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Senate Bill S1616B

2015-2016 Legislative Session

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

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Archive: Last Bill Status - In Senate Committee Finance Committee

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Bill Amendments

co-Sponsors

2015-S1616 - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §99-z, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7338
2013-2014: S1656
2017-2018: S2549

2015-S1616 - Summary

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

2015-S1616 - Sponsor Memo

2015-S1616 - Bill Text download pdf 

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

                                  1616

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 13, 2015
                               ___________

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-w to read as follows:
  S  99-W. 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.
                                                           LBD00477-01-5

co-Sponsors

2015-S1616A - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §99-z, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7338
2013-2014: S1656
2017-2018: S2549

2015-S1616A - Summary

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

2015-S1616A - Sponsor Memo

2015-S1616A - Bill Text download pdf 

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

                                 1616--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 13, 2015
                               ___________

Introduced  by Sens. LAVALLE, RITCHIE -- read twice and ordered printed,
  and when printed to be committed to the Committee on Finance -- recom-
  mitted to the Committee on Finance 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-y to read as follows:
  S  99-Y. 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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00477-02-6

co-Sponsors

2015-S1616B (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §99-z, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7338
2013-2014: S1656
2017-2018: S2549

2015-S1616B (ACTIVE) - Summary

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

2015-S1616B (ACTIVE) - Sponsor Memo

2015-S1616B (ACTIVE) - Bill Text download pdf 

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

                                 1616--B

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 13, 2015
                               ___________

Introduced  by Sens. LAVALLE, RITCHIE -- read twice and ordered printed,
  and when printed to be committed to the Committee on Finance -- recom-
  mitted to the Committee on Finance in accordance with Senate  Rule  6,
  sec.  8  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said  committee  --  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-z to read as follows:
  S  99-Z. 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
FOR THE PURPOSES OF THIS FUND 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 CONTAMINATION, INCLEMENT WEATHER, ACTS OF GOD
OR ANY OTHER INCIDENT WHICH CAUSES UNANTICIPATED DAMAGE TO SUCH  FACILI-
TIES.
  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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00477-03-6

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