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Senate Bill S2549B

2017-2018 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

2017-S2549 - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §99-ee, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7338
2013-2014: S1656
2015-2016: S1616

2017-S2549 - Summary

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

2017-S2549 - Sponsor Memo

2017-S2549 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2549
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2017
                                ___________
 
 Introduced  by Sens. LAVALLE, RITCHIE -- 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-aa to read as follows:
   § 99-AA. 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
 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.

co-Sponsors

2017-S2549A - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §99-ee, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7338
2013-2014: S1656
2015-2016: S1616

2017-S2549A - Summary

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

2017-S2549A - Sponsor Memo

2017-S2549A - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2549--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2017
                                ___________
 
 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-bb to read as follows:
   § 99-BB. 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
 WARRANTS AND CERTIFICATES SHALL BE FILED WITH THE CHAIR  OF  THE  SENATE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07978-02-8

co-Sponsors

2017-S2549B (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §99-ee, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7338
2013-2014: S1656
2015-2016: S1616

2017-S2549B (ACTIVE) - Summary

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

2017-S2549B (ACTIVE) - Sponsor Memo

2017-S2549B (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2549--B
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2017
                                ___________
 
 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-ee to read as follows:
   § 99-EE. 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.

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