Makes provisions for construction and financing of facilities for the New York Library Association, Inc. by the dormitory authority; permits payment or assignment of public moneys to the authority; limits bond amount to five million dollars.
STATE OF NEW YORK
________________________________________________________________________
2811--A
2017-2018 Regular Sessions
IN ASSEMBLY
January 23, 2017
___________
Introduced by M. of A. ABINANTI, CAHILL, OTIS, FAHY, LUPARDO, JENNE --
read once and referred to the Committee on Libraries and Education
Technology -- recommitted to the Committee on Libraries and Education
Technology in accordance with Assembly Rule 3, sec. 2 -- 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
construction and financing of facilities by the dormitory authority
for the New York Library Association; and providing for the repeal of
such provisions upon expiration thereof
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 The non-profit members of the New York Library Association, Inc. for
5 the acquisition, financing, construction, reconstruction, renovation,
6 development, improvement, expansion and equipping of library facilities.
7 § 2. Subdivision 1 of section 1680 of the public authorities law is
8 amended by adding two new undesignated paragraphs to read as follows:
9 The non-profit members of the New York Library Association, Inc. for
10 the acquisition, financing, refinancing, construction, reconstruction,
11 renovation, development, improvement, expansion and equipping of library
12 facilities in the state of New York. The principal amount of bonds
13 issued by the dormitory authority for the costs of each project author-
14 ized hereunder shall not exceed five million dollars, except for bonds
15 issued to refund or refinance bonds previously issued for such projects.
16 Notwithstanding any other provision of law, each of the non-profit
17 members of the New York Library Association, Inc. subject to the
18 provisions of this chapter, including association and public libraries
19 as defined in section two hundred fifty-three of the education law,
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03951-03-8
A. 2811--A 2
1 shall have full power and authority to assign and pledge to the dormito-
2 ry authority, any and all public funds to be apportioned or otherwise
3 made payable by the state, a political subdivision, as defined in
4 section one hundred of the general municipal law, or any library
5 district in the state in an amount sufficient to make all payments
6 required to be made pursuant to any lease, sublease or other agreement
7 entered into between the non-profit member and the dormitory authority.
8 All state and local officers are hereby authorized to pay all such funds
9 so assigned and pledged to the dormitory authority or, upon direction of
10 the dormitory authority, to any trustee of any dormitory authority bond
11 or note issue, pursuant to a certificate filed with any such state or
12 local officer by the dormitory authority pursuant to the provisions of
13 this section.
14 § 3. Any contracts entered into by the dormitory authority pursuant to
15 this act shall be deemed state contracts within the meaning of that term
16 as set forth in article 15-A of the executive law, and the authority
17 shall be deemed, for the purposes of this act, a contracting agency as
18 that term is used in such article.
19 § 4. The expiration and repeal of sections one, two and three of this
20 act shall not affect or impair in any manner any bonds issued, or any
21 loan made to any borrower, pursuant to the provisions of this act prior
22 to the expiration of such sections.
23 § 5. This act shall take effect immediately and shall expire and be
24 deemed repealed December 31, 2023.
