Senate Bill S6730

Signed By Governor
2009-2010 Legislative Session

Authorizes and extends the provisions of the town of East Hampton, county of Suffolk to issue certain serial bonds

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Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S6730 (ACTIVE) - Details

See Assembly Version of this Bill:
A9817
Law Section:
Suffolk County
Laws Affected:
Amd §1, Chap 282 of 2008

2009-S6730 (ACTIVE) - Summary

Authorizes and extends the provisions of the town of East Hampton, county of Suffolk to issue certain serial bonds; permits the issuance of such serial bonds to liquidate a deficit for the year 2009, increases the aggregate principal amount for such serial bonds for 2007, 2008 and 2009; extends the provisions thereof until December 31, 2011.

2009-S6730 (ACTIVE) - Sponsor Memo

2009-S6730 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6730

                            I N  S E N A T E

                            February 1, 2010
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend chapter 282 of the laws of 2008, relating to authorizing
  the town of East Hampton, county of Suffolk to  issue  certain  serial
  bonds,  in relation to permitting the issuance of such serial bonds to
  liquidate a deficit for the year 2009, increasing the aggregate  prin-
  cipal  amount  for  such  serial  bonds  for  2007, 2008 and 2009; and
  extending the provisions thereof

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section 1 of chapter 282 of the laws of 2008, relating to
authorizing the town of East Hampton, county of Suffolk to issue certain
serial bonds, as amended by chapter 190 of the laws of 2009, is  amended
to read as follows:
  Section  1.  The town of East Hampton (hereinafter referred to in this
act as the "town"), in the county of Suffolk, is  hereby  authorized  to
issue  serial  bonds,  subject to the provisions of section 10.10 of the
local finance law, on or before [June 30, 2010] DECEMBER 31, 2011, in an
aggregate principal  amount  not  to  exceed  [fifteen  million  dollars
($15,000,000)]  THIRTY  MILLION  DOLLARS  ($30,000,000) for the specific
object or purpose of liquidating actual deficits in its general fund  at
the  close  of the fiscal years ending December 31, 2007 [and], December
31, 2008, AND DECEMBER 31, 2009.  In anticipation of  the  issuance  and
sale of such serial bonds, bond anticipation notes are hereby authorized
to be issued.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15144-02-0

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