S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1861
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 16, 2019
                                ___________
 
 Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 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.
   § 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD04889-01-9

 S. 1861                             2
 
 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.
 ALL STATE AND LOCAL OFFICERS ARE HEREBY AUTHORIZED TO PAY ALL SUCH FUNDS
 SO ASSIGNED AND PLEDGED TO THE DORMITORY AUTHORITY OR, UPON DIRECTION OF
 THE DORMITORY AUTHORITY, TO ANY TRUSTEE OF ANY DORMITORY AUTHORITY  BOND
 OR  NOTE  ISSUE,  PURSUANT TO A CERTIFICATE FILED WITH ANY SUCH STATE OR
 LOCAL OFFICER BY THE DORMITORY AUTHORITY PURSUANT TO THE  PROVISIONS  OF
 THIS SECTION.
   § 3. Any contracts entered into by the dormitory authority pursuant to
 this act shall be deemed state contracts within the meaning of that term
 as  set  forth  in  article 15-A of the executive law, and the authority
 shall be deemed, for the purposes of this act, a contracting  agency  as
 that term is used in such article.
   §  4. The expiration and repeal of sections one, two and three of this
 act shall not affect or impair in any manner any bonds  issued,  or  any
 loan made to any borrower, pursuant to the provisions of this act  prior
 to the expiration of such sections.
   §  5.  This  act shall take effect immediately and shall expire and be
 deemed repealed December 31, 2024.