S T A T E O F N E W Y O R K
________________________________________________________________________
8956--B
I N S E N A T E
May 2, 2022
___________
Introduced by Sen. MANNION -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions -- reported favorably from said committee and commit-
ted to the Committee on Finance -- committee discharged, bill amended,
ordered reprinted as amended and recommitted to said committee --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the public authorities law, in relation to the Syracuse
regional airport
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivisions 1, 2 and 6 of section 2799-ddd of the public
authorities law, as added by chapter 463 of the laws of 2011, are
amended to read as follows:
1. There is hereby created the Syracuse regional airport authority.
The authority shall be a body corporate and politic constituting a
public benefit corporation. The authority shall consist of eleven
members who shall be appointed as follows: seven shall be appointed by
the mayor of the city of Syracuse, one shall be appointed by the county
executive of Onondaga county, one shall be appointed by the town board
of the town of Dewitt, one shall be appointed by the board of education
of the East Syracuse Minoa Central School District, and one shall be
appointed for a period of one year, alternately, by the board of educa-
tion of the North Syracuse Central School District and the town board of
the town of Salina, Cicero or Clay. The member initially appointed by
the county executive and two of the members initially appointed by the
mayor shall serve for a term ending December thirty-first, two thousand
fourteen. Two of the members initially appointed by the mayor shall
serve for a term ending December thirty-first, two thousand fifteen.
Three members initially appointed by the mayor, the member appointed by
the town board of the town of Dewitt, and the member appointed by the
board of education of the East Syracuse Minoa Central School District,
shall serve for a term ending December thirty-first, two thousand
sixteen. The first member appointed by the town board of the town of
Salina, Cicero or Clay, or by the board of education of the North Syra-
cuse Central School District, shall be appointed by the town board of
the town of Cicero and shall serve for a term ending December thirty-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13333-09-2
S. 8956--B 2
first, two thousand thirteen. Following the expiration of such member's
[one] TWO year term, the subsequently appointed member shall be
appointed by the town board of the town of Salina. Following the expi-
ration of such member's [one] TWO year term, the subsequently appointed
member shall be appointed by the town board of the town of Clay. Follow-
ing the expiration of such member's [one] TWO year term, the subsequent-
ly appointed member shall be appointed by the board of education of the
North Syracuse Central School District. Thereafter, each subsequent
member shall be appointed alternately by each town or the board of
education in the same order as the initial appointments. The mayor
shall designate one of the eleven members to serve as chairperson of the
authority. With the exception of the member appointed by the board of
education of the North Syracuse Central School District or by the town
board of the town of Salina, Cicero or Clay, who shall serve a [one] TWO
year term, and those initial appointees whose terms are three years or
less, each member shall serve a term of four years.
2. All members shall continue to hold office until their successors
are appointed and qualify. PROVIDED THAT UPON A NEW MAYOR OF THE CITY
TAKING OFFICE, THE INCOMING MAYOR MAY REPLACE THE CITY APPOINTEE WITH
THE SHORTEST REMAINING TERM WITH A NEW APPOINTEE. Vacancies shall be
filled in the manner provided for original appointment. Vacancies,
occurring otherwise than by expiration of term of office, shall be
filled for the unexpired terms. Members may be removed from office for
the same reasons and in the same manner as may be provided by [law for
the removal of officers of the city] SECTION TWENTY-EIGHT HUNDRED TWEN-
TY-SEVEN OF THIS CHAPTER. The members of the authority shall receive no
compensation for their services but shall be reimbursed for all their
actual and necessary expenses incurred in connection with the carrying
out of the purposes of this title. The powers of the authority shall be
vested in and be exercised by the members of the authority at a meeting
duly called and held and a majority of directors shall constitute a
quorum. No action shall be taken except pursuant to the favorable vote
of at least a majority of members. The members of the authority may
delegate to one or more of its members, officers, agents or employees
such powers and duties as it may deem proper.
6. All members of the authority will be required to comply with the
[city of Syracuse code of ethics] PROVISIONS OF THIS CHAPTER and to
complete all disclosure forms required by [said code of ethics] THIS
CHAPTER.
