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Sponsors
Senator · Senate District 45
No co-sponsors yet.
History
- Signed chap.387
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.606
- Substituted for A9320
- Referred to local governments
- Delivered to assembly
- Passed senateVote 57–1
- Home rule request
- Advanced to third reading
Show 3 earlier actions
- 2nd report cal.
- 1st report cal.744
- 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.
Legalizes and validates certain bond anticipation notes issued by the village of Whitehall, authorizes such village to issue additional notes and bonds
Assembly Floor Calendar · Sponsor Dan Stec
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6948
Title of bill
An act making certain findings and determinations with respect to certain bond anticipation notes issued by the village of Whitehall, in the town of Whitehall and county of Washington, validating and legalizing such notes, and authorizing the issuance of obligations of such village with respect thereto
Purpose
This validates and legalizes the bond anticipation notes and renewals thereof issued by the village to finance certain improvements to its sewer system and authorizes the village to issue additional bonds, and bond anticipation notes in anticipation of the sale of such bonds, to finance said sewer system improvements.
Summary of provisions
Pursuant to a bond resolution dated October 1, 2007, the village board of trustees authorized the issuance of serial bonds of the village, and bond anticipation notes in anticipation of the sale of such bonds, to finance the construction of certain improvements to the village's sewer system in order to bring it into compliance with a consent order agreement between the village and the New York State Department of Environmental Conservation. The village has issued several bond anticipation notes and renewals thereof pursuant to such bond resolution to finance said sewer system improvements. Certain principal payments on such bond anticipation notes and renewals thereof, however, were not made by the village from annual appropriations as required by the local finance law but were instead made from the proceeds of the bond anticipation notes issued to finance said sewer system improvements.
Justification
This legislation, will allow the village to proceed with short-term financing for said sewer system improvements through the New York State Environmental Facilities Corporation.
Legislative history
New Bill.
Local fiscal implications
None.
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.