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

                                  9240

                          I N  A S S E M B L Y

                            February 4, 2016
                               ___________

Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
  tee on Libraries and Education Technology

AN  ACT  to  amend  the  public  authorities  law,  in  relation  to the
  construction and financing of facilities by  the  dormitory  authority
  for  the New York Library Association; and providing for the repeal of
  such provisions upon expiration thereof

  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:
  THE NON-PROFIT MEMBERS OF THE NEW YORK LIBRARY ASSOCIATION, INC.   FOR
THE  ACQUISITION,  FINANCING,  CONSTRUCTION, RECONSTRUCTION, RENOVATION,
DEVELOPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF LIBRARY FACILITIES.
  S 2. Subdivision 1 of section 1680 of the public  authorities  law  is
amended by adding two new undesignated paragraphs to read as follows:
  THE  NON-PROFIT MEMBERS OF THE NEW YORK LIBRARY ASSOCIATION, INC.  FOR
THE ACQUISITION, FINANCING, REFINANCING,  CONSTRUCTION,  RECONSTRUCTION,
RENOVATION, DEVELOPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF LIBRARY
FACILITIES  IN  THE  STATE  OF  NEW  YORK. THE PRINCIPAL AMOUNT OF BONDS
ISSUED BY THE DORMITORY AUTHORITY FOR THE COSTS OF EACH PROJECT  AUTHOR-
IZED  HEREUNDER  SHALL NOT EXCEED FIVE MILLION DOLLARS, EXCEPT FOR BONDS
ISSUED TO REFUND OR REFINANCE BONDS PREVIOUSLY ISSUED FOR SUCH PROJECTS.
  NOTWITHSTANDING ANY OTHER PROVISION OF LAW,  EACH  OF  THE  NON-PROFIT
MEMBERS  OF  THE  NEW  YORK  LIBRARY  ASSOCIATION,  INC.  SUBJECT TO THE
PROVISIONS OF THIS CHAPTER, INCLUDING ASSOCIATION AND  PUBLIC  LIBRARIES
AS  DEFINED  IN  SECTION  TWO  HUNDRED FIFTY-THREE OF THE EDUCATION LAW,
SHALL HAVE FULL POWER AND AUTHORITY TO ASSIGN AND PLEDGE TO THE DORMITO-
RY AUTHORITY, ANY AND ALL PUBLIC FUNDS TO BE  APPORTIONED  OR  OTHERWISE
MADE  PAYABLE  BY  THE  STATE,  A  POLITICAL  SUBDIVISION, AS DEFINED IN
SECTION ONE HUNDRED  OF  THE  GENERAL  MUNICIPAL  LAW,  OR  ANY  LIBRARY
DISTRICT  IN  THE  STATE  IN  AN  AMOUNT SUFFICIENT TO MAKE ALL PAYMENTS
REQUIRED TO BE MADE PURSUANT TO ANY LEASE, SUBLEASE OR  OTHER  AGREEMENT
ENTERED  INTO BETWEEN THE NON-PROFIT MEMBER AND THE DORMITORY AUTHORITY.

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

                                                           LBD13791-01-6

A. 9240                             2

ALL STATE AND LOCAL OFFICERS ARE HEREBY AUTHORIZED TO PAY ALL SUCH FUNDS
SO ASSIGNED AND PLEDGED TO THE DORMITORY AUTHORITY OR, UPON DIRECTION OF
THE DORMITORY AUTHORITY, TO ANY TRUSTEE OF ANY DORMITORY AUTHORITY  BOND
OR  NOTE  ISSUE,  PURSUANT TO A CERTIFICATE FILED WITH ANY SUCH STATE OR
LOCAL OFFICER BY THE DORMITORY AUTHORITY PURSUANT TO THE  PROVISIONS  OF
THIS SECTION.
  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 the authority
shall be deemed, for the purposes of this act, a contracting  agency  as
that term is used in such article.
  S  4. The expiration and repeal of sections one, two and three of this
act shall not affect or impair in any manner any bonds  issued,  or  any
loan made to any borrower, pursuant to the provisions of this act  prior
to the expiration of such sections.
  S  5.  This  act shall take effect immediately and shall expire and be
deemed repealed December 31, 2021.