Bill Text: NY A05654 | 2013-2014 | General Assembly | Amended
Bill Title: Directs the commissioner of parks, recreation and historic preservation to make loans for the installation of sprinkler systems in historic buildings which are listed in the national or state register of historic places; such loans shall be repaid from the fire insurance premium savings; establishes the historic building sprinkler revolving loan fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-02-25 - print number 5654a [A05654 Detail]
Download: New_York-2013-A05654-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
5654--A
2013-2014 Regular Sessions
I N A S S E M B L Y
March 4, 2013
___________
Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the
Committee on Tourism, Parks, Arts and Sports Development -- recommit-
ted to the Committee on Tourism, Parks, Arts and Sports Development in
accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
tee
AN ACT to amend the parks, recreation and historic preservation law, in
relation to establishing loans for the purchase and installation of
sprinkler systems in historic buildings; and to amend the state
finance law, in relation to establishing the historic building sprin-
kler revolving loan fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. The parks, recreation and historic preservation law is
2 amended by adding a new section 14.11 to read as follows:
3 S 14.11 HISTORIC BUILDINGS; SPRINKLER SYSTEM LOANS. 1. THE COMMISSION-
4 ER SHALL MAKE, UPON APPLICATION DULY MADE, LOANS TO OPERATORS OF HISTOR-
5 IC BUILDINGS WHICH ARE EITHER IN THE NATIONAL REGISTER OR STATE REGIS-
6 TER, FOR THE PURCHASE AND INSTALLATION OF SPRINKLER SYSTEMS THEREIN.
7 2. EACH RECIPIENT OF A LOAN GRANTED PURSUANT TO THIS SECTION SHALL
8 REPAY IT FROM THE MONEYS SAVED AS THE RESULT OF THE REDUCTION IN FIRE
9 INSURANCE PREMIUMS DUE TO THE INSTALLATION OF A SPRINKLER SYSTEM IN THE
10 HISTORIC BUILDING. NO LOAN AUTHORIZED BY THIS SECTION SHALL BEAR ANY
11 INTEREST THEREON.
12 3. THE COMMISSIONER SHALL HAVE THE POWER TO MAKE SUCH RULES AND REGU-
13 LATIONS AS MAY BE NECESSARY AND PROPER TO EFFECTUATE THE PURPOSES OF
14 THIS SECTION.
15 4. THE COMMISSIONER SHALL, TO THE MAXIMUM EXTENT FEASIBLE, SEEK TO
16 PROVIDE THAT LOANS AUTHORIZED BY THIS SECTION REFLECT AN APPROPRIATE
17 GEOGRAPHIC DISTRIBUTION AND ARE DISTRIBUTED EQUITABLY.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09231-02-4
A. 5654--A 2
1 S 2. The state finance law is amended by adding a new section 99-v to
2 read as follows:
3 S 99-V. HISTORIC BUILDING SPRINKLER REVOLVING LOAN FUND. 1. THERE IS
4 HEREBY ESTABLISHED WITHIN THE CUSTODY OF THE STATE COMPTROLLER A SPECIAL
5 FUND TO BE KNOWN AS THE "HISTORIC BUILDING SPRINKLER REVOLVING LOAN
6 FUND".
7 2. SUCH FUND SHALL CONSIST OF ALL MONEYS APPROPRIATED FOR ITS PURPOSE,
8 ALL MONEYS TRANSFERRED TO SUCH FUND PURSUANT TO LAW, AND ALL MONEYS
9 REQUIRED TO BE PAID INTO OR CREDITED TO THIS FUND, INCLUDING ALL MONEYS
10 RECEIVED BY THE FUND OR DONATED TO IT, AND PAYMENTS OF PRINCIPAL ON
11 LOANS MADE FROM THE FUND.
12 3. MONEYS OF THE FUND, WHEN ALLOCATED, SHALL BE MADE AVAILABLE TO THE
13 COMMISSIONER OF PARKS, RECREATION AND HISTORIC PRESERVATION TO MAKE
14 LOANS PURSUANT TO SECTION 14.11 OF THE PARKS, RECREATION AND HISTORIC
15 PRESERVATION LAW.
16 S 3. This act shall take effect immediately.
