DOCSLIB.ORG

Official Statement Dated July 15, 2021

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Official Statement Dated July 15, 2021 PRELIMINARY OFFICIAL STATEMENT DATED JULY 15, 2021 NEW AND RENEWAL ISSUES RATINGS: (See “RATINGS” herein) BOOK-ENTRY-ONLY BONDS In the opinion of Bond Counsel to the County, under existing statutes, regulations, administrative rulings, and court decisions, and assuming continuing compliance by the County with its covenants relating to certain requirements contained in the Internal Revenue Code of 1986, as amended (the “Code”), and the accuracy of certain representations made by the County, interest on the Series A Bonds is excluded from gross income of the owners thereof for Federal income tax purposes and is not an “item of tax preference” for purposes of the Federal alternative minimum tax imposed on individuals. In the opinion of Bond Counsel, interest on the Series B Bonds is NOT excluded from gross income for Federal income tax purposes. Bond Counsel is also of the opinion that constitute an offer to sell or the under existing statutes interest on the Bonds is exempt from personal income taxes imposed by the State of New York or any political subdivision thereof (including The City of New York). No opinion is expressed regarding other Federal or State tax consequences arising with respect to the Bonds. See “TAX MATTERS” herein. lification under the securities laws of The Series A Bonds will NOT be designated by the County as “qualified tax-exempt obligations” pursuant to the provision of Section 265 of the Code. COUNTY OF SUFFOLK NEW YORK $92,945,000* PUBLIC IMPROVEMENT SERIAL BONDS – 2021 SERIES A (the “Series A Bonds”) Date of Issue: August 13, 2021 Maturity Dates: June 15, 2022-2034 (as shown on the inside cover) $6,915,000* SEWER DISTRICT SERIAL BONDS – 2021 SERIES B (FEDERALLY TAXABLE) (the “Series B Bonds” and together with the Series A Bonds, the “Bonds”) Date of Issue: August 13, 2021 Maturity Dates: June 15, 2022-2036 icial Statement. This Preliminary Official Statement does not (as shown on the inside cover) tion or sale would be unlawful prior to the registration or qua The Bonds are general obligations of the County of Suffolk, New York (the “County”), and will contain a pledge of the faith and credit of the County for the payment of the principal thereof and interest thereon and, unless paid from other sources, the Bonds are payable from ad valorem taxes which may be levied upon all the taxable real property within the County, subject to certain statutory limitations imposed by Chapter 97 of the Laws of 2011 of the State of New York, as amended. See “TAX LEVY LIMITATION LAW,” herein. The Series A Bonds are dated the Date of Issue thereof and will bear interest from such date until maturity at the annual rate or rates as specified by the purchaser of the Series A Bonds, payable on June 15, 2022, December 15, 2022 and semi-annually thereafter on June 15 and December 15 in each year until maturity. The Bonds will mature on June 15, as shown on the inside cover page hereof. The Series A Bonds maturing in certain years are subject to optional redemption prior to their stated maturity. (See “THE BONDS – Optional Redemption,” herein.) The Series B Bonds are dated the Date of Issue thereof and will bear interest from such date until maturity at the annual rate or rates as specified by the purchaser of the Series B Bonds, payable on June 15, 2022, December 15, 2022 and semi-annually thereafter on June 15 and December 15 in each year until maturity. The Bonds will mature on June 15, as shown on the inside cover page hereof. The Series B Bonds maturing in certain years are subject to optional redemption prior to their stated maturity. (See “THE BONDS – Optional Redemption,” herein.) The Bonds will be issued in fully registered form, and when issued, will be registered in the name of Cede & Co., as nominee of The Depository Trust Company (“DTC”), Jersey City, New Jersey. DTC will act as securities depository for the Bonds. Individual purchases may be made in book-entry form only, in the principal amount of $5,000 or integral multiples thereof. Purchasers will not receive certificates representing their ownership interests in the Bonds. Payment of the principal of and interest on the Bonds will be made by the County to DTC, which will in turn remit such principal and interest to its participants for subsequent disbursement to the beneficial owners of the Bonds as described herein. See ed in it are subject to completion and amendment in a final Off “THE BONDS – Book-Entry-Only System” herein. of the Bonds, in any jurisdiction in which such offer, solicita The Bonds of each series are offered when, as, and if issued by the County and accepted by the purchaser(s) thereof, subject to the receipt of the respective