A9292-2011 Actions

• Jun 29, 2012: signed chap.72
• Jun 22, 2012: delivered to governor
• Jun 6, 2012: RETURNED TO ASSEMBLY
• Jun 6, 2012: PASSED SENATE
• Jun 6, 2012: HOME RULE REQUEST
• Jun 6, 2012: 3RD READING CAL.556
• Jun 6, 2012: SUBSTITUTED FOR S6460
• Apr 30, 2012: REFERRED TO LOCAL GOVERNMENT
• Apr 30, 2012: delivered to senate
• Apr 30, 2012: passed assembly
• Apr 30, 2012: home rule request
• Apr 26, 2012: advanced to third reading cal.490
• Apr 25, 2012: reported
• Apr 18, 2012: reported referred to ways and means
• Feb 15, 2012: reference changed to cities
• Feb 14, 2012: referred to local governments

A9292-2011 Votes

A9292-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         9292
 I N  ASSEMBLY
 February 14, 2012
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit
 tee on Local Governments
 

AN ACT to amend the local finance law, in relation to bonds and notes of
 the city of Yonkers
 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section 1.

Section 54.40 of the local finance law, as amended by chap
 ter 66 of the laws of 2011, is amended to read as follows:

 

S  54.40  Bonds  and  notes  of  the  city  of Yonkers. Subject to the
 provisions of the New York state financial  emergency  act  of  nineteen
 hundred eighty-four for the city of Yonkers, to facilitate the marketing
 of  any  issue of serial bonds or notes of the city of Yonkers issued on
 or before June thirtieth, two thousand [twelve] THIRTEEN, such city may,
 notwithstanding any limitations on private sales of  bonds  provided  by
 law,  and  subject to approval by the state comptroller of the terms and
 conditions of such sale: (a) arrange for the underwriting of  its  bonds
 or  notes at private sale through negotiated agreement, compensation for
 such underwriting to be provided by negotiated fee or by  sale  of  such
 bonds  or notes to an underwriter at a price of less than the sum of par
 value of, and the accrued interest on, such obligations; or (b)  arrange
 for the private sale of its bonds or notes through negotiated agreement,
 compensation  for  such  sales  to  be  provided  by  negotiated fee, if
 required. The cost of such underwriting or private  placement  shall  be
 deemed a preliminary cost for purposes of section 11.00 of this article.
 

S 2. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14573-01-2

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