§ 2. Section 2799-hhh of the public authorities law is amended by
adding a new subdivision 8 to read as follows:
8. THE AUTHORITY MAY ACQUIRE, HOLD, OWN, LEASE, ESTABLISH, CONSTRUCT,
EFFECTUATE, OPERATE, MAINTAIN, RENOVATE, IMPROVE, EXTEND OR REPAIR ANY
OF ITS FACILITIES THROUGH, AND CAUSE ANY ONE OR MORE OF ITS POWERS,
DUTIES, FUNCTIONS OR ACTIVITIES TO BE EXERCISED OR PERFORMED BY, NO
MORE THAN TWO WHOLLY OWNED SUBSIDIARY CORPORATIONS OF THE AUTHORITY
FOR THE PURPOSES OF OPERATING PARKING AND CONCESSIONS INCLUDING FOOD,
BEVERAGE, AND RETAIL SERVICES, AND AIRLINE AND AIRCRAFT SERVICES INCLUD-
ING TICKETING, BAGGAGE AND FUELING SERVICES AND OTHER SERVICES FOR THE
OPERATION OF THE AIRPORT. THE AUTHORITY MAY TRANSFER TO OR FROM ANY
SUCH CORPORATION, OR BETWEEN SUCH CORPORATIONS, ANY MONEYS, REAL PROPER-
TY OR OTHER PROPERTY OR THE SERVICES OF ANY OFFICERS, EMPLOYEES
OR CONSULTANTS FOR ANY OF THE PURPOSES OF THIS TITLE. THE DIRECTORS
OR MEMBERS OF EACH SUCH SUBSIDIARY CORPORATION SHALL BE THE SAME PERSONS
HOLDING THE OFFICES OF MEMBERS OF THE AUTHORITY. EACH SUCH SUBSIDIARY
CORPORATION AND ANY OF ITS PROPERTY, FUNCTIONS AND ACTIVITIES SHALL HAVE
S. 8956--B 3
ALL OF THE PRIVILEGES, IMMUNITIES, TAX EXEMPTIONS AND OTHER EXEMPTIONS
OF THE AUTHORITY AND OF THE AUTHORITY'S PROPERTY, FUNCTIONS AND ACTIV-
ITIES. EACH SUCH SUBSIDIARY CORPORATION SHALL BE SUBJECT TO THE
RESTRICTIONS AND LIMITATIONS TO WHICH THE AUTHORITY MAY BE SUBJECT. EACH
SUCH SUBSIDIARY CORPORATION SHALL BE SUBJECT TO SUIT IN ACCORDANCE WITH
SECTION TWENTY-SEVEN HUNDRED NINETY-NINE-WWW OF THIS TITLE. THE EMPLOY-
EES OF ANY SUCH SUBSIDIARY CORPORATION, EXCEPT THOSE WHO ARE ALSO
EMPLOYEES OF THE AUTHORITY, SHALL NOT BE DEEMED EMPLOYEES OF THE AUTHOR-
ITY.
§ 3. Section 2799-iii of the public authorities law, as added by chap-
ter 463 of the laws of 2011, is amended to read as follows:
§ 2799-iii. City [approval] NOTICE required. Notwithstanding any
inconsistent provision of this title, no project having an aggregate
cost exceeding ten million dollars, including but not limited to the
acquisition of real property by the authority or the expansion of the
authority's aviation facilities, may be undertaken by the authority
unless THE AUTHORITY HAS PROVIDED NOTICE OF such project [is approved by
ordinance of] TO the Syracuse common council [adopted by a majority vote
and approved by] AND the mayor.
§ 4. Subdivision 1 of section 2799-jjj of the public authorities law,
as added by chapter 463 of the laws of 2011, is amended to read as
follows:
1. The authority shall have the power and is hereby authorized from
time to time to issue bonds, notes or other obligations to pay the cost
of any project or for any other corporate purpose, including the estab-
lishment of reserves to secure the bonds, the payment of principal of,
premium, if any, and interest on the bonds and the payment of incidental
expenses in connection therewith. The aggregate principal amount of
such bonds, notes or other obligations shall not exceed [two] THREE
hundred million dollars [($200,000,000)] ($300,000,000), excluding
bonds, notes or other obligations issued to refund or otherwise repay
bonds, notes or other obligations theretofore issued for such purposes;
provided, however, that upon any such refunding or repayment the total
aggregate principal amount of outstanding bonds, notes or other obli-
gations may be greater than [two] THREE hundred million dollars
[($200,000,000)] ($300,000,000) only if the present value of the aggre-
gate debt service of their funding or repayment bonds, notes or other
obligations to be issued shall not exceed the present value of the
aggregate debt service of the bonds, notes or other obligations so to be
refunded or repaid. For purposes of this section, the present values of
the aggregate debt service of the refunding or repayment bonds, notes or
other obligations and of the aggregate debt service of the bonds, notes
or other obligations so refunded or repaid, shall be calculated by
utilizing the effective interest rate of the refunding or repayment
bonds, notes or other obligations, which shall be that rate arrived at
by doubling the semi-annual interest rate (compounded semi-annually)
necessary to discount the debt service payments on the refunding or
repayment bonds, notes or other obligations from the payment dates ther-
eof to the date of issue of the refunding or repayment bonds, notes or
other obligations and to the price bid including estimated accrued
interest or proceeds received by the authority including estimated
accrued interest from the sale thereof. The authority shall have power
and is hereby authorized to enter into such agreements and perform such
acts as may be required under any applicable federal legislation to
secure a federal guarantee of any bonds.
§ 5. This act shall take effect immediately.
