Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 22, 2014 |
signed chap.150 |
Jul 11, 2014 |
delivered to governor |
May 06, 2014 |
returned to senate passed assembly ordered to third reading cal.615 substituted for a8480 |
May 06, 2014 |
substituted by s6409 |
May 01, 2014 |
advanced to third reading cal.615 |
Apr 28, 2014 |
reported |
Feb 11, 2014 |
reported referred to ways and means |
Jan 17, 2014 |
referred to local governments |
Assembly Bill A8480
Signed By Governor2013-2014 Legislative Session
Sponsored By
MAGNARELLI
Archive: Last Bill Status Via S6409 - 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-A8480 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6409
- Law Section:
- Local Finance Law
- Laws Affected:
- Amd §§124.10 & 136.00, Loc Fin L
2013-A8480 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8480 I N A S S E M B L Y January 17, 2014 ___________ Introduced by M. of A. MAGNARELLI -- (at request of the State Comp- troller) -- read once and referred to the Committee on Local Govern- ments AN ACT to amend the local finance law, in relation to the exclusion of indebtedness contracted for sewage facilities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs a and c of section 124.10 of the local finance law, as amended by chapter 550 of the laws of 2003, are amended to read as follows: a. In ascertaining the power of a municipality to contract indebt- edness, there may be excluded any outstanding indebtedness contracted by such municipality on or after January first, nineteen hundred sixty-two, and prior to January first, two thousand [fourteen] TWENTY-FOUR, for the construction or reconstruction of facilities for the conveyance, treat- ment and disposal of sewage. c. The term indebtedness, as used in this section, shall include indebtedness evidenced by obligations issued on or after January first, two thousand [fourteen] TWENTY-FOUR for the purpose of financing any indebtedness contracted for the purposes and within the period specified in paragraph a of this section. S 2. Paragraph 4-a of section 136.00 of the local finance law, as amended by chapter 550 of the laws of 2003, is amended to read as follows: 4-a. Indebtedness for sewage facilities. In the case of a munici- pality, the amount of outstanding indebtedness contracted on or after January first, nineteen hundred sixty-two, and prior to January first, two thousand [fourteen] TWENTY-FOUR, for the construction or recon- struction of facilities for the conveyance, treatment and disposal of sewage. The amount of such indebtedness to be deducted shall be ascer- tained pursuant to section 124.10 of this chapter. S 3. This act shall take effect immediately and shall be deemed to have been in full force and effect on and after January 1, 2014. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13073-01-3
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