Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 11, 2014 |
signed chap.309 |
Aug 01, 2014 |
delivered to governor |
Jun 19, 2014 |
returned to senate passed assembly home rule request ordered to third reading rules cal.469 substituted for a9191 |
Jun 19, 2014 |
substituted by s6910 rules report cal.469 |
Jun 18, 2014 |
reported reported referred to rules |
Jun 12, 2014 |
reported referred to ways and means |
Mar 27, 2014 |
referred to local governments |
Assembly Bill A9191
Signed By Governor2013-2014 Legislative Session
Sponsored By
LOPEZ P
Archive: Last Bill Status Via S6910 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2013-A9191 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6910
- Law Section:
- Towns
2013-A9191 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9191 I N A S S E M B L Y March 27, 2014 ___________ Introduced by M. of A. P. LOPEZ -- read once and referred to the Commit- tee on Local Governments AN ACT to legalize, validate, ratify and confirm certain actions taken by the town of Cairo, Greene county, New York, with respect to obli- gations heretofore issued, and authorizing the issuance of obligations of said town with respect thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. It is hereby found and determined that: (i) the town of Cairo, Greene county, New York, has heretofore duly adopted bond resolutions authorizing the aggregate issuance of $2,915,000 serial bonds to finance the upgrade and expansion to the town's wastewater treatment plant, construction of a force main, and additional improvements to its sewer system; (ii) pursuant to such bond resolutions, said town issued a bond anticipation note in the principal amount of $750,000 on December 24, 2008 and renewals of said bond antic- ipation note on December 24, 2009 and December 23, 2010 and made a prin- cipal payment of $29,285 on said bond anticipation note on December 23, 2010; (iii) pursuant to such bond resolutions, said town also obtained short term financing through the New York state environmental facilities corporation ("EFC") on September 29, 2011 in the maximum aggregate amount of $2,885,715.00, which refinanced the outstanding principal balance of said bond anticipation note of $720,715; (iv) the town did not make the minimum principal payments on the EFC short term financing bond anticipation notes of $19,300 for 2011 and $20,000 for 2012 until December 2013; (v) section 21.00 of the local finance law states that no annual installment of bonds or bond anticipation notes shall be more than fifty per centum of the smallest prior installment, except that the municipality may determine to provide for substantially level or declin- ing annual debt service, and section 23.00 of the local finance law states that notes or the renewals thereof shall not extend more than two years beyond the original date of issue unless a portion of such notes or the renewals thereof shall be redeemed from a source other than the proceeds of bonds within two years from such original date of issue and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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