final approving opinion of Harris Beach PLLC, Hempstead, New York, Bond Counsel, and certain other conditions. Hawkins Delafield & Wood LLP will deliver an opinion as to certain matters, as Disclosure Counsel to the County. Capital Markets Advisors, LLC has served as Municipal Advisor to the County in connection with the issuance of the Bonds. It is expected that delivery of the Bonds in book-entry form, will be made in Jersey City, New Jersey on their respective Dates of Issue. Harris Beach PLLC has not participated in the preparation of the demographic, financial or statistical data contained in this Official Statement, or verified the accuracy, completeness or fairness thereof, and, accordingly, expresses no opinion with respect thereto. THIS OFFICIAL STATEMENT IS IN A FORM DEEMED FINAL BY THE COUNTY FOR PURPOSES OF SECURITIES AND EXCHANGE COMMISSION nt and the information contain RULE 15c2-12 (THE “RULE”) EXCEPT FOR CERTAIN INFORMATION THAT HAS BEEN OMITTED HEREFROM IN ACCORDANCE WITH SAID and there may not be any sale RULE AND THAT WILL BE SUPPLIED WHEN THIS OFFICIAL STATEMENT IS UPDATED FOLLOWING THE SALE OF THE OBLIGATIONS DESCRIBED HEREIN. FOR A DESCRIPTION OF THE COUNTY’S AGREEMENT TO PROVIDE CONTINUING DISCLOSURE FOR THE BONDS AS DESCRIBED IN THE RULE, SEE “DISCLOSURE UNDERTAKINGS” HEREIN. Dated: July __, 2021 _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ * Preliminary, subject to change pursuant to the accompanying Notice of Bond Sale, as described on the inside cover page hereof. solicitation of an offer to buy, that jurisdiction. This Preliminary Official Stateme The Series A Bonds mature on June 15 in each year, subject to optional redemption, as set forth below: Interest Interest Year Amount* Rate Yield CUSIP*** Year Amount* Rate Yield CUSIP*** 2022 $8,935,000 % % 2029 $6,645,000 % % 2023 8,965,000 2030 6,750,000** 2024 6,890,000 2031 6,860,000** 2025 6,890,000 2032 6,980,000** 2026 6,650,000 2033 7,110,000** 2027 6,475,000 2034 7,240,000** 2028 6,555,000 * The aggregate principal amount of the Series A Bonds and the principal maturities thereof are subject to adjustment following their sale, pursuant to the terms of the accompanying Notice of Bond Sale to achieve substantially level or declining annual debt service as provided in the Local Finance Law and to permit the County to comply with the applicable Federal tax law restrictions. ** Subject to optional redemption prior to maturity (See “THE BONDS – Optional Redemption” herein). *** CUSIP numbers have been assigned by an independent company not affiliated with the County and are included solely for the convenience of the holders of the Series A Bonds. The County is not responsible for the selection or uses of these CUSIP numbers and no representation is made as to their correctness on the Series A Bonds or as indicated above. The Series B Bonds will mature on June 15 in each year, subject to optional redemption, as set forth below: Interest Interest Year Amount* Rate Yield CUSIP*** Date Amount* Rate Yield CUSIP*** 2022 $400,000 % % 2030 $465,000** % % 2023 400,000 2031 475,000** 2024 405,000 2032 490,000** 2025 415,000 2033 505,000** 2026 420,000 2034 520,000** 2027 430,000 2035 540,000** 2028 440,000 2036 560,000** 2029 450,000 * Preliminary, subject to change. ** Subject to optional redemption prior to maturity (See “THE BONDS – Optional Redemption” herein). *** CUSIP numbers have been assigned by an independent company not affiliated with the County and are included solely for the convenience of the holders of the Series B Bonds. The County is not responsible for the selection or uses of these CUSIP numbers and no representation is made as to their correctness on the Series B Bonds or as indicated above. THE UNDERSIGNED HAS SERVED AS MUNICIPAL ADVISOR TO THE COUNTY REGARDING THIS FINANCING. Capital Markets Advisors, LLC Great Neck and New York, New York (516) 487-9817 No person has been authorized by the County to give any information or to make any representations not contained in this Official Statement and, if given or made, such other information or representations must not be relied upon as having been authorized by the County. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Bonds by any person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale. The information, estimates and expressions of opinion herein are subject to change without notice, and neither the delivery of this Official Statement nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the County since the date hereof. TABLE OF CONTENTS THE BONDS ............................................................................. 1 Cybersecurity .................................................................... 13 Description .......................................................................
