Bill Text: NY A03148 | 2013-2014 | General Assembly | Introduced

New York Assembly Bill 3148 (Prior Session Legislation)

Introduced

Bill Title: Relates to establishing certain requirements for the dormitory authority of the state of New York prior to such authority issuing bonds and notes to finance projects for a private institution or organization.

Spectrum: Partisan Bill (Democrat 8-0)

Status: (Introduced - Dead) 2014-01-08 - referred to corporations, authorities and commissions [A03148 Detail]

Download: New_York-2013-A03148-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3148
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 23, 2013
                                      ___________
       Introduced by M. of A. O'DONNELL, GLICK, COLTON -- Multi-Sponsored by --
         M. of A. COOK, MILLMAN, ROBINSON, SCHIMEL -- read once and referred to
         the Committee on Corporations, Authorities and Commissions
       AN  ACT to amend the public authorities law, in relation to establishing
         certain requirements for the dormitory authority of the state  of  New
         York  prior  to  such  authority  issuing  bonds  and notes to finance
         certain projects
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  The  public  authorities  law  is amended by adding a new
    2  section 1678-a to read as follows:
    3    S 1678-A. ADDITIONAL  REQUIREMENTS  FOR  CERTAIN  AUTHORITY  PROJECTS.
    4  NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, PRIOR TO THE
    5  DORMITORY  AUTHORITY OF THE STATE OF NEW YORK ISSUING BONDS AND NOTES TO
    6  FINANCE A PROJECT FOR A PRIVATE INSTITUTION OR ORGANIZATION, THE  DORMI-
    7  TORY AUTHORITY SHALL:
    8    (A)  BE REQUIRED TO PREPARE A STATEMENT ON THE ENVIRONMENTAL IMPACT OF
    9  THE PROJECT SUCH BONDS OR NOTES ARE TO FINANCE, AND THEN HOLD A  HEARING
   10  IN THE COMMUNITY AFFECTED ON SUCH ENVIRONMENTAL IMPACT STATEMENT REGARD-
   11  LESS  OF  WHETHER IT IS FOUND THAT THERE WOULD BE A POSITIVE OR NEGATIVE
   12  IMPACT ON THE ENVIRONMENT DUE TO SUCH PROJECT; AND
   13    (B) REQUIRE ANY PROJECT FOR A PRIVATE INSTITUTION OR ORGANIZATION THAT
   14  SUCH AUTHORITY FUNDS WITH BONDS OR NOTES TO BE CONTEXTUAL IN  APPEARANCE
   15  TO  THE  BUILDINGS  AND  STRUCTURES  SURROUNDING  SUCH PROJECT AND TO BE
   16  APPROVED BY A LOCAL PLANNING OR ZONING BOARD OR OTHER SIMILAR BOARD.  IF
   17  NO SUCH LOCAL BOARD EXISTS THEN THE  OFFICE  OF  PARKS,  RECREATION  AND
   18  HISTORIC  PRESERVATION SHALL BE REQUIRED TO REVIEW THE PROJECT TO DETER-
   19  MINE IF THE PROJECT IS  CONTEXTUAL  IN  APPEARANCE  TO  THE  SURROUNDING
   20  BUILDINGS AND STRUCTURES.
   21    S 2. This act shall take effect on the one hundred twentieth day after
   22  it shall have become a law; provided, however, that effective immediate-
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01576-01-3
       A. 3148                             2
    1  ly,  the  addition,  amendment  and/or  repeal of any rule or regulation
    2  necessary for the implementation of this act on its effective  date  are
    3  authorized  and  directed  to  be  made  and completed on or before such
    4  effective date.