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A04421 Summary:

BILL NOA04421
 
SAME ASNo Same As
 
SPONSORO'Donnell
 
COSPNSR
 
MLTSPNSR
 
Add §1678-b, Pub Auth L
 
Prohibits the expenditure of moneys of the state by the dormitory authority to private institutions for projects that include the construction of a hotel or similar lodging facility, not including student housing.
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A04421 Actions:

BILL NOA04421
 
02/04/2021referred to corporations, authorities and commissions
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A04421 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4421
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 4, 2021
                                       ___________
 
        Introduced  by  M.  of  A.  O'DONNELL  --  read once and referred to the
          Committee on Corporations, Authorities and Commissions
 
        AN ACT to amend the public authorities law, in relation  to  prohibiting
          the  expenditure  of  moneys  of the state to private institutions for
          projects that include the construction of a hotel

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  The  public  authorities  law  is amended by adding a new
     2  section 1678-b to read as follows:
     3    §  1678-b.  Prohibition  of  funds  for  certain  authority  projects.
     4  Notwithstanding any other provision of law to the contrary, the dormito-
     5  ry  authority of the state of New York shall not issue bonds or notes to
     6  finance a project for a private  institution  or  organization  if  such
     7  project  includes  provisions relating to the construction of a hotel or
     8  similar lodging facility; provided,  however,  this  section  shall  not
     9  apply to student housing.
    10    §  2.  Notwithstanding any provision of law to the contrary, no moneys
    11  of the state, any political  subdivision  thereof  or  public  authority
    12  shall  be  expended  to  educational  institutions  for any project that
    13  includes the construction  of  a  hotel  or  similar  lodging  facility;
    14  provided, however, this section shall not apply to student housing.
    15    § 3. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08919-01-1
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