Load more

Recommended publications
  • North Atlantic Rail: Building a Just and Green Economy
    North Atlantic Rail: Building a Just and Green Economy North Atlantic Rail is a proposed high-performance rail network linking Boston with New York City and connecting all of the small and mid-sized urban centers across the 7-state New England - Downstate New York megaregion with these two global cities and with each other. High-performance rail provides fast, frequent, convenient, reliable and well-priced services for all users of the network. North Atlantic Rail will include a new 200-mph main trunk line, upgraded 120-mph regional rail lines, and upgraded 80-mph branch lines. The fundamental idea that underlies the North Atlantic Rail initiative is the creation of a new economic geography, a megaregional NETWORK that connects Boston and New York, the smaller cities of New England, Long Island and Downstate New York, and all of their suburbs, small towns and villages. Every node is amplified by connection to the larger network, and has its agglomeration advantages, its critical mass and economies of scale. This is not just a physical rail network; it is a set of rail-enabled economic relationships, for both firms and individuals, across the whole megaregional geography rather than just one of its metros, that can serve as a platform for economic transformation, for the creation of a just and green economy. The networked megaregion will make our personal networks larger and more dynamic, shaped by the churn of workers and firms across the whole economic geography. This churn of workers and firms is a primary way that work networks form. Here’s how it happens: A new work colleague will bring to a firm the relationships she had at her last firm at the other end of the megaregion.
    [Show full text]
  • June 28, 2021 the Honorable Peter Defazio The
    AMTRAK William J. Flynn 1 Massachusetts Avenue, NW, Washington, DC 20001 Chief Executive Officer Email [email protected] Tel 202-906-3963 June 28, 2021 The Honorable Peter DeFazio The Honorable Sam Graves Chairman Ranking Member Committee on Transportation and Infrastructure Committee on Transportation and Infrastructure U.S. House of Representatives U.S. House of Representatives Washington, DC 20515 Washington, DC 20515 Dear Chairman DeFazio and Ranking Member Graves: I am writing to express Amtrak’s concerns about reports that the House may include in the INVEST in America Act an amendment that would create a “North Atlantic Rail Compact” (NARC) with an ostensible charge to construct an ill-defined “North Atlantic Rail Network.” Amtrak is strongly opposed to the adoption of this amendment and the likely negative consequences of such a decision for the Northeast Corridor and the national rail network. Adopting the amendment would establish – without any hearings, committee consideration, studies or opportunity for those impacted by the proposal to be heard – support for an infeasible proposal, previously rejected because of the harm it would do to the environment, by an advocacy group called North Atlantic Rail (NAR) to build a new, up to 225 mph dedicated high-speed rail line between New York City and Boston. The dedicated high-speed rail line’s route (NAR Alignment) would not follow the existing Northeast Corridor (NEC) alignment that parallels Interstate 95. Instead, it would travel beneath the East River in a new tunnel; cross dense urban sections of Queens and Long Island to Ronkonkoma; turn north to Port Jefferson; traverse the Long Island Sound in a 16-mile tunnel to Stratford, Connecticut; and after passing through New Haven and Hartford, turn east across Eastern Connecticut and Rhode Island to Providence, from which it would follow the existing NEC rail corridor to Boston.
    [Show full text]
  • Kiepe Electric Gmbh Training Academy New Generation
    – THE – CUSTOMER JULY 2017 GROUP KNORR-BREMSE OF MAGAZINE RAIL SYSTEMS VEHICLE EDITION informer 45 NEWS Kiepe Electric GmbH Electrical traction systems added to portfolio CUSTOMERS + PARTNERS Training Academy Learning from the market leader PRODUCTS + SERVICES New generation VV-T 2.0 oil-free compressor 2 informer | edition 45 | july 2017 | contents editorial 16 New Siemens VELARO TR high-speed trains for Turkey 03 Dr. Peter Radina Member of the Executive Board, 18 Selectron train control systems for the Knorr-Bremse Systeme für Russian GOST market Schienenfahrzeuge GmbH 20 Knorr-Bremse’s involvement in the ”Shift2Rail” European technology initiative news 04 The latest information products + services 22 Running technology monitoring: Enhanced spotlight derailment detection for slab track applications 24 UIC approval for KKLII compact control valve 08 New Knorr-Bremse Development Center 26 Selectron wireless train control technology customers + partners 28 The next generation of oil-free compressors 30 Modern paint shop at IFE manufacturing site 10 Knorr-Bremse RailServices Training Academy in Brno 12 IFE Entrance Systems: Examples of installations for 32 System supplier and full friction range supplier: DB Regio AG, Moscow Metro and Citadis streetcars Optimal friction pairing with Knorr-Bremse 14 iCOM Monitor: The app platform for the rail industry 34 Enhanced door drives from Technologies Lanka E-MZ-0001-EN This publication may be subject to alteration without prior notice. A printed copy of this document may not be the latest revision. Please contact your local Knorr-Bremse representative or check our website www.knorr-bremse.com for the latest update. The figurative mark “K” and the trademarks KNORR and KNORR-BREMSE are registered in the name of Knorr-Bremse AG.
