NY State Senate Bill 2011-S3732

Senate Bill S3732

2011-2012 Legislative Session

Authorizes mortgage loans by dormitory authority to certain hospitals and health care facilities operating not-for-profit day care facilities

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Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 04, 2012	referred to corporations, authorities and commissions
Mar 02, 2011	referred to corporations, authorities and commissions

co-Sponsors

2011-S3732 (ACTIVE) - Details

Current Committee:: Senate Corporations, Authorities And Commissions
Law Section:: Public Authorities Law
Laws Affected:: Amd §1676, Pub Auth L; add §5-g, NYS Med Care Fac Fin Ag Act
Versions Introduced in 2009-2010 Legislative Session:: S3308

2011-S3732 (ACTIVE) - Summary

Authorizes the New York state dormitory authority to provide mortgage loans to a non-profit hospital corporation, a county or municipal hospital or a non-profit corporation providing a residential health care facility, to finance the acquisition of structures, buildings and equipment associated with the operation of a non-for-profit day care facility located in or as part of such hospital or health care facility.

2011-S3732 (ACTIVE) - Sponsor Memo

                                BILL NUMBER:S3732

TITLE OF BILL:

An act
to amend the public authorities law and the New York state medical
care facilities finance agency act, in relation to making
provisions for the financing of not-for-profit day care facilities

PURPOSE:

The purpose of this bill is to allow the
Dormitory Authority and the Medical Care Facilities Finance Agency to
provide loans to not-for-profits within their domain for the purposes
of implementing day care facilities.

SUMMARY OF PROVISIONS:

SECTION ONE Subdivision 2
of section 1676 of the public authorities law is amended by adding a
new paragraph (h).
SECTION TWO Section 1 of chapter 392 of the laws of 1973 is
amended by adding a new section (5-g).

JUSTIFICATION:

This legislation would allow the Dormitory Authority
and the Medical Care Facilities Finance Agency to provide loans for
non-profits within their domain for the purposes of developing day
care facilities. One major provision of this legislation is that
hospitals would have the opportunity to develop child care facilities
for its employees. In light of the current nursing shortage, this
legislation could serve two purposes: 1) To provide quality day care
services for our youth and, 2) To indirectly mollify the nursing
shortage crisis. Both of these outcomes are clearly desirable and
should be actively pursued by State policy-makers.

LEGISLATIVE HISTORY:

03/07/07 REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
01/09/08 REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
03/16/09 REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
01/06/10 REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

FISCAL IMPLICATIONS:

EFFECTIVE DATE:

This act shall take effect on the first of January
next succeeding the date on which it shall have become a law.

2011-S3732 (ACTIVE) - Bill Text download pdf

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

                                  3732

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              March 2, 2011
                               ___________

Introduced  by Sens. OPPENHEIMER, DIAZ, PARKER -- read twice and ordered
  printed, and when printed to be committed to the Committee  on  Corpo-
  rations, Authorities and Commissions

AN  ACT  to  amend  the  public  authorities  law and the New York state
  medical care facilities finance agency  act,  in  relation  to  making
  provisions for the financing of not-for-profit day care facilities

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

  Section 1. Subdivision 2 of section 1676 of the public authorities law
is amended by adding a new paragraph (i) to read as follows:
  (I) IT SHALL ALSO INCLUDE FACILITIES, TOGETHER WITH ALL ATTENDANT  AND
RELATED  FIXTURES,  EQUIPMENT  AND CAPITAL IMPROVEMENTS NECESSARY FOR OR
ASSOCIATED WITH A NOT-FOR-PROFIT DAY CARE FACILITY.
  S 2. Section 1 of chapter 392 of the laws of  1973,  constituting  the
New York state medical care facilities finance agency act, is amended by
adding a new section 5-g to read as follows:
  S  5-G.  LOANS  FOR NOT-FOR-PROFIT DAY CARE FACILITIES. THE AGENCY MAY
MAKE MORTGAGE LOANS TO  A  NON-PROFIT  HOSPITAL  CORPORATION,  A  COUNTY
HOSPITAL,  A MUNICIPAL HOSPITAL, OR A NON-PROFIT CORPORATION PROVIDING A
RESIDENTIAL HEALTH CARE FACILITY, UPON TERMS AND CONDITIONS AS IT  DEEMS
PROPER.  THE  PROCEEDS  OF  SUCH  LOAN  ARE  TO BE USED SUBSTANTIALLY TO
FINANCE THE ACQUISITION THROUGH PURCHASE OR LEASE OF STRUCTURES,  BUILD-
INGS  AND EQUIPMENT INCLUDING CONSTRUCTION AND REHABILITATION RELATED TO
SUCH PROPERTY OR THE INSTALLATION OF SUCH EQUIPMENT  DIRECTLY  CONNECTED
WITH OR ATTENDANT TO THE OPERATION OF A NOT-FOR-PROFIT DAY CARE FACILITY
LOCATED IN OR AS PART OF SUCH A HOSPITAL OR HEALTH CARE FACILITY.
  S 3.  This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06237-01-1

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Senate Bill S3732

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Sponsored By

Suzi Oppenheimer