STATE OF NEW YORK
________________________________________________________________________
985
2017-2018 Regular Sessions
IN SENATE
January 5, 2017
___________
Introduced by Sen. LAVALLE -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT to amend the local finance law, in relation to the issuance of
bonds to finance airport improvements at the East Hampton Airport
The People of the State of New York, represented in Senate and Assem-
bly, do enact as follows:
1 Section 1. Subdivision 14-a of paragraph a of section 11.00 of the
2 local finance law, as added by a chapter of the laws of 2016 amending
3 the local finance law relating to the issuance of bonds to finance
4 airport improvements at the East Hampton Airport, as proposed in legis-
5 lative bill numbers S. 3690 and A. 5245, is amended to read as follows:
6 14-a. Airport construction and improvement of the East Hampton
7 Airport. The construction, reconstruction, or extension of the East
8 Hampton Airport, whether or not including buildings, hangars, runways,
9 taxi-strips, paved areas, perimeter fencing, grading, filling, drain-
10 age[,] or other site work, [original furnishings, equipment, machinery
11 or apparatus,] thirty years; the acquisition [or replacement of such
12 equipment, machinery or apparatus, thirty years] and installation of an
13 above ground aircraft fuel farm at the East Hampton Airport, including
14 connecting pipes, valves, meters, pumps, concrete spill containment
15 facility, and appurtenant facilities, twenty-five years.
16 § 2. This act shall take effect on the same date and in the same
17 manner as a chapter of the laws of 2016 amending the local finance law
18 relating to the issuance of bonds to finance airport improvements at the
19 East Hampton Airport, as proposed in legislative bill numbers S. 3690
20 and A. 5245, takes effect.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07077-01-7