    [Show full text]
  • Senior Center Prepares to Reopen to Members
    _________________ ________________ Glen COVe Get S.M.A.R.T. (SAVE MORE AND COMMUNITY UPDATE REDUCE TAXES) Infections as of April 5 3,824 HERALDDEADLINE APRIL 30TH Infections as of March 29 3,694 THE LEADER IN PROPERTY TAX REDUCTION Sign up today. It only takes seconds. Higher Connolly students Apply online at 18/21mptrg.com/heraldnote itc FG or call 516.479.9171 Hablamos Español Education make their mark Demi Condensed Maidenbaum Property Tax Reduction Group, LLC Pull-out section Page 12 483 Chestnut Street, Cedarhurst,Page NY 11516xx $1.00 VOL. 30 NO. 15 APRIL 8 - 14, 2021 Senior Center prepares to reopen to members By JILL NOSSA time, the members were really [email protected] good about following the rules,” e did it she said. “We really had no Local seniors will once again successfully issues. I think that they were have a place to socialize with the W just so relieved to be back.” anticipated reopening of the before, and I think that Members will be able to take Glen Cove Senior Center on part in activities in person, Monday. After a challenging we can do it again. though Rice said that programs year, the facility will welcome would also be livestreamed to members on a limited basis. CHRISTINE RICE include those at home. There The center initially reopened Executive director, Glen Cove will be limited programs in the last October, but in mid-Decem- Senior Center morning and afternoon, with ber, with Covid-19 case numbers lunch served at noon. The activi- rising and a holiday surge that we can do it again.” ties will vary from day to day, expected, Nassau County The center will reopen at 40 though Dancercise and tai chi ordered it to close to reduce the percent capacity, which means will be offered three times the risk of spreading the virus.
    [Show full text]
  • NORTH ATLANTIC RAIL Advancing a Passenger Rail-Based Economic Transformation for the New England - Downstate New York Region
    NORTH ATLANTIC RAIL Advancing a Passenger Rail-Based Economic Transformation for the New England - Downstate New York Region Overview: Creating the World’s Largest Innovation Network North Atlantic Rail (NAR) is a proposed 21st century high performance passenger rail network linking Boston and New York City and all of New England’s mid-sized cities. It proposes to secure federal funding for this initiative as a critical element of the $2 trillion-dollar emergency infrastructure program expected to be introduced in the Congress later in 2020. The seven-state New England - Downstate New York region is home to 11% of US population and 14% of US GDP, while by comparison this proposed $105 billion rail investment would represent only 5% of the proposed $2 trillion infrastructure package. This region already has more than two-thirds of US rail ridership and a strong rail culture—both of which will be further expanded by this investment program. This program includes an early action network of priority rail investments identified by each state. Collectively, these investments will create a network providing transformational mobility, economic development and climate resilience benefits for the entire seven-state region. Planning and preliminary engineering has been conducted on most of these projects, allowing them to be expedited through creation of a proposed new federal-state partnership—North Atlantic Rail, Inc. Major portions of this network could be designed and built on an expedited schedule, putting hundreds of thousands to work during and following the Covid-19 pandemic recession. This network will also decongest highways, promote sustainable mobility, reduce carbon production and economic inequality and underpin the competitiveness of the entire seven-state region for decades to come.
