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Sponsors
Senator · Senate District 61
No co-sponsors yet.
History
- Signed chap.385
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.517
- Substituted for A2948
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 62–0
- Home rule request
- Ordered to third reading cal.1371
Show 2 earlier actions
- Committee discharged and committed to rules
- 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.
Deems the objects or purposes for certain bonds issued by Erie county to be the Erie canal harbor waterfront development, purchase of vehicles and heavy equipment
Assembly Floor Calendar · Sponsor Dennis H. Gabryszak
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5200
Title of bill
An act to deem the objects or purposes for which certain bonds were issued by the county of Erie to be the Erie canal harbor waterfront development; the purchase of vehicles and heavy equipment; and bridge and road reconstruction projects and authorizing the expenditure of the proceeds from such bonds for such objects or purposes
Purpose
To authorize the expenditure of unexpended bond proceeds for alternative intended objects or purposes.
Summary of provisions
Deems the objects or purpose for certain bonds issued by Erie County to be Erie Canal Harbor Waterfront Development, purchase of vehicles and heavy equipment.
Justification
Erie County issued general obligation bonds in the amount of $14,000,000 on December 28, 2005. Of the $14 million, $7 million was originally allocated for asbestos and hazardous material removal. A contract for $7 million for removal was entered into in 2007 with Erie Canal Harbor Development Corporation (ECHDC). Erie County anticipated entering into a loan agreement with the ECHDC for the unexpended amount in Erie County bond funds whereby ECHDC would make annual debt service payments to Erie County. However, ECHDC has advised that it is no longer interested in entering into said loan agreement. Reallocation of these unexpended bond proceeds requires this legislation.
Legislative history
2009-2010: A.11693
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.