Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 22, 2014 |
signed chap.167 |
Jul 11, 2014 |
delivered to governor |
Jun 19, 2014 |
returned to senate passed assembly home rule request ordered to third reading rules cal.473 substituted for a9351 |
May 28, 2014 |
referred to local governments delivered to assembly passed senate |
May 19, 2014 |
advanced to third reading |
May 14, 2014 |
2nd report cal. |
May 13, 2014 |
1st report cal.746 |
Apr 14, 2014 |
referred to local government |
Senate Bill S7017
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C) 53rd 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-S7017 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9351
- Law Section:
- Villages
2013-S7017 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7017 TITLE OF BILL: An act making certain findings and determinations with respect to certain bond anticipation notes issued by the town of Clifton, in the county of St. Lawrence, validating and legalizing the same, and authorizing the issuance of obligations of such town with respect thereto PURPOSE: To validate, ratify and confirm certain actions taken by the town of Clifton in regard to bond anticipation notes issued by the town to finance its sewer district and wastewater treatment plant improvements for such district. SUMMARY OF PROVISIONS: This legislation provides that all proceedings and actions taken by the town of Clifton in relation to the issuance of certain bond anticipation notes for the financing of their sewer district and wastewater treatment plant improvements for the district are hereby validated, ratified and confirmed. JUSTIFICATION: The town of Clifton is in need of this corrective legislation due to borrowing funds for the purpose of financing its sewer district and wastewater treatment plant improvements for the sewer district, prior to receiving Comptroller approval for the borrowing pursuant to Town Law Section 202-b, as they are situated in the Adirondack Park. This legislation, if enacted, would validate, ratify and confirm the actions and proceedings of the Town Board of
2013-S7017 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7017 I N S E N A T E April 14, 2014 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT making certain findings and determinations with respect to certain bond anticipation notes issued by the town of Clifton, in the county of St. Lawrence, validating and legalizing the same, and authorizing the issuance of obligations of such 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 the town of Clifton, in the county of St. Lawrence, New York: (a) undertook the following described actions: (i) duly adopted a bond resolution on October 12, 2011, which was subsequently amended on March 20, 2013, June 12, 2013 and July 24, 2013, authorizing the issuance of $4,314,000.00 serial bonds for the establishment of a sewer district and wastewater treatment plant improvements for such district; (ii) issued a bond anticipation note on March 22, 2012 in the amount of $150,000.00 maturing one year from the date of issuance; (iii) issued a bond antic- ipation renewal note on March 21, 2013 for an additional year; (iv) refinanced the $150,000 bond anticipation note with the partial proceeds of a $667,000 New York State Environmental Facilities Corporation (EFC) Clean Water State Revolving Fund (CWSRF) financing which closed on September 26, 2013; and (v) pursuant to such CWSRF financing, issued a $667,000 bond anticipation note to EFC dated September 26, 2013 and disbursed $235,556.81 in CWSRF financing proceeds pursuant to the EFC bond anticipation note prior to February 25, 2014. (b) failed to obtain the permission of the state comptroller pursuant to paragraph 3 of section 104.10 of the local finance law prior to the issuance of: (i) the $150,000 bond anticipation note on March 22, 2012; (ii) the $150,000 bond anticipation renewal note on March 21, 2013; and (iii) the $667,000 EFC bond anticipation note on September 26, 2013. (c) failed to make a principal payment on the $150,000 bond antic- ipation renewal note on March 20, 2014 as required by subdivision b of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14490-04-4
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