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Senate Bill S8919

2017-2018 Legislative Session

Increases the limit of certain funding by the dormitory authority for financing of capital facilities for state-supported schools for blind and deaf students

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2017-S8919 (ACTIVE) - Details

See Assembly Version of this Bill:
A11196
Current Committee:
Senate Rules
Law Section:
Education Law
Laws Affected:
Amd §407-b, Ed L

2017-S8919 (ACTIVE) - Summary

Increases the limit of certain funding by the dormitory authority for financing of capital facilities for state-supported schools for blind and deaf students.

2017-S8919 (ACTIVE) - Sponsor Memo

2017-S8919 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8919
 
                             I N  S E N A T E
 
                               June 4, 2018
                                ___________
 
 Introduced  by  Sen.  MARCELLINO  -- read twice and ordered printed, and
   when printed to be committed to the Committee on Rules
 
 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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