senate Bill S7953

Signed By Governor
2017-2018 Legislative Session

Relates to water pollution control revolving fund agreements

download bill text pdf

Sponsored By

Archive: Last Bill Status Via - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 24, 2018 signed chap.250
Aug 13, 2018 delivered to governor
Jun 20, 2018 returned to assembly
passed senate
3rd reading cal.991
substituted for s7953
Jun 20, 2018 substituted by a10611
May 07, 2018 advanced to third reading
May 02, 2018 2nd report cal.
May 01, 2018 1st report cal.991
Mar 13, 2018 referred to environmental conservation

S7953 - Details

See Assembly Version of this Bill:
A10611
Law Section:
Environmental Conservation Law
Laws Affected:
Amd §17-1909, En Con L

S7953 - Summary

Extends provisions relating to water pollution control revolving fund agreements.

S7953 - Sponsor Memo

S7953 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7953

                            I N  S E N A T E

                             March 13, 2018
                               ___________

Introduced by Sen. O'MARA -- (at request of the Environmental Facilities
  Corporation) -- read twice and ordered printed, and when printed to be
  committed to the Committee on Environmental Conservation

AN ACT to amend the environmental conservation law, in relation to water
  pollution control revolving fund agreements

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph a of subdivision 3  of  section  17-1909  of  the
environmental conservation law, as amended by chapter 326 of the laws of
2015, is amended to read as follows:
  a.  The corporation is authorized to promulgate regulations, developed
in consultation with the commissioner and the director of  the  division
of  the  budget,  for  the  purpose of carrying out its responsibilities
under this section, including establishing criteria  and  standards  for
determining  the amount of financial assistance to a municipality for an
eligible project. To the extent financial assistance to  a  municipality
for an eligible project is provided as a loan from the proceeds of bonds
or  notes  of the corporation, the amount of an allocation applicable to
the portion of such eligible project financed with such loan  shall  be,
subject to such maximum financial limitations as may otherwise be neces-
sary and prescribed by the commissioner and the director of the division
of  the  budget,  thirty-three  and  one-third  percent of the principal
amount of such loan outstanding at any time for such  eligible  project,
to  the  extent reasonably practicable, and subject to such deviation as
may be necessary, in connection with the administration  and  investment
of  moneys  in  the  fund,  unless  allocations in differing amounts are
necessary to preclude a determination by the commissioner or the  corpo-
ration  pursuant  to paragraph e of subdivision eight of this section or
unless an allocation in a differing amount is required for an innovative
technology demonstration project; provided, however, that in the case of
any municipality which has, during the period commencing on June  first,
nineteen hundred ninety-two and ending on September thirtieth, two thou-
sand  [eighteen]  TWENTY-ONE, (i) submitted an application for financial
assistance in the form of such a loan for  an  eligible  project,  which

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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