Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 22, 2014 |
signed chap.158 |
Jul 11, 2014 |
delivered to governor |
May 13, 2014 |
returned to senate passed assembly ordered to third reading cal.655 substituted for a9034 |
May 12, 2014 |
referred to ways and means delivered to assembly passed senate |
May 05, 2014 |
advanced to third reading |
Apr 30, 2014 |
2nd report cal. |
Apr 29, 2014 |
1st report cal.452 |
Apr 09, 2014 |
referred to local government |
Senate Bill S6977
Signed By Governor2013-2014 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
2013-S6977 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9034
- Law Section:
- Local Finance
- Laws Affected:
- Amd §2, Chap 629 of 2005
2013-S6977 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6977 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 the Bill: The bill would extend for three years, to September 30, 2017, authorization for financially distressed municipalities to sell certain bonds to the Environmental Facilities Corporation ("EFC") in connection with hardship state revolving loan financing. Summary of Provisions: Section 1 of the bill would extend the "sunset" provision of Section 2 of Chapter 629 of the Laws of 2005, thereby extending until September 30, 2017 certain provisions of Local Finance Law ("LFL") § 90.00, which authorize municipalities with hardship State Revolving Fund financing, who are seeking to extend the term of their zero percent loans through refinancing and whose current bonds or notes are within 5 years of issuance, to sell their refunding bonds to EFC without requiring a showing of savings. Section 2 of the bill provides for an immediate effective date.
2013-S6977 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6977 I N S E N A T E April 9, 2014 ___________ 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 72 of the laws of 2011, is amended to read as follows: S 2. This act shall take effect immediately and shall expire and be deemed repealed September 30, [2014] 2017. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13970-02-4
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