S T A T E O F N E W Y O R K
2009-2010 Regular Sessions
I N S E N A T E
June 3, 2009
Introduced by Sen. FOLEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Education
AN ACT to validate, ratify and confirm the expenditure, by the William
Floyd union free school district of the Mastics-Moriches-Shirley,
Suffolk county, New York, of proceeds from certain bonds issued by the
district pursuant to certain bond resolutions adopted by such district
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Definition. For the purposes of this act, "district" shall
mean the William Floyd union free school district of the Mastics-Morich-
es-Shirley, Suffolk county, New York.
S 2. The past expenditures of the proceeds of obligations issued
pursuant to the bond resolutions adopted by the district on December 13,
1993, December 5, 1994 and December 16, 1999, are hereby validated,
ratified and confirmed notwithstanding that a portion of such obli-
gations were issued for certain stated objects or purposes, as referred
to in such bond resolutions, and the proceeds were expended for differ-
ent objects or purposes, which were authorized pursuant to the several
bond resolutions referred to herein.
S 3. The district is hereby authorized to eliminate the deficits that
appear in its capital project fund as a result of the expenditures
described in section two of this act by re-allocating, as needed, such
prior expenditures among the bond resolutions authorized by the district
on December 13, 1993, December 5, 1994 and December 16, 1999.
S 4. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.