S T A T E   O F   N E W   Y O R K
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                                  3022--A
     Cal. No. 383
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 19, 2017
                                ___________
 
 Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and  Commissions  --  recommitted  to  the  Committee on Corporations,
   Authorities and Commissions in accordance with Senate Rule 6,  sec.  8
   -- reported favorably from said committee, ordered to first and second
   report,  ordered  to  a  third reading, amended and ordered reprinted,
   retaining its place in the order of third reading
 
 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.
   §  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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD03951-02-8

 S. 3022--A                          2
 
 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.
 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.
   § 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.
   §  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.
   §  5.  This  act shall take effect immediately and shall expire and be
 deemed repealed December 31, 2023.