Amd §4-a, Chap 899 of 1984; amd §4, rpld §3, Chap of 2015 (as proposed in S.5813-B and A.7974-B)
Amends provisions relating to the management of the Roosevelt Island public benefit corporation; amends provisions relating to the effectiveness thereof; repeals certain provisions relating to not-for-profit grant distribution.
STATE OF NEW YORK
________________________________________________________________________
9177
IN ASSEMBLY
February 1, 2016
___________
Introduced by M. of A. SEAWRIGHT -- read once and referred to the
Committee on Corporations, Authorities and Commissions
AN ACT to amend chapter 899 of the laws of 1984, relating to the
creation of a public benefit corporation to plan, develop, operate,
maintain and manage Roosevelt Island, relating to the management of
such corporation, in relation to not-for-profit grant distribution; to
amend a chapter of the laws of 2015, amending chapter 899 of the laws
of 1984 relating to the creation of a public benefit corporation to
plan, develop, operate, maintain and manage Roosevelt Island, relating
to the management of such corporation, as proposed in legislative
bills numbers S.5813-B and A.7974-B, in relation to the effectiveness
thereof; and to repeal section 3 of a chapter of the laws of 2015,
amending the public authorities law, relating to the management of the
Roosevelt Island operating corporation, as proposed in legislative
bills numbers S.5813-B and A.7974-B relating to not-for-profit grant
distribution
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 4-a of chapter 899 of the laws of 1984, relating to
2 the creation of a public benefit corporation to plan, develop, operate,
3 maintain and manage Roosevelt Island, as added by a chapter of the laws
4 of 2015, amending chapter 899 of the laws of 1984 relating to the
5 creation of a public benefit corporation to plan, develop, operate,
6 maintain and manage Roosevelt Island, relating to the management of such
7 corporation, as proposed in legislative bills numbers S.5813-B and
8 A.7974-B, is amended to read as follows:
9 § 4-a. Not-for-profit grant distribution. 1. The corporation is
10 authorized to provide financial assistance in the form of grants to
11 not-for-profit corporations [or governmental agencies] that provide
12 direct services or benefits to the residents of Roosevelt Island, the
13 totality of such grants not to exceed 3% per annum of the operating
14 budget of the corporation, and upon the approval of a majority of the
15 entire board of the corporation.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11372-17-6
A. 9177 2
1 2. [On or before May 1, 2016] Annually, within ninety days after the
2 end of the fiscal year of the corporation, the corporation shall post a
3 report on its website that shall list and [describe the purpose of each
4 grant issued between 2010 and 2015. Such report shall also describe the
5 resulting public benefit of each grant] identify each grant recipient in
6 such fiscal year, the amount provided to each recipient, and a general
7 description of the public benefit of each grant.
8 § 2. Section 4 of a chapter of the laws of 2015, amending chapter 899
9 of the laws of 1984 relating to the creation of a public benefit corpo-
10 ration to plan, develop, operate, maintain and manage Roosevelt Island,
11 relating to the management of such corporation, as proposed in legisla-
12 tive bills numbers S.5813-B and A.7974-B, is amended to read as follows:
13 § 4. This act shall take effect immediately [and shall expire and be
14 deemed repealed December 31, 2016; provided, however, section three of
15 this act shall take effect on the same date and in the same manner as a
16 chapter of the laws of 2015, amending the public authorities law relat-
17 ing to the Roosevelt Island operating corporation, as proposed in legis-
18 lative bills numbers S.922A and A.7430A, takes effect].
19 § 3. Section 3 of a chapter of the laws of 2015, amending the public
20 authorities law, relating to the management of the Roosevelt Island
21 operating corporation, as proposed in legislative bills numbers S.5813-B
22 and A.7974-B, is REPEALED.
23 § 4. This act shall take effect immediately; provided, however, that
24 sections one and three of this act shall take effect on the same date
25 and in the same manner as a chapter of the laws of 2015, amending chap-
26 ter 899 of the laws of 1984 relating to the creation of a public benefit
27 corporation to plan, develop, operate, maintain and manage Roosevelt
28 Island, relating to the management of such corporation, as proposed in
29 legislative bills numbers S.5813-B and A.7974-B, takes effect.
