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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A7721
- Ordered to third reading cal.663
- Committee discharged and committed to rules
- Reported and committed to finance
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Extends until October 1, 2010, the expiration date for the city of Olean to issue serial bonds to finance a certain deficit
Signed by Governor · Sponsor Joseph Giglio
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend chapter 331 of the laws of 2007, authorizing the city of Olean, in the county of Cattaraugus, to finance a certain deficit by the issuance of bonds, in relation to extending the time period during which such bonds may be issued
Purpose
This legislation extends the expiration of the authority to issue deficit financing bonds in relation to the City of Olean's deficit from October 2, 2009 to October 1, 2010.
Summary of provisions
Section one authorizes the City of Olean to issue serial bonds on or before September 27, 2012 up to the amount of $4,300,000.
Justification
This legislation authorizes the City of Olean to continue with the financing of a certain deficit by the issuance of bonds. For the purpose of liquidating the deficits in the general fund, the water fund and the sewer fund of such city, since the City of Olean has not reached the threshold of $4,300,000 as set forward previously.
Legislative history
New bill.
Fiscal implications
None to the State.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.