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S 7364

Authorizes the dormitory authority to provide financing to the Dutchess Community College Association, Inc. for the construction of facilities

2025 Regular Session Introduced by Rob Rolison

DASNY would finance construction/facilities for Dutchess Community College Association, enabling capital projects and related improvements.

SUBSTITUTED BY A7994B
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Bill Summary · S 7364

Summary — S.7364 (2025)

Title: Authorizes the dormitory authority to provide financing to the Dutchess Community College Association, Inc. for the construction of facilities
Sponsor: Senator Robert Rolison
Introduced: April 11, 2025
Status: SUBSTITUTED BY A7994B (June 13, 2025)

Purpose / Intent

The bill would authorize the Dormitory Authority of the State of New York (DASNY) to provide financing to the Dutchess Community College Association, Inc. (DCCA) to support the construction of facilities. The stated intent is to permit DASNY to assist the not‑for‑profit association that supports Dutchess Community College (a SUNY community college) in securing capital financing for campus facility projects and related improvements.

Key provisions

Because the full bill text is not included here, the measure is summarized by its title and legislative actions. The bill generally would:

  • Authorize DASNY to enter into financing arrangements with the Dutchess Community College Association, Inc. to fund the construction of facilities (capital projects or improvements) serving Dutchess Community College.
  • Permit DASNY to issue or arrange debt instruments (for example, bonds or notes) and to execute financing documents, mortgages, security agreements, or other instruments customary to DASNY financings in order to secure repayment.
  • Allow DASNY and the DCCA to negotiate terms (amounts, maturities, security and repayment sources) consistent with DASNY’s statutory authority and standard practices for financing not‑for‑profit educational projects.

Specific dollar amounts, borrowing limits, security provisions, or repayment obligations are not provided in the public summary of S.7364; those details (if any) would appear in the bill text, DASNY agreements, or an accompanying fiscal note.

Who is affected

  • Primary beneficiary: Dutchess Community College Association, Inc., and by extension Dutchess Community College — enabling capital construction or renovation projects.
  • Secondary beneficiaries: students, faculty, staff, local contractors, and the local economy that may benefit from construction and improved facilities.
  • Fiscal impact/obligations: The DCCA would be responsible for repaying borrowed amounts under the financing terms; the extent of state exposure depends on whether the financing is structured as state‑supported debt or as revenue/auxiliary‑backed debt. A fiscal note would clarify state and local budgetary effects.

Legislative status and timeline

  • April 11, 2025 — Referred to Corporations, Authorities and Commissions (Senate).
  • April 28, 2025 — Printed as 7364A; amended and recommitted to committee.
  • May 15, 2025 — Printed as 7364B; amended and recommitted.
  • June 12, 2025 — Ordered to third reading; committee discharged and bill committed to Rules.
  • June 13, 2025 — SUBSTITUTED BY A7994B (the Assembly companion bill replaced the Senate version).

Because S.7364 was substituted by Assembly bill A7994B, further action and the final statutory language should be followed under A7994B. For details on financial terms, fiscal impact, or enacted provisions, consult the text and fiscal note of A7994B and any DASNY financing documents.

Compiled from official sources — confirm details with the bill’s official record.

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