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S06426 Summary:

S06426 Actions:

S06426 Committee Votes:

S06426 Floor Votes:

S06426 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         6426--A
            Cal. No. 37
 
                    IN SENATE
 
                                     January 8, 2016
                                       ___________
 
        Introduced  by  Sen. SERRANO -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules -- reported  favora-
          bly  from said committee, ordered to a third reading, passed by Senate
          and delivered to the Assembly, recalled, vote  reconsidered,  restored
          to  third  reading, amended and ordered reprinted, retaining its place
          in the order of third reading
 
        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
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11372-18-6
        S. 6426--A                          2
 
     1  totality of such grants not to exceed 3%  per  annum  of  the  operating
     2  budget  of  the  corporation, and upon the approval of a majority of the
     3  entire board of the corporation.
     4    2.  [On  or before May 1, 2016] Annually, within ninety days after the
     5  end of the fiscal year of the corporation, the corporation shall post  a
     6  report  on its website that shall list and [describe the purpose of each
     7  grant issued between 2010 and 2015. Such report shall also describe  the
     8  resulting public benefit of each grant] identify each grant recipient in
     9  such  fiscal  year, the amount provided to each recipient, and a general
    10  description of the public benefit of each grant.
    11    § 2. Section 4 of a chapter of the laws of 2015, amending chapter  899
    12  of  the laws of 1984 relating to the creation of a public benefit corpo-
    13  ration to plan, develop, operate, maintain and manage Roosevelt  Island,
    14  relating  to the management of such corporation, as proposed in legisla-
    15  tive bills numbers S.5813-B and A.7974-B, is amended to read as follows:
    16    § 4. This act shall take effect immediately [and shall expire  and  be
    17  deemed  repealed  December 31, 2016; provided, however, section three of
    18  this act shall take effect on the same date and in the same manner as  a
    19  chapter  of the laws of 2015, amending the public authorities law relat-
    20  ing to the Roosevelt Island operating corporation, as proposed in legis-
    21  lative bills numbers S.922A and A.7430A, takes effect].
    22    § 3. Section 3 of a chapter of the laws of 2015, amending  the  public
    23  authorities  law,  relating  to  the  management of the Roosevelt Island
    24  operating corporation, as proposed in legislative bills numbers S.5813-B
    25  and A.7974-B, is REPEALED.
    26    § 4. This act shall take effect immediately; provided,  however,  that
    27  sections  one  and  three of this act shall take effect on the same date
    28  and in the same manner as a chapter of the laws of 2015, amending  chap-
    29  ter 899 of the laws of 1984 relating to the creation of a public benefit
    30  corporation  to  plan,  develop,  operate, maintain and manage Roosevelt
    31  Island, relating to the management of such corporation, as  proposed  in
    32  legislative bills numbers S.5813-B and A.7974-B, takes effect.