    [Show full text]
  • NORTH ATLANTIC RAIL Executive Summary: Advancing a Passenger Rail-Based Economic Transformation for the New England - Downstate New York Region
    NORTH ATLANTIC RAIL Executive Summary: Advancing a Passenger Rail-Based Economic Transformation for the New England - Downstate New York Region . The Challenge: to recover from the Covid-19-induced recession, while laying the foundation for long-term economic transformation — building on the multi-state collaboration already initiated by New York - New England governors to reopen the economy in the aftermath of the pandemic The Concept: a rail-enabled economic transformation strategy that creates one integrated market for ideas, capital and talent across the economic geography encompassing New York City, Boston and all of the smaller cities of New England Key Elements: 1. Early execution of shovel ready rail projects that are the top priority of each state, and which are each an essential element of a regional high-performance rail network ($35 billion) 2. A high-speed trunk line connecting the individual projects into a network and enabling 100-minute service between NYC and Boston ($70 billion) 3. Establish North Atlantic Rail, Inc., a federal-state partnership to fund and implement the program working with existing stakeholders but requiring new procurement methods and P3 ventures to accelerate investments Where We Stand: top priority state projects identified, some engineering work completed, preliminary ROW for the high-speed trunk line identified, leadership mobilized What We Need: a total of $105 billion to design and build both the top priority state projects and the trunk line; and a new federal-state partnership, North Atlantic Rail, Inc. (NARI), to expedite execution. This would represent 5% of a $2 trillion infrastructure program for a region that contains 11% of the nation’s population, 14% of its economy and an even larger share of its tax base, and more than 2/3 of US rail ridership.
    [Show full text]
  • Final Report SYST 495 Last
    Northeast Corridor Mass Transportation System Analysis Final Report May 9th, 2019 Natalee Coffman (Co-Team Lead) Yaovi Kodjo (Co-Team Lead) Jacob Noble Jaehoon Choi Sponsored By: Dr. George Donohue GMU/CATSR Department of Systems Engineering and Operations Research 1 | Page ACKNOWLEDGMENTS The authors would like to thank the Center for Air Transportation Systems Research (CATSR), specifically Professor George Donohue for his endless technical guidance and for sponsoring this project. We also thank the George Mason University Engineering Department faculty professors (Dr. Rajesh Ganesan, Hadi El Amine and Kuo-Chu Chang) for helping with our simulation and utility function approach. The authors would like to thank the Maryland Department of Transportation, specifically the Anne Arundel County Office of Transportation, for giving us the opportunity to brief our project and for providing us with constructive feedback. Our thanks go as well to Richard Cogswell from the Federal Rail Administration for giving us deep insight into the critical rail infrastructure that plagues the Northeast Corridor. Page | 2 George Mason University Table of Contents ACKNOWLEDGMENTS 2 Executive Summary 6 Gap Analysis Methodology 7 1 - Background 9 1.1 Air Transportation 9 1.2 Rail Transportation 14 1.3 Automobile Transportation 17 2 - Statement of Work 22 2.1 Problem Statement 22 2.2 Need Statement 22 2.3 Project Scope 22 2.4 Project Mission Requirement 22 3 - Stakeholder Analysis and Tension 24 3.1 Passengers/Corridor Population 24 3.2 Competitors 24 3.3 Regulators
    [Show full text]
  • Testimony of Richard Anderson President & Chief Executive Officer
    Testimony of Richard Anderson President & Chief Executive Officer National Railroad Passenger Corporation Before the United States House of Representatives House Committee on Transportation & Infrastructure The Cost of Doing Nothing: Why Investing in our Nation’s Infrastructure Cannot Wait Thursday, February 7, 2019 9:30 a.m. Amtrak 1 Massachusetts Avenue, N.W. Washington, DC 20001 (202) 906-3918 INTRODUCTION Good morning, and thank you Chairman DeFazio, Ranking Member Graves, and all of the mem- bers of this Committee for holding this important hearing to discuss the urgent need to invest in our nation’s infrastructure. My name is Richard Anderson, and I serve as the President and Chief Executive Officer of Amtrak. I started as CEO in 2017 and prior to that I served as the CEO for Delta Air Lines, CEO for Northwest Airlines, and the President of Commercial Business at United Health Group. It is my pleasure to testify before you today on behalf of our 20,000 dedicated employees. Today, I am going to discuss why we should not delay investment in intercity passenger rail and the consequences if we do wait; I will describe some of the major infrastructure, equipment, and stations projects Amtrak plans to advance over the next five years; and I will provide context for why intercity passenger rail has a bright future if we make smart investments and decisions as we prepare for the next generation. THE COST OF DOING NOTHING Unseen by many, and unconsidered by most, the structures and assets that make up America’s infrastructure lie at the heart of our economy and enable every one of us to live our lives in safety and comfort.
