Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 21, 2014 |
vetoed memo.522 |
Nov 10, 2014 |
delivered to governor |
Jun 19, 2014 |
returned to senate passed assembly ordered to third reading rules cal.498 substituted for a9861 |
Jun 19, 2014 |
substituted by s7367 rules report cal.498 |
Jun 18, 2014 |
reported reported referred to rules reported referred to ways and means |
May 27, 2014 |
referred to local governments |
Assembly Bill A9861
Vetoed By Governor2013-2014 Legislative Session
Sponsored By
FARRELL
Archive: Last Bill Status Via S7367 - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Robert J. Rodriguez
2013-A9861 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7367
- Law Section:
- Local Finance Law
- Laws Affected:
- Amd ยงยง90.00 & 90.10, Loc Fin L
2013-A9861 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9861 I N A S S E M B L Y May 27, 2014 ___________ Introduced by M. of A. FARRELL -- read once and referred to the Commit- tee on Local Governments AN ACT to amend the local finance law, in relation to the refunding and advance refunding of bonds THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph b-1 of section 90.00 of the local finance law, as added by chapter 201 of the laws of 1994, is amended to read as follows: b-1. Refunding bonds need not comply with paragraph b of this section provided that no annual installment of each separate series of refunding bonds shall be more than fifty per centum in excess of the smallest prior installment, or THE AMOUNTS OF THE REFUNDING BONDS ARE THE SAME AS OR LESS THAN AND THE STATED MATURITY DATES ARE THE SAME AS OR EARLIER THAN THOSE OF THE BONDS TO BE REFUNDED, OR the finance board of the municipality, school district or district corporation issuing the bonds shall have determined to use a substantially level or declining annual debt service schedule for the refunding bonds. The amount of annual installments of the refunding bonds may be determined without reference to the stated maturities of the bonds to be refunded. S 2. Subdivision 3 of paragraph c of section 90.10 of the local finance law, as amended by chapter 201 of the laws of 1994, is amended to read as follows: 3. No annual installment of each separate series of refunding bonds shall be more than fifty per centum in excess of the smallest prior installment unless THE AMOUNTS OF THE REFUNDING BONDS ARE THE SAME AS OR LESS THAN AND THE STATED MATURITY DATES ARE THE SAME AS OR EARLIER THAN THOSE OF THE BONDS TO BE REFUNDED, OR the finance board of the munici- pality, school district or district corporation issuing the bonds has determined to use a substantially level or declining annual debt service schedule for the refunding bonds. The amounts of annual installments of the refunding bonds may be determined without reference to the stated maturities of the bonds to be refunded. S 3. Severability. If any clause, sentence, paragraph, section or part of this act shall be adjudged by any court of competent jurisdiction to EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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