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S05612 Summary:

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S05612 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5612
 
                               2011-2012 Regular Sessions
 
                    IN SENATE
 
                                      June 7, 2011
                                       ___________
 
        Introduced  by  Sen.  GOLDEN -- 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 authorizing
          the dormitory authority to construct and finance certain facilities of
          Xavier High School in New York City
 

          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    Xavier High School, for the financing or refinancing, or reimbursement
     5  of the costs of the aquisition,  design,  construction,  reconstruction,
     6  rehabilitation,  improvement,  furnishing and equipping of, or otherwise
     7  providing for, Xavier High School at its facility  located  at  30  West
     8  16th  Street  in the city of New York, to serve as a school for students
     9  in grades nine through twelve; provided, however, that the aggregate sum
    10  of any bonds issued for such purpose shall not exceed fifty-five million

    11  dollars.
    12    § 2. Subdivision 1 of section 1680 of the public  authorities  law  is
    13  amended by adding a new undesignated paragraph to read as follows:
    14    Xavier High School, for the financing or refinancing, or reimbursement
    15  of  the  costs  of the aquisition, design, construction, reconstruction,
    16  rehabilitation, improvement, furnishing and equipping of,  or  otherwise
    17  providing  for,  Xavier  High  School at its facility located at 30 West
    18  16th Street in the city of New York, to serve as a school  for  students
    19  in grades nine through twelve; provided, however, that the aggregate sum
    20  of any bonds issued for such purpose shall not exceed fifty-five million
    21  dollars.
    22    § 3. Any contracts entered into by the dormitory authority pursuant to

    23  this act shall be deemed state contracts within the meaning of that term
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10907-01-1
        S. 5612                             2
 
     1  as  set  forth  in  article 15-A of the executive law, and the authority
     2  shall be deemed, for the purposes of this act, a contracting  agency  as
     3  that term is used in such article.
     4    § 4. This act shall take effect immediately.