Bill Text: NY S08224 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to the issuance of bonds to finance airport improvements at the East Hampton Airport.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-12-23 - REFERRED TO RULES [S08224 Detail]

Download: New_York-2015-S08224-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8224
                    IN SENATE
                                    December 23, 2016
                                       ___________
        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.
                                                                   LBD08014-02-6