NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A11541
SPONSOR: Rules (Carroll R) TITLE OF BILL:
An act to amend the public authorities law, in relation to providing for
the financing and construction of capital facilities for Yeshiva Ohr
Yoseph
PURPOSE:
To enable the Dormitory Authority to determine funding eligibility for
Yeshiva Ohr Yoseph in accordance with the Dormitory Authority's financ-
ing guidelines and procedures.
JUSTIFICATION:
In order to receive financing through the Dormitory Authority, Yeshiva
Ohr Yoseph must be included in § 1676 and § 1680 of the public authori-
ties law as an organization eligible for such consideration. The enact-
ment of this bill into law would not mean that the Authority will under-
take financing on behalf of this institution, but will permit the
institution to make application for such funding. Any such determination
will be made by the Authority's board in accordance with the Authority's
financing guidelines and procedures.
LEGISLATIVE HISTORY:
New bill.
FISCAL IMPACT ON THE STATE:
None.
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
11541
IN ASSEMBLY
June 1, 2026
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. R. Carroll)
-- read once and referred to the Committee on Corporations, Authori-
ties and Commissions
AN ACT to amend the public authorities law, in relation to providing for
the financing and construction of capital facilities for Yeshiva Ohr
Yoseph
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 Yeshiva Ohr Yoseph, an independent, not-for-profit private, accredited
5 college/school of higher learning, that is exempt from federal income
6 tax as an organization described in § 501(c)(3) of the Internal Revenue
7 Code for the financing, acquisition and equipping of a building to be
8 located at 1128 36th Street, Kings County, New York to be used as a
9 school.
10 § 2. Subdivision 1 of section 1680 of the public authorities law is
11 amended by adding a new undesignated paragraph to read as follows:
12 Yeshiva Ohr Yoseph, an independent, not-for-profit private, accredited
13 college/school of higher learning, that is exempt from federal income
14 tax as an organization described in § 501(c)(3) of the Internal Revenue
15 Code for the financing, acquisition and equipping of a building to be
16 located at 1128 36th Street, Kings County, New York to be used as a
17 school.
18 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD16046-01-6