    [Show full text]
  • Issue #24, September 2018
    High-Speed Intercity Passenger SPEEDLINES SEPTEMBER 2018 ISSUE #24 Page 36 2 CONTENTS SPEEDLINES MAGAZINE 3 CHAIRMAN’S LETTER Greetings from Al Engel our new Chair What an honor it is for me to serve as the newly appointed chair. 4 APTA’S ANNUAL MEETING 6 GERMAN RAILWAY HSR DEVELOPMENT » p.18 12 FEDERAL FUNDING PICTURED ABOVE: At the Cedar Viaduct, construc- 14 CROSSWORD PUZZLE tion crews have begun to extend the structure across State Route 99 south of Fresno. ly 2018 15 SPOTLIGHT On the front cover: GOODBYE ACELA, HELLO AVELIA 16 CALIFORNIA STATE RAIL PLAN Amtrak’s Avelia Liberty, the Alstom-built integrated high-speed trainset that will replace the equipment 18 CAHSR PROJECT UPDATES currently used to provide Amtrak’s premium Acela Express service on the Northeast Corridor, will be sig- 22 HSR TIMELINE - nificantly different in design and livery than its prede- 1990 TO PRESENT cessor. The trainset sports four exterior colors: white and blue, with red accents and gray power car noses. 24 SOUTHWEST CHIEF CHAIR: AL ENGEL VICE CHAIR: CHRIS BRADY 26 NATIONAL INTERCITY PASSENGER RAIL SECRETARY: MELANIE K. JOHNSON OFFICER AT LARGE: MICHAEL MCLAUGHLIN POLICY IMMEDIATE PAST CHAIR: ANNA BARRY EDITOR: WENDY WENNER 28 AROUND THE WORLD PUBLISHER: KENNETH SISLAK ASSOCIATE PUBLISHER: ERIC PETERSON ASSOCIATE PUBLISHER: DAVID WILCOCK 29 VIRGINIA PASSENGER RAIL PROJECTS PUBLISHER EMERITUS: AL ENGEL LAYOUT DESIGNER: WENDY WENNER 32 HIGH-PERFORMANCE RAIL SYSTEM © 2011-2018 APTA - ALL RIGHTS RESERVED SPEEDLINES is published in cooperation with: 36 FEATURE ARTICLE: AMERICAN PUBLIC TRANSPORTATION ASSOCIATION DESTINATION NORTHEAST CORRIDOR 1300 I Street NW, Suite 1200 East Washington, DC 20005 SPEEDLINES | September 2018 3 SECTION NAME For those that were unable to attend our committee meeting held during the APTA Rail Conference in Denver, take note that we had an election and there are some new faces on our leadership team.
    [Show full text]
  • CONGRESSIONAL RECORD— Extensions of Remarks E735 HON
    July 1, 2021 CONGRESSIONAL RECORD — Extensions of Remarks E735 INTRODUCTION OF REMOVING This bill does not authorize any type of INVESTING IN A NEW VISION FOR FEDERAL BARRIERS TO OFFER- internet gaming; that is within the authority of THE ENVIRONMENT AND SUR- ING OF MOBILE WAGERS ON IN- each state to do. All this bill does is clarifies FACE TRANSPORTATION IN DIAN LANDS ACT the location of where the wager takes place AMERICA ACT for purposes of tribal government gaming. It HON. J. LUIS CORREA clarifies that internet gaming will be conducted SPEECH OF OF CALIFORNIA by tribal governments under the same frame- HON. JAHANA HAYES IN THE HOUSE OF REPRESENTATIVES work that they currently conduct gaming in OF CONNECTICUT Thursday, July 1, 2021 their physical casinos. IN THE HOUSE OF REPRESENTATIVES As someone who has long lived in a state Mr. CORREA. Madam Speaker, today, I in- Wednesday, June 30, 2021 with more than 110 federally recognized tribal troduced the Removing Federal Barriers to Of- Mrs. HAYES. Madam Speaker, l rise today fering of Mobile Wagers on Indian Lands Act. nations, I have seen firsthand how tribal gov- ernment gaming has benefitted the tribal na- to voice my opposition to Amendment No. 97/ Tribal government gaming is the primary No. 188 of H.R. 3684, the INVEST in America source of revenue for hundreds of tribal na- tions, their citizens, the surrounding commu- nities and the state government. This bill is Act. tions throughout this country who otherwise This amendment was included as part of an merely intended to provide some clarity and would not have the basic resources to provide en bloc which l supported, however, I do not comfort as tribal gaming moves into the next for the health, safety and general welfare of support this amendment.
