S T A T E O F N E W Y O R K
I N S E N A T E
March 7, 2012
Introduced by Sen. STEWART-COUSINS -- read twice and ordered printed,
and when printed to be committed to the Committee on Local Government
AN ACT to amend the local finance law, in relation to bond anticipation
notes issued during the calendar years 2006 and 2007
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subparagraph 2 of paragraph b of section 23.00 of the local
finance law, as amended by chapter 386 of the laws of 2010, is amended
to read as follows:
2. renewals of bond anticipation notes issued originally during calen-
dar year two thousand [four] SIX or two thousand [five] SEVEN may not
extend more than seven years beyond the original date of issue of such
bond anticipation notes.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.