Bill Text: NY A03308 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides dormitory authority financing for construction of buildings to be used as schools for Mesivta Torah Vodaath Rabbinical Seminary and Yeshivas Novominsk.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Introduced - Dead) 2012-01-04 - referred to corporations, authorities and commissions [A03308 Detail]

Download: New_York-2011-A03308-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3308
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 24, 2011
                                      ___________
       Introduced  by  M.  of  A.  BRENNAN, JACOBS, HIKIND, ABBATE, CYMBROWITZ,
         COLTON, MAISEL -- read once and referred to the  Committee  on  Corpo-
         rations, Authorities and Commissions
       AN ACT to amend the public authorities law, in relation to providing for
         the financing and construction of capital facilities for Mesivta Torah
         Vodaath Rabbinical Seminary and Yeshivas Novominsk
         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 two new undesignated para-
    3  graphs to read as follows:
    4    MESIVTA   TORAH   VODAATH   RABBINICAL   SEMINARY,   AN   INDEPENDENT,
    5  NOT-FOR-PROFIT  PRIVATE,  ACCREDITED  COLLEGE/SCHOOL OF HIGHER LEARNING,
    6  THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN S
    7  501(C)(3) OF THE INTERNAL REVENUE CODE FOR  THE  FINANCING,  ACQUISITION
    8  AND  EQUIPPING OF A BUILDING TO BE LOCATED AT 425 EAST 9TH STREET, KINGS
    9  COUNTY, NEW YORK TO BE USED AS A SCHOOL.
   10    YESHIVAS NOVOMINSK, AN INDEPENDENT, NOT-FOR-PROFIT PRIVATE, ACCREDITED
   11  COLLEGE/SCHOOL OF HIGHER LEARNING, THAT IS EXEMPT  FROM  FEDERAL  INCOME
   12  TAX  AS AN ORGANIZATION DESCRIBED IN S 501(C)(3) OF THE INTERNAL REVENUE
   13  CODE FOR THE FINANCING, ACQUISITION AND EQUIPPING OF A  BUILDING  TO  BE
   14  LOCATED  AT  1690  60TH  STREET,  KINGS COUNTY, NEW YORK TO BE USED AS A
   15  SCHOOL.
   16    S 2. Subdivision 1 of section 1680 of the public  authorities  law  is
   17  amended by adding two new undesignated paragraphs to read as follows:
   18    MESIVTA   TORAH   VODAATH   RABBINICAL   SEMINARY,   AN   INDEPENDENT,
   19  NOT-FOR-PROFIT PRIVATE, ACCREDITED COLLEGE/SCHOOL  OF  HIGHER  LEARNING,
   20  THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN S
   21  501(C)(3)  OF  THE  INTERNAL REVENUE CODE FOR THE FINANCING, ACQUISITION
   22  AND EQUIPPING OF A BUILDING TO BE LOCATED AT 425 EAST 9TH STREET,  KINGS
   23  COUNTY, NEW YORK TO BE USED AS A SCHOOL.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06016-01-1
       A. 3308                             2
    1    YESHIVAS NOVOMINSK, AN INDEPENDENT, NOT-FOR-PROFIT PRIVATE, ACCREDITED
    2  COLLEGE/SCHOOL  OF  HIGHER  LEARNING, THAT IS EXEMPT FROM FEDERAL INCOME
    3  TAX AS AN ORGANIZATION DESCRIBED IN S 501(C)(3) OF THE INTERNAL  REVENUE
    4  CODE  FOR  THE  FINANCING, ACQUISITION AND EQUIPPING OF A BUILDING TO BE
    5  LOCATED  AT  1690  60TH  STREET,  KINGS COUNTY, NEW YORK TO BE USED AS A
    6  SCHOOL.
    7    S 3. This act shall take effect on the fifteenth day  after  it  shall
    8  have become a law.