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Assembly Bill A4421

2021-2022 Legislative Session

Relates to prohibiting the expenditure of moneys of the state to private institutions for projects that include the construction of a hotel

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Archive: Last Bill Status - In Assembly Committee

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2021-A4421 (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:
2019-2020: A9871
2023-2024: A4151

2021-A4421 (ACTIVE) - Summary

Prohibits the expenditure of moneys of the state by the dormitory authority to private institutions for projects that include the construction of a hotel or similar lodging facility, not including student housing.

2021-A4421 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4421
 
                        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  prohibiting
   the  expenditure  of  moneys  of the state to private institutions for
   projects that include the construction of a hotel

   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.  PROHIBITION  OF  FUNDS  FOR  CERTAIN  AUTHORITY  PROJECTS.
 NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, THE DORMITO-
 RY  AUTHORITY OF THE STATE OF NEW YORK SHALL NOT ISSUE BONDS OR NOTES TO
 FINANCE A PROJECT FOR A PRIVATE  INSTITUTION  OR  ORGANIZATION  IF  SUCH
 PROJECT  INCLUDES  PROVISIONS RELATING TO THE CONSTRUCTION OF A HOTEL OR
 SIMILAR LODGING FACILITY; PROVIDED,  HOWEVER,  THIS  SECTION  SHALL  NOT
 APPLY TO STUDENT HOUSING.
   §  2.  Notwithstanding any provision of law to the contrary, no moneys
 of the state, any political  subdivision  thereof  or  public  authority
 shall  be  expended  to  educational  institutions  for any project that
 includes the construction  of  a  hotel  or  similar  lodging  facility;
 provided, however, this section shall not apply to student housing.
   § 3. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08919-01-1

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