NY A03184

Directs the out-of-state placement committee to develop a residential bed plan addressing current and future programmatic and physical plant needs for residential schools and facilities, including institutions for children and community residences, based on agency data and projected service needs.

Requires the committee to forward the residential bed plan to the governor, legislative leaders, and state agencies as soon as practicable but no later than the annual progress report, with annual updates thereafter.

Authorizes the dormitory authority to provide financing for construction of new residential facilities and renovation or rehabilitation of existing residential schools and facilities consistent with the approved residential bed plan, up to a maximum of $30 million in bonds or notes.

Establishes requirements for lease agreements between the dormitory authority and not-for-profit residential facility operators, including establishment of dedicated accounts for revenue, mortgage or property security interests, requirements for continued operation, and payment provisions for debt service.

Creates a capital financing add-on rate for residential schools and facilities financed through the dormitory authority, making payors responsible for 100 percent of capital costs per child placed in these facilities, subject to state reimbursement.