NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A5035
SPONSOR: Giglio JM
 
TITLE OF BILL:
An act to amend chapter 672 of the laws of 1993, amending the public
authorities law relating to the construction and financing of facilities
for certain public libraries, in relation to including the Olean Public
Library
 
PURPOSE OR GENERAL IDEA OF BILL:
To amend chapter 672 of the laws of 1993, amending the public authori-
ties law relating to the construction and financing of facilities for
public libraries, in relation to including the Olean Public Library.
 
SUMMARY OF PROVISIONS:
Amending the public authorities law relating to the construction and
financing facilities for certain public libraries, in relation to
including the Olean Public Library.
 
JUSTIFICATION:
Public libraries are centers for the community and allow citizens of all
ages to immerse themselves in knowledge. With the usage of financial
agencies such as DASNY, a low cost, large issuer of tax-exempt municipal
bonds, it allows public libraries to economically fund renovation and
relocation projects.
 
PRIOR LEGISLATIVE HISTORY:
New Bill
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None
 
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
5035
2023-2024 Regular Sessions
IN ASSEMBLY
February 27, 2023
___________
Introduced by M. of A. J. M. GIGLIO -- read once and referred to the
Committee on Libraries and Education Technology
AN ACT to amend chapter 672 of the laws of 1993, amending the public
authorities law relating to the construction and financing of facili-
ties for certain public libraries, in relation to including the Olean
Public Library
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 5 of chapter 672 of the laws of 1993, amending the
2 public authorities law relating to the construction and financing of
3 facilities for certain public libraries, is amended by adding a new
4 subdivision 55 to read as follows:
5 55. Olean Public Library
6 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08289-01-3