    [Show full text]
  • Amtrak, North Atlantic Rail Alliance Seek Support for Passenger Rail Proposals
    INSIGHTi Amtrak, North Atlantic Rail Alliance Seek Support for Passenger Rail Proposals Updated July 1, 2021 Two organizations have recently released multi-year, multi-billion dollar proposals for investment in intercity passenger rail. One, the federally owned passenger railroad Amtrak, seeks roughly $75 billion to add or initiate service on dozens of routes across the country by 2035. The other, the private North Atlantic Rail Alliance, would spend an estimated $105 billion to construct a new high-speed rail alternative to the existing Northeast Corridor (NEC) line from New York to Boston, plus new or upgraded branch lines. Both organizations have requested various measures supportive of their plans to be included in federal legislation. Some of these—though not all—were included in bills passed by the House (H.R. 3684, the INVEST in America Act) and marked up in the Senate (S. 2016, the Surface Transportation Investment Act). ConnectsUS 2035 Amtrak’s proposal, ConnectsUS 2035, identifies some 40 potential new routes and another 20 or so existing routes that would receive improved service, such as additional trains per day or faster scheduled trip times. All of these routes would be located off the NEC (at least in part) and be less than 750 miles in length, meaning each would be subject to a cost-sharing requirement between Amtrak and the states served. However, a key element of the proposal would allow Amtrak to offset required state contributions with federal funds for the first few years of operation, incentivizing states to sign on. Importantly, all final route alignments, schedules, speeds, and service levels would be jointly determined by Amtrak, state partners, and the freight railroads that host Amtrak’s trains outside the NEC; Amtrak could not implement any of the proposed changes unilaterally.
    [Show full text]
  • 1 (A) in GENERAL
    G:\M\17\SUOZZI\SUOZZI_029.XML AMENDMENT TO RULES COMMITTEE PRINT 117–8 OFFERED BY MR. SUOZZI OF NEW YORK Page 1358, after line 11, insert the following: 1 SEC. 9307. NORTH ATLANTIC RAIL NETWORK. 2 (a) IN GENERAL.—Chapter 249 of title 49, United 3 States Code, is amended by inserting after section 24905 4 the following: 5 ‘‘§ 24905A. North Atlantic Rail Interstate Compact 6 ‘‘(a) NORTH ATLANTIC RAIL INTERSTATE COM- 7 PACT.— 8 ‘‘(1) ESTABLISHMENT.—Not later than 180 9 days after the date of the enactment of this section, 10 the Secretary of Transportation shall appoint a di- 11 rector for the North Atlantic Rail Interstate Com- 12 pact (referred to in this section as the ‘Compact’) in 13 collaboration with states identified in paragraph 14 (2)(A). 15 ‘‘(2) BOARD OF DIRECTORS.— 16 ‘‘(A) COMPOSITION.—The Compact shall 17 be governed by a board of directors, which shall 18 be composed of directors, of whom— g:\V\E\062521\E062521.057.xml (806210|5) June 25, 2021 (5:06 p.m.) VerDate Nov 24 2008 17:06 Jun 25, 2021 Jkt 000000 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 C:\USERS\JACOAD\APPDATA\ROAMING\SOFTQUAD\XMETAL\11.0\GEN\C\SUOZZI_029. G:\M\17\SUOZZI\SUOZZI_029.XML 2 1 ‘‘(i) 2 directors shall be appointed by 2 the Secretary of Transportation; 3 ‘‘(ii) 1 director shall be appointed by 4 the Chief Executive Officer of Amtrak; 5 ‘‘(iii) 2 directors shall be appointed by 6 the Governor of Connecticut; 7 ‘‘(iv) 2 directors shall be appointed by 8 the Governor of Maine; 9 ‘‘(v) 2 directors shall be appointed by 10 the Governor of Massachusetts; 11 ‘‘(vi)
    [Show full text]