Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 21, 2016 |
signed chap.127 |
Jul 13, 2016 |
delivered to governor |
Jun 07, 2016 |
returned to assembly passed senate 3rd reading cal.1040 substituted for s6930 |
Jun 07, 2016 |
substituted by a9516 |
May 25, 2016 |
advanced to third reading |
May 24, 2016 |
2nd report cal. |
May 23, 2016 |
1st report cal.1040 |
Mar 08, 2016 |
referred to education |
Senate Bill S6930
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A9516 - 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
Actions
Votes
co-Sponsors
(D, IP) Senate District
2015-S6930 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9516
- Law Section:
- Education Law
- Laws Affected:
- Amd §3602, Ed L; amd Part A-4 §16, Chap 58 of 2006
2015-S6930 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6930 TITLE OF BILL : An act to amend the education law and the city of Syracuse and the board of education of the city school district of the city of Syracuse cooperative school reconstruction act, in relation to obligations issued to finance school rehabilitation or reconstruction in the city school district of the city of Syracuse PURPOSE : This legislation will allow the City of Syracuse and the Syracuse City School District to refinance bonding related to the Joint School Construction Board (JSCB). SUMMARY OF PROVISIONS : Section 1: Amends § 3602 of the Education Law to add language allowing the City of Syracuse and Syracuse City School District to refinance bonds issued to fund JSCB projects. Section 2: Amends Chapter 58, Part A-4, § 16 of the Laws of 2006 by adding a new subsection c. This new subsection ensures that any savings for the refinancing of bonds is used only to fund future JSCB projects.
2015-S6930 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6930 I N S E N A T E March 8, 2016 ___________ Introduced by Sen. DeFRANCISCO -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT to amend the education law and the city of Syracuse and the board of education of the city school district of the city of Syracuse coop- erative school reconstruction act, in relation to obligations issued to finance school rehabilitation or reconstruction in the city school district of the city of Syracuse THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Item (iii) of clause (a) of subparagraph 5 of paragraph e of subdivision 6 of section 3602 of the education law, as amended by chapter 416 of the laws of 2007, is amended to read as follows: (iii) Notwithstanding the provisions of item (i) of this clause, where such city has entered into an agreement with the state of New York municipal bond bank agency pursuant to subdivision one of section twen- ty-four hundred thirty-five-a of the public authorities law and subdivi- sion (a) of section fourteen of the city of Syracuse and the board of education of the city school district of the city of Syracuse cooper- ative school reconstruction act, or an agreement with the city of Syra- cuse industrial development agency for projects authorized pursuant to the city of Syracuse and the board of education of the city school district of the city of Syracuse cooperative school reconstruction act, to finance [debt related to] school rehabilitation or reconstruction that is subject to subparagraph three of this paragraph, the lesser of: (A) the net interest cost as defined by the commissioner, applicable to [the] EACH SERIES OF obligations ORIGINALLY issued by the state of New York municipal bond bank agency or the city of Syracuse industrial development agency for such purpose, WITHOUT REGARD TO ANY REFUNDING OF SUCH OBLIGATIONS; or (B) such net interest cost, as defined by the commissioner that would have been applicable to [bonds issued by the state of New York municipal bond bank agency if the project had been authorized to be financed and had been financed through such entity, as certified to the commissioner by the executive director of the state of New York municipal bond bank agency shall be the interest rate estab- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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