senate Bill S9005

2017-2018 Legislative Session

Provides for the financing and construction of facilities for Village of Lake Placid, Inc. by the dormitory authority

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


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

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Actions

view actions (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2018 recommitted to rules
Jun 18, 2018 ordered to third reading cal.1904
Jun 12, 2018 referred to rules

Votes

view votes

Jun 18, 2018 - Rules committee Vote

S9005
24
0
committee
24
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

S9005 (ACTIVE) - Details

See Assembly Version of this Bill:
A11182
Current Committee:
Senate Rules
Law Section:
Public Authorities Law
Laws Affected:
Amd §§1676 & 1680, Pub Auth L
Versions Introduced in 2019-2020 Legislative Session:
S2547, A5326

S9005 (ACTIVE) - Summary

Provides for the financing and construction of facilities for Village of Lake Placid, Inc. by the dormitory authority.

S9005 (ACTIVE) - Sponsor Memo

S9005 (ACTIVE) - Bill Text download pdf


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

                                  9005

                            I N  S E N A T E

                              June 12, 2018
                               ___________

Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the public authorities law, in relation to providing for
  the financing and construction of facilities for Village of Lake Plac-
  id, Inc.

  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:
  VILLAGE OF LAKE PLACID, INC.
  § 2. Subdivision 1 of section 1680 of the public  authorities  law  is
amended by adding a new undesignated paragraph to read as follows:
  VILLAGE OF LAKE PLACID, INC.
  §  3.  Subdivision  2 of section 1680 of the public authorities law is
amended by adding a new paragraph l to read as follows:
  L. (1) FOR PURPOSES OF THIS SECTION, THE  FOLLOWING  PROVISIONS  SHALL
APPLY  TO  THE  ACQUISITION,  CONSTRUCTION, RECONSTRUCTION, DEVELOPMENT,
IMPROVEMENT, EXPANSION AND/OR EQUIPPING OF  A  FACILITY  OR  FACILITIES,
INCLUDING  NECESSARY ANCILLARY AND RELATED FACILITIES, AND THE FINANCING
AND/OR REFINANCING THEREOF FOR THE VILLAGE OF LAKE PLACID, INC.
  (2) NOTWITHSTANDING ANY OTHER PROVISION OF LAW, THE  VILLAGE  OF  LAKE
PLACID,  INC. SHALL HAVE FULL POWER AND AUTHORITY TO ENTER INTO A LEASE,
SUBLEASE OR OTHER AGREEMENT WITH THE DORMITORY AUTHORITY AS IS NECESSARY
OR USEFUL IN CONNECTION WITH THE CONSTRUCTION  AND/OR  FINANCING  AND/OR
REFINANCING  OF  A  FACILITY DESCRIBED IN SUBPARAGRAPH ONE OF THIS PARA-
GRAPH OR A MUNICIPAL FACILITY AND ANY ANCILLARY OR  RELATED  FACILITIES.
SUCH LEASE, SUBLEASE OR OTHER AGREEMENT MAY PROVIDE FOR, INCLUDING WITH-
OUT LIMITATION, THE PAYMENT BY THE VILLAGE OF FEES AND AMOUNTS NECESSARY
TO PAY DEBT SERVICE ON ANY OBLIGATIONS ISSUED BY THE DORMITORY AUTHORITY
FOR THE SAME, AND THE PLEDGE AND ASSIGNMENT BY THE VILLAGE TO THE DORMI-
TORY  AUTHORITY  OF  ALL  OR A PORTION OF THE REVENUES DERIVED FROM SUCH
FACILITY OR FACILITIES IN AN AMOUNT NOT LESS THAN THE AMOUNT  SUFFICIENT
TO MAKE ALL PAYMENTS REQUIRED TO BE MADE BY ANY SUCH VILLAGE PURSUANT TO

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

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