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History
- Signed chap.306
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.467
- Substituted for A9092
- Referred to local governments
- Delivered to assembly
- Passed senateVote 57–1
- Home rule request
- Ordered to third reading cal.1119
Show 2 earlier actions
- Reported 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.
Makes certain findings and determinations with respect to bond anticipation notes issued by the town of Campbell, county of Steuben
Assembly Floor Calendar · Sponsor Philip Palmesano
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6786
Title of bill
An act in relation to making certain findings and determinations with respect to bond anticipation notes issued by the town of Campbell, county of Steuben, validating such notes, and authorizing the issuance of obligations of such with respect thereto
Purpose
This bill will legalize and validate certain minor technical violations of the Local Finance Law by the town of Campbell, County of Steuben in connection with the issuances of bond anticipation notes to finance the formation of Water District No. 2 within the town of Campbell thereby validating certain bond anticipation notes and authorizing the town to issue further bond anticipation notes and/or bonds in order to finance the project and the improvements of such project.
Summary of provisions
Section 1 of the bill sets forth, as Legislative findings, the pertinent history of the initial establishment proceedings for Water District No. 2 and the notes and bonds issued to finance the improvements. Among the steps taken by the town board in 2009 through 2013, to establish such water district, the notes and bonds were not issued in compliance with the applicable provisions of the local finance law.
Section 2 of the bill ratifies all actions of, and proceedings taken by the town board in connection with such water district and such notes and bonds.
Section 3 sets forth the provisions that the bonds, anticipation notes and renewals are to be issued in accordance with the provisions of the local finance law.
Section 4 of the bill sets forth the provisions in the event any section or part of this act shall be deemed invalid by any court of competent jurisdiction.
Justification
In 2009 the initial note and the bond anticipation notes were not issued in compliance with the provisions of the local finance law, therefore this bill would enable the Town of Campbell to issue bonds or renewal bond anticipation notes for the purpose of refinancing the outstanding bond anticipation notes to finance improvements in Water District No. 2.
Fiscal implications
None to State.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.