Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 29, 2012 |
signed chap.82 |
Jun 22, 2012 |
delivered to governor |
Jun 20, 2012 |
returned to senate passed assembly home rule request ordered to third reading rules cal.484 substituted for a9698 |
Apr 30, 2012 |
referred to local governments delivered to assembly passed senate home rule request |
Apr 26, 2012 |
advanced to third reading |
Apr 25, 2012 |
2nd report cal. |
Apr 19, 2012 |
1st report cal.559 |
Mar 26, 2012 |
referred to local government |
Senate Bill S6814
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R, C, IP, RFM) 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-S6814 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9698
- Law Section:
- Bonds and Notes
- Laws Affected:
- Amd ยงยง1 & 3, Chap 578 of 2011
2011-S6814 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6814 TITLE OF BILL: An act to amend chapter 578 of the laws of 2011 relating to authorizing the village of Herkimer to finance a litigation settlement by the issuance of serial bonds and/or anticipation notes, in relation to the requirements of issuing and levying taxes on such bonds and notes PURPOSE: To amend chapter 578 of the laws of 2011 to delete a reference to the local finance law. SUMMARY OF PROVISIONS: This is an amendment to S.5459, to delete references to an inappropriate section of the local finance law; to grant the municipality additional time to issue its notes or bonds; and to raise its authorized bonding amount. EXISTING LAW: Chapter 578 was signed into law on September 23, 2011. It inadvertently and incorrectly references section 10.10 of the local finance law. JUSTIFICATION: The section of the local finance law referred to in the
2011-S6814 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6814 I N S E N A T E March 26, 2012 ___________ Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend chapter 578 of the laws of 2011 relating to authorizing the village of Herkimer to finance a litigation settlement by the issuance of serial bonds and/or anticipation notes, in relation to the requirements of issuing and levying taxes on such bonds and notes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1 of chapter 578 of the laws of 2011 relating to authorizing the village of Herkimer to finance a litigation settlement by the issuance of serial bonds and/or anticipation notes, is amended to read as follows: Section 1. The Village of Herkimer, in the county of Herkimer, is hereby authorized to issue serial bonds[, subject to the provisions of section 10.10 of the local finance law,] on or before [June 30] DECEMBER 31, 2012, in an aggregate principal amount not to exceed [one] TWO million [six hundred] FOUR HUNDRED SIXTY thousand dollars [($1,600,000)] ($2,460,000) for the specific object or purpose of settling pending litigation regarding amounts owed to the county for workers' compen- sation costs. In anticipation of the issuance and sale of such serial bonds, bond anticipation notes are hereby authorized to be issued. S 2. Section 3 of chapter 578 of the laws of 2011 relating to author- izing the village of Herkimer to finance a litigation settlement by the issuance of serial bonds and/or anticipation notes, is amended to read as follows: S 3. Notwithstanding the provisions of any other law, general, special or local, the Village Board of the Village of Herkimer is hereby author- ized to levy a tax [to be collected in annual installments] sufficient to pay the principal of and interest on said bonds and bond anticipation notes and to adopt a bond resolution authorizing the serial bonds authorized to be issued pursuant to this act. S 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15155-03-2
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