Housing Services Inc., a not-for-profit
organization, has provided dormitory housing to college and university

students in the New York City area. It currently utilizes eight
properties in Manhattan and Brooklyn and has an inventory of over
4,400 beds serving 10,000 students annually.  Educational Housing
Services Inc. does not own these residences but rather leases
buildings or portions thereof. The one exception is the dormitory
constructed for the uptown CUNY campus in 2005 which was financed with
DASNY bonds. Currently 25 institutions of higher education utilize
Educational Housing Services Inc. housing. The economic welfare and
110,000 jobs generated by these colleges is directly linked to the
ability of Educational Housing Services Inc.  to meet some of the
housing needs of these institutions. There is a dramatic need for
student housing in New York City due to the fact that almost 500,000
students are enrolled in colleges in this region.  Educational Housing
Services Inc. is the only non-profit organization that is directly
meeting the enormous demand for student housing.  Previous legislation
made reference to a number of Educational Housing Services Inc. sites,
some of which will not continue as student housing due to the removal
of some buildings from the leasing market. This proposed legislation
will allow Educational Housing Services Inc. to continue its important
housing functions without being restricted to properties whose leases
have expired or terminated.

Educational Housing Services Inc., in cooperation with the office of
the Attorney General, has recently undergone a complete restructuring
with a new board whose members, and new CEO, are individuals who are
very experienced in the fields of education, finance, real estate,
public private partnerships and public service.

LEGISLATIVE HISTORY:


New legislation which amends previous statutes extending Educational
Housing Services Inc. powers.

FISCAL IMPLICATIONS:

None

EFFECTIVE DATE:  This act shall take effect immediately.

2013-S5211 (ACTIVE) - Bill Text download pdf

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

                                  5211

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 14, 2013
                               ___________

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

AN ACT to amend the public authorities law, in relation to the powers of
  subsidiaries  of  the  Educational Housing Services Inc.; and to amend
  chapter 376 of the laws of 1998 amending the  public  authorities  law
  relating  to  the  powers of the Educational Housing Services Inc., in
  relation to extending the effectiveness thereof

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

  Section  1. The undesignated paragraph of paragraph (b) of subdivision
2 of section 1676 of the public authorities law, as amended  by  chapter
352 of the laws of 2008, is amended to read as follows:
  Educational  Housing  Services Inc., a not-for-profit corporation, for
the acquisition, financing, refinancing,  construction,  reconstruction,
renovation,  development, improvement, expansion, and equipping of hous-
ing for students and/or faculty  at  institutions  of  higher  education
[throughout  the  state and up to five] LOCATED WITHIN THE FIVE BOROUGHS
OF THE CITY OF NEW YORK AND WESTCHESTER COUNTY EITHER BY DIRECTLY OR  BY
CREATION  OF  A wholly-owned [and] NOT-FOR-PROFIT SUBSIDIARY CORPORATION
OR controlled corporations [or], limited liability companies OR PARTNER-
SHIPS, that are not subject to  federal  income  taxation  (except  with
respect  to  any unrelated business income) [as follows: one such corpo-
ration or limited liability  company  for  the  acquisition,  financing,
refinancing,   construction,  reconstruction,  renovation,  development,
improvement, expansion, and equipping of a  dormitory  for  housing  for
students  in  connection  with the city university of New York; one such
corporation or limited liability company for the acquisition, financing,
refinancing,  construction,  reconstruction,  renovation,   development,
improvement, expansion, and equipping of a dormitory located at 401 West
130th Street, New York, New York for housing for students and/or faculty

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10918-01-3

S. 5211                             2

in connection with the city college of New York; one such corporation or
limited  liability  company for the acquisition, financing, refinancing,
construction,  reconstruction,  renovation,  development,   improvement,
expansion, and equipping of a dormitory at 55 John Street, New York, New
York  for  housing  for students and/or faculty; one such corporation or
limited liability company for the acquisition,  financing,  refinancing,
construction,   reconstruction,  renovation,  development,  improvement,
expansion, and equipping of a dormitory at 231  East  55th  Street,  New
York,  New  York  for  housing for students and/or faculty; and one such
corporation or limited liability company for the acquisition, financing,
refinancing,  construction,  reconstruction,  renovation,   development,
improvement, expansion, and equipping of a dormitory at 1760 3rd Avenue,
New York, New York for housing for students and/or faculty].
  S  2.  The  undesignated paragraph of subdivision 1 of section 1680 of
the public authorities law, as amended by chapter 352  of  the  laws  of
2008, is amended to read as follows:
  Educational  Housing  Services Inc., a not-for-profit corporation, for
the acquisition, financing, refinancing,  construction,  reconstruction,
renovation,  development, improvement, expansion, and equipping of hous-
ing for students and/or faculty  at  institutions  of  higher  education
[throughout  the  state and up to five] LOCATED WITHIN THE FIVE BOROUGHS
OF THE CITY OF NEW YORK AND WESTCHESTER COUNTY  EITHER  DIRECTLY  OR  BY
CREATION  OF  A wholly-owned [and] NOT-FOR-PROFIT SUBSIDIARY CORPORATION
OR controlled corporations [or], limited liability companies,  OR  PART-
NERSHIPS  that  are  not subject to federal income taxation (except with
respect to any unrelated business income) [as follows: one  such  corpo-
ration  or  limited  liability  company  for the acquisition, financing,
refinancing,  construction,  reconstruction,  renovation,   development,
improvement,  expansion,  and  equipping  of a dormitory for housing for
students in connection with the city university of New  York;  one  such
corporation or limited liability company for the acquisition, financing,
refinancing,   construction,  reconstruction,  renovation,  development,
improvement, expansion, and equipping of a dormitory located at 401 West
130th Street, New York, New York for housing for students and/or faculty
in connection with the city college of New York; one such corporation or
limited liability company for the acquisition,  financing,  refinancing,
construction,   reconstruction,  renovation,  development,  improvement,
expansion, and equipping of a dormitory at 55 John Street, New York, New
York for housing for students and/or faculty; one  such  corporation  or
limited  liability  company for the acquisition, financing, refinancing,
construction,  reconstruction,  renovation,  development,   improvement,
expansion,  and  equipping  of  a dormitory at 231 East 55th Street, New
York, New York for housing for students and/or  faculty;  and  one  such
corporation or limited liability company for the acquisition, financing,
refinancing,   construction,  reconstruction,  renovation,  development,
improvement, expansion, and equipping of a dormitory at 1760 3rd Avenue,
New York, New York for housing for students and/or faculty].
  S 3. Section 3 of chapter 376 of the laws of 1998 shall be and  remain
in  full force and effect with respect to all projects undertaken pursu-
ant to the authority of such chapter and this act whether by Educational
Housing Services Inc., or its subsidiary.
  S 4. Section 5 of chapter 376 of the laws of 1998, amending the public
authorities law relating  to  the  powers  of  the  Educational  Housing
Services Inc., as amended by chapter 280 of the laws of 2008, is amended
to read as follows:

S. 5211                             3

  S  5.  This  act shall take effect immediately and shall expire and be
deemed repealed on December 31, [2013] 2018.
  S  5.  This act shall take effect immediately, provided, however, that
the amendments to the undesignated paragraph of paragraph (b) of  subdi-
vision 2 of section 1676 and the undesignated paragraph of subdivision 1
of  section  1680 of the public authorities law made by sections one and
two of this act shall not affect the repeal of such paragraphs and shall
be deemed repealed therewith.

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