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Sponsors
Senator · Senate District 57
No co-sponsors yet.
History
- Signed chap.353
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.592
- Substituted for A10522
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 59–1
- Home rule request
- Ordered to third reading cal.1390
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.
Validates, ratifies and confirms certain bonds issued by the village of Dansville, in the county of Livingston, and authorizes issuance of further bonds
Assembly Floor Calendar · Sponsor Daniel Burling
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7498
Title of bill
An act making certain findings and determinations with respect to certain bond anticipation notes issued by the village of Dansville, in the county of Livingston, validating and legalizing the same, and authorizing the issuance of obligations of such village with respect thereto
Purpose
The purpose of this legislation is to validate, ratify and confirm certain bonds issued by the village of Dansville, in the county of Livingston, and to authorize the issuance of further bonds.
Summary of provisions
Section 1 provides the history, amounts, and local municipal body action relating to the issuance of certain bond anticipation notes (BAN) of the village of Dansville.
Section 2 validates, ratifies, and confirms prior actions of the local municipal body with relation to such bonds as referenced in section 1.
Section 3 states: "Except as otherwise provided in this act, any obli- gations issued pursuant to this act shall be issued in accordance with the provisions of the local finance law."
Section 4 provides for the severability of any clause, sentence, para- graph, section or part of the act that is found to be invalid.
Section 5 provides the effective date.
Justification
This bill would provide a technical correction for the village of Dans- ville in relation to bond anticipation notes (BAN). Currently, several of the village of Dansville's BANs have been stretched out longer than the amount of time that is normal for such BANs. This legislation would allow Dansville to consolidate the BANs, in order to pay them off in a more reasonable time frame.
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.