S T A T E O F N E W Y O R K
________________________________________________________________________
11196
I N A S S E M B L Y
June 14, 2018
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Nolan, Otis)
-- read once and referred to the Committee on Education
AN ACT to amend the education law, in relation to increasing the limit
of certain funding by the dormitory authority for financing of capital
facilities for state-supported schools for blind and deaf students
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 10 of section 407-b of the education law, as
amended by chapter 31 of the laws of 1996, is amended to read as
follows:
10. Notwithstanding any other provision of law to the contrary, the
dormitory authority may execute leases, subleases, or other agreements
with state supported schools for financing of the design, construction,
rehabilitation, improvement, renovation, acquisition or provision,
furnishing or equipping of capital facilities; provided, however, that
during the two year period commencing July first, nineteen hundred nine-
ty-five, the amount of bonds inclusive of principal, interest and issu-
ance costs to be issued for each individual lease, sublease, or other
agreement shall not exceed fifteen million dollars annually; provided
further that the interest on such bonds may not be deferred through
additional borrowing; and provided finally that the total amount of such
bonds for all such leases, subleases, or agreements with state supported
schools during such period shall not exceed [sixty-five] NINETY million
dollars.
On or before September first of each year, the commissioner shall
submit to the chairs of the assembly ways and means committee, the
senate finance committee and the director of the budget, a capital plan
for those projects expected to be bonded for state supported schools
pursuant to this section, within such [sixty-five] NINETY million dollar
allowance. After application of the principles of the capital assets
preservation program, such plan shall accord priority to health and
safety considerations and shall specify the name, location, estimated
total cost of the project at the time the project is to be bid, the
anticipated bid date and the anticipated completion date and may contain
any further recommendations the commissioner may deem appropriate.
§ 2. This act shall take effect immediately.
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