Assembly Bill A9240

2015-2016 Legislative Session

Makes provision for construction and financing of facilities for the New York state library association

download bill text pdf

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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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2015-A9240 (ACTIVE) - Details

See Senate Version of this Bill:
S6651
Current Committee:
Assembly Ways And Means
Law Section:
Public Authorities Law
Laws Affected:
Amd ยงยง1676 & 1680, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2017-2018: A2811, S3022
2019-2020: A1583, S1861
2021-2022: A4012, S2715

2015-A9240 (ACTIVE) - Summary

Makes provisions for construction and financing of facilities for the New York state library association by the dormitory authority; permits payment or assignment of public moneys to the authority; limits bond amount to five million dollars.

2015-A9240 (ACTIVE) - Bill Text download pdf

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

                                  9240

                          I N  A S S E M B L Y

                            February 4, 2016
                               ___________

Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
  tee on Libraries and Education Technology

AN  ACT  to  amend  the  public  authorities  law,  in  relation  to the
  construction and financing of facilities by  the  dormitory  authority
  for  the New York Library Association; and providing for the repeal of
  such provisions upon expiration thereof

  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:
  THE NON-PROFIT MEMBERS OF THE NEW YORK LIBRARY ASSOCIATION, INC.   FOR
THE  ACQUISITION,  FINANCING,  CONSTRUCTION, RECONSTRUCTION, RENOVATION,
DEVELOPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF LIBRARY FACILITIES.
  S 2. Subdivision 1 of section 1680 of the public  authorities  law  is
amended by adding two new undesignated paragraphs to read as follows:
  THE  NON-PROFIT MEMBERS OF THE NEW YORK LIBRARY ASSOCIATION, INC.  FOR
THE ACQUISITION, FINANCING, REFINANCING,  CONSTRUCTION,  RECONSTRUCTION,
RENOVATION, DEVELOPMENT, IMPROVEMENT, EXPANSION AND EQUIPPING OF LIBRARY
FACILITIES  IN  THE  STATE  OF  NEW  YORK. THE PRINCIPAL AMOUNT OF BONDS
ISSUED BY THE DORMITORY AUTHORITY FOR THE COSTS OF EACH PROJECT  AUTHOR-
IZED  HEREUNDER  SHALL NOT EXCEED FIVE MILLION DOLLARS, EXCEPT FOR BONDS
ISSUED TO REFUND OR REFINANCE BONDS PREVIOUSLY ISSUED FOR SUCH PROJECTS.
  NOTWITHSTANDING ANY OTHER PROVISION OF LAW,  EACH  OF  THE  NON-PROFIT
MEMBERS  OF  THE  NEW  YORK  LIBRARY  ASSOCIATION,  INC.  SUBJECT TO THE
PROVISIONS OF THIS CHAPTER, INCLUDING ASSOCIATION AND  PUBLIC  LIBRARIES
AS  DEFINED  IN  SECTION  TWO  HUNDRED FIFTY-THREE OF THE EDUCATION LAW,
SHALL HAVE FULL POWER AND AUTHORITY TO ASSIGN AND PLEDGE TO THE DORMITO-
RY AUTHORITY, ANY AND ALL PUBLIC FUNDS TO BE  APPORTIONED  OR  OTHERWISE
MADE  PAYABLE  BY  THE  STATE,  A  POLITICAL  SUBDIVISION, AS DEFINED IN
SECTION ONE HUNDRED  OF  THE  GENERAL  MUNICIPAL  LAW,  OR  ANY  LIBRARY
DISTRICT  IN  THE  STATE  IN  AN  AMOUNT SUFFICIENT TO MAKE ALL PAYMENTS
REQUIRED TO BE MADE PURSUANT TO ANY LEASE, SUBLEASE OR  OTHER  AGREEMENT
ENTERED  INTO BETWEEN THE NON-PROFIT MEMBER AND THE DORMITORY AUTHORITY.

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

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