Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 22, 2009 |
tabled |
Jul 21, 2009 |
vetoed memo.21 |
Jul 09, 2009 |
delivered to governor returned to assembly passed senate 3rd reading cal.460 substituted for s5073 |
Jun 18, 2009 |
referred to rules |
Jun 16, 2009 |
delivered to senate passed assembly ordered to third reading rules cal.354 rules report cal.354 reported |
Jun 15, 2009 |
reported referred to rules |
May 15, 2009 |
referred to ways and means |
Assembly Bill A8374
Vetoed By Governor2009-2010 Legislative Session
Sponsored By
PEOPLES-STOKES
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
2009-A8374 (ACTIVE) - Details
2009-A8374 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8374 2009-2010 Regular Sessions I N A S S E M B L Y May 15, 2009 ___________ Introduced by M. of A. PEOPLES -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the public authorities law, in relation to the Buffalo Fiscal Stability Authority (BFSA) financial crisis determinations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 1 and 3 of section 3851 of the public authori- ties law, as added by chapter 122 of the laws of 2003, are amended to read as follows: 1. "Advisory period" means that period no earlier than July first, two thousand six, after which the authority has determined that (a) for each of the three immediately preceding city fiscal years, the city has adopted and adhered to budgets covering all expenditures, other than capital items, the results of which did not show a deficit, without the use of any [authority] BFSA assistance, as provided for under SUBDIVI- SION ONE OF section thirty-eight hundred fifty-seven of this title, when reported in accordance with generally accepted accounting principles and (b) the comptroller and the state comptroller jointly certify that secu- rities were sold by the city during the immediately preceding city fiscal year in the general public market and that there is a substantial likelihood that such securities can be sold by the city in the general public market from such date through the end of the next succeeding city fiscal year in amounts that will satisfy substantially all of the capi- tal and cash flow requirements of the city during that period in accord- ance with the financial plan then in existence. The joint certification made by the comptroller and the state comptroller shall be based on their separate written determinations which may take into account a report and opinion of an independent expert in the marketing of securi- ties selected by the authority as well as other information available to the comptrollers. Once begun, an advisory period shall continue through EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11598-01-9
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