Senate Bill S5763

2015-2016 Legislative Session

Provides that for the purposes of public financing, the term thereof shall be 25 years for class B buildings, 20 years for class C buildings and 40 years for class D buildings

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Archive: Last Bill Status - In Senate Committee Finance Committee


  • 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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2015-S5763 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Amd §61, St Fin L; amd §11.00, Loc Fin L

2015-S5763 (ACTIVE) - Summary

Provides that for the purposes of state and local financing, the term thereof shall be 25 years for class B buildings, 20 years for class C buildings and 40 years for class D buildings; defines class D buildings as buildings which have a reference service life of at least 60 years, or are constructed of materials selected using the green building construction requirements; expands the definition of class B buildings to include buildings having outer walls constructed of fire-resistant treated wood.

2015-S5763 (ACTIVE) - Sponsor Memo

2015-S5763 (ACTIVE) - Bill Text download pdf

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

                                  5763

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              June 2, 2015
                               ___________

Introduced  by  Sen. AMEDORE -- 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 the probable  life
  of  class  B,  class  C, and class D buildings; and to amend the local
  finance law, in relation to the  periods  of  probable  usefulness  of
  class B, class C, and class D buildings

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

  Section 1. Subdivisions 2 and 3 of section 61 of the state finance law
are amended and a new subdivision 3-a is added to read as follows:
  2. [Twenty] TWENTY-FIVE years. Class B buildings. Buildings, the outer
walls of which are constructed of brick, stone, concrete, metal, stucco,
FIRE-RESISTANT TREATED WOOD or other fire-resisting material,  including
a  building  which is rebuilt or altered so that it, together with addi-
tions or vertical or other extensions or replacements, are  fire-resist-
ing.
  3.  [Fifteen]  TWENTY  years.  Class  C  buildings. Buildings that are
neither class A nor class B as defined  in  subdivisions  one  and  two,
including  any  such  building  which  is rebuilt or altered so that any
addition or vertical or other extension is not  fire-proof  or  fire-re-
sisting, as thus defined.
  3-A.  FORTY YEARS. CLASS D BUILDINGS. BUILDINGS FOR WHICH A LIFE CYCLE
ASSESSMENT HAS BEEN PERFORMED AS PART OF THE DESIGN  PROCESS  AND  WHICH
HAVE  A REFERENCE SERVICE LIFE OF AT LEAST SIXTY YEARS, OR BUILDINGS FOR
WHICH THE STRUCTURAL MATERIALS WERE SELECTED USING  THE  GREEN  BUILDING
CONSTRUCTION  REQUIREMENTS ESTABLISHED PURSUANT TO ARTICLE FOUR-C OF THE
PUBLIC BUILDINGS LAW.
  S 2. Clauses (b) and (c) of subdivision 11 of paragraph a  of  section
11.00  of  the  local  finance law, as amended by section 3 of part A of
chapter 93 of the laws of 2002, are amended and  a  new  clause  (d)  is
added to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11284-02-5
              

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