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 A10611 - Signed by Governor


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

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2017-S7953 (ACTIVE) - Details

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

2017-S7953 (ACTIVE) - Summary

Extends provisions relating to water pollution control revolving fund agreements.

2017-S7953 (ACTIVE) - Sponsor Memo

2017-S7953 (ACTIVE) - 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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