Bill Text: NY S08919 | 2017-2018 | General Assembly | Introduced

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Bill Title: Increases the limit of certain funding by the dormitory authority for financing of capital facilities for state-supported schools for blind and deaf students.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-06-04 - REFERRED TO RULES [S08919 Detail]

Download: New_York-2017-S08919-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8919
                    IN SENATE
                                      June 4, 2018
                                       ___________
        Introduced  by  Sen.  MARCELLINO  -- read twice and ordered printed, and
          when printed to be committed to the Committee on Rules
        AN ACT to amend the education law, in relation to increasing  the  limit
          of certain funding by the dormitory authority for financing of capital
          facilities for state-supported schools for blind and deaf students
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 10 of section 407-b of the  education  law,  as
     2  amended  by  chapter  31  of  the  laws  of  1996, is amended to read as
     3  follows:
     4    10. Notwithstanding any other provision of law to  the  contrary,  the
     5  dormitory  authority  may execute leases, subleases, or other agreements
     6  with state supported schools for financing of the design,  construction,
     7  rehabilitation,   improvement,  renovation,  acquisition  or  provision,
     8  furnishing or equipping of capital facilities; provided,  however,  that
     9  during the two year period commencing July first, nineteen hundred nine-
    10  ty-five,  the amount of bonds inclusive of principal, interest and issu-
    11  ance costs to be issued for each individual lease,  sublease,  or  other
    12  agreement  shall  not  exceed fifteen million dollars annually; provided
    13  further that the interest on such bonds  may  not  be  deferred  through
    14  additional borrowing; and provided finally that the total amount of such
    15  bonds for all such leases, subleases, or agreements with state supported
    16  schools  during such period shall not exceed [sixty-five] ninety million
    17  dollars.
    18    On or before September first of  each  year,  the  commissioner  shall
    19  submit  to  the  chairs  of  the  assembly ways and means committee, the
    20  senate finance committee and the director of the budget, a capital  plan
    21  for  those  projects  expected  to be bonded for state supported schools
    22  pursuant to this section, within such [sixty-five] ninety million dollar
    23  allowance. After application of the principles  of  the  capital  assets
    24  preservation  program,  such  plan  shall  accord priority to health and
    25  safety considerations and shall specify the  name,  location,  estimated
    26  total  cost  of  the  project  at the time the project is to be bid, the
    27  anticipated bid date and the anticipated completion date and may contain
    28  any further recommendations the commissioner may deem appropriate.
    29    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD16168-01-8