NY A10748

Amends the Local Finance Law to modify the depreciation schedule for East Hampton Airport improvements, specifically adding perimeter fencing as an eligible improvement with a 30-year bond term.

Removes provisions allowing bonds for original furnishings, equipment, machinery, and apparatus at the airport.

Adds authorization for bonds to finance an above-ground aircraft fuel farm including connecting pipes, valves, meters, pumps, concrete spill containment facility, and appurtenant facilities with a 25-year bond term.

Takes effect on the same date as the related 2016 legislation (S. 3690 and A. 5245) authorizing airport improvement bonds.