Bill Text: NY S01079 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides authority for financing and construction of a building to be used as a school for Mesivta Torah Vodaath Rabbinical Seminary by the dormitory authority.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2012-01-04 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S01079 Detail]

Download: New_York-2011-S01079-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1079
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                    January 5, 2011
                                      ___________
       Introduced  by  Sens. PARKER, JOHNSON -- 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 providing for
         the financing and construction of capital facilities for Mesivta Torah
         Vodaath Rabbinical Seminary
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (b) of subdivision  2  of  section  1676  of  the
    2  public authorities law is amended by adding a new undesignated paragraph
    3  to read as follows:
    4    MESIVTA   TORAH   VODAATH   RABBINICAL   SEMINARY,   AN   INDEPENDENT,
    5  NOT-FOR-PROFIT PRIVATE, ACCREDITED COLLEGE/SCHOOL  OF  HIGHER  LEARNING,
    6  THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN S
    7  501(C)(3)  OF  THE  INTERNAL REVENUE CODE FOR THE FINANCING, ACQUISITION
    8  AND EQUIPPING OF A BUILDING TO BE LOCATED AT 425 EAST 9TH STREET,  KINGS
    9  COUNTY, NEW YORK TO BE USED AS A SCHOOL.
   10    S  2.  Subdivision  1 of section 1680 of the public authorities law is
   11  amended by adding a new undesignated paragraph to read as follows:
   12    MESIVTA   TORAH   VODAATH   RABBINICAL   SEMINARY,   AN   INDEPENDENT,
   13  NOT-FOR-PROFIT  PRIVATE,  ACCREDITED  COLLEGE/SCHOOL OF HIGHER LEARNING,
   14  THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN S
   15  501(C)(3) OF THE INTERNAL REVENUE CODE FOR  THE  FINANCING,  ACQUISITION
   16  AND  EQUIPPING OF A BUILDING TO BE LOCATED AT 425 EAST 9TH STREET, KINGS
   17  COUNTY, NEW YORK TO BE USED AS A SCHOOL.
   18    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01568-01-1