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NY S08224

Bill

Official Source

Status

Introduced

12/23/2016

Primary Sponsor

Kenneth LaValle

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Amends the Local Finance Law to modify the bond issuance provisions for East Hampton Airport improvements
  • Adds perimeter fencing to the list of eligible airport construction and improvement projects covered by a 30-year financing term
  • Removes references to original furnishings, equipment, machinery, and apparatus from the 30-year category
  • Establishes a new 25-year financing term for the acquisition and installation of an above-ground aircraft fuel farm, including connecting pipes, valves, meters, pumps, concrete spill containment facility, and appurtenant facilities
  • Takes effect on the same date as the 2016 legislation (S. 3690/A. 5245) relating to East Hampton Airport bond issuance

Legislative Description

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

Last Action

REFERRED TO RULES

12/23/2016

Committee Referrals

Rules12/23/2016

Full Bill Text

No bill text available