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History
- Referred to cities
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A9980
Title of bill
An act to amend the local finance law, in relation to bonds and notes of the city of Yonkers
Purpose
This bill extends for one year, the authority of the city of Yonkers to issue bonds and notes through negotiated sale.
Justification
The authorization for Yonkers to negotiate the private sale of its. bonds or notes is vital to improving the city's financial stability and independence. The City's bonding authority will expire on June 30, 2010 unless it is extended one year.
The continuation of this power will allow more cost-effective financing for the city of Yonkers.
Legislative history
2006: S. 6678 Passed Senate / A. 9887 Passed Assembly. Signed Chanter 144 L. of 2008.
2009: S. 3336 Passed Senate/A. 7655 Passed Assembly. Signed Chapter 77 L. of 2009
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.