Assembly Bill A4378

2021-2022 Legislative Session

Relates to establishing certain requirements for the dormitory prior to such authority issuing bonds and notes to finance certain projects

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Archive: Last Bill Status - In Assembly Committee

  • 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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2021-A4378 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §1678-b, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2513
2011-2012: A3602
2013-2014: A3148
2015-2016: A4243
2017-2018: A3331
2019-2020: A9039
2023-2024: A4241

2021-A4378 (ACTIVE) - Summary

Relates to establishing certain requirements for the dormitory authority of the state of New York prior to such authority issuing bonds and notes to finance projects for a private institution or organization.

2021-A4378 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4378
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2021
                                ___________
 
 Introduced  by  M.  of  A.  O'DONNELL  --  read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in relation to  establishing
   certain  requirements  for the dormitory authority of the state of New
   York prior to such  authority  issuing  bonds  and  notes  to  finance
   certain projects
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The public authorities law  is  amended  by  adding  a  new
 section 1678-b to read as follows:
   §  1678-B.  ADDITIONAL  REQUIREMENTS  FOR  CERTAIN AUTHORITY PROJECTS.
 NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, PRIOR TO THE
 DORMITORY AUTHORITY OF THE STATE OF NEW YORK ISSUING BONDS AND NOTES  TO
 FINANCE  A PROJECT FOR A PRIVATE INSTITUTION OR ORGANIZATION, THE DORMI-
 TORY AUTHORITY SHALL:
   (A) BE REQUIRED TO PREPARE A STATEMENT ON THE ENVIRONMENTAL IMPACT  OF
 THE  PROJECT SUCH BONDS OR NOTES ARE TO FINANCE, AND THEN HOLD A HEARING
 IN THE COMMUNITY AFFECTED ON SUCH ENVIRONMENTAL IMPACT STATEMENT REGARD-
 LESS OF WHETHER IT IS FOUND THAT THERE WOULD BE A POSITIVE  OR  NEGATIVE
 IMPACT ON THE ENVIRONMENT DUE TO SUCH PROJECT; AND
   (B) REQUIRE ANY PROJECT FOR A PRIVATE INSTITUTION OR ORGANIZATION THAT
 SUCH  AUTHORITY FUNDS WITH BONDS OR NOTES TO BE CONTEXTUAL IN APPEARANCE
 TO THE BUILDINGS AND STRUCTURES  SURROUNDING  SUCH  PROJECT  AND  TO  BE
 APPROVED BY A LOCAL PLANNING OR ZONING BOARD OR OTHER SIMILAR BOARD.  IF
 NO  SUCH  LOCAL  BOARD  EXISTS  THEN THE OFFICE OF PARKS, RECREATION AND
 HISTORIC PRESERVATION SHALL BE REQUIRED TO REVIEW THE PROJECT TO  DETER-
 MINE  IF  THE  PROJECT  IS  CONTEXTUAL  IN APPEARANCE TO THE SURROUNDING
 BUILDINGS AND STRUCTURES.
   § 2. This act shall take effect on the one hundred twentieth day after
 it shall have become a law. Effective immediately, the addition,  amend-
 ment and/or repeal of any rule or regulation necessary for the implemen-
 tation  of  this act on its effective date are authorized to be made and
 completed on or before such effective date.

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