Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 08, 2011 |
signed chap.72 |
May 27, 2011 |
delivered to governor |
May 23, 2011 |
returned to senate passed assembly ordered to third reading cal.399 substituted for a6442 |
May 11, 2011 |
referred to ways and means delivered to assembly passed senate |
May 10, 2011 |
advanced to third reading |
May 09, 2011 |
2nd report cal. |
May 04, 2011 |
1st report cal.538 |
Mar 18, 2011 |
referred to local government |
Senate Bill S4120
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - 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
2011-S4120 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6442
- Law Section:
- Bonds and Notes
- Laws Affected:
- Amd §2, Chap 629 of 2005
2011-S4120 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4120 TITLE OF BILL: An act to amend chapter 629 of the laws of 2005, amending the local finance law relating to refunding bonds, in relation to extending the provisions thereof PURPOSE OF BILL: The bill would extend, for an additional three years, the authority of municipalities contained in Local Finance Law (LFL) § 90.00 to sell their refunding bonds to the New York State Environmental Facilities Corporation (EFC) in connection with hardship financing a municipality receives from the Clean Water State Revolving Fund (CWSRF) or the Drinking Water State Revolving Fund (DWSRF). SUMMARY OF PROVISIONS: Section 1 of the bill extends the "sunset" provision of Chapter 629 of the Laws of 2005 to extend through September 30, 2014, the authority of municipalities to sell their refunding bonds to EFC without requiring a showing of savings in order to receive hardship financing from the CWSRF or DWSRF at zero percent interest.
2011-S4120 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4120 2011-2012 Regular Sessions I N S E N A T E March 18, 2011 ___________ Introduced by Sen. RANZENHOFER -- (at request of the Environmental Facilities Corporation) -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend chapter 629 of the laws of 2005, amending the local finance law relating to refunding bonds, in relation to extending the provisions thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2 of chapter 629 of the laws of 2005, amending the local finance law relating to refunding bonds, as amended by chapter 277 of the laws of 2008, is amended to read as follows: S 2. This act shall take effect immediately and shall expire and be deemed repealed September 30, [2011] 2014. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09240-01-1
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