S T A T E O F N E W Y O R K
I N S E N A T E
May 14, 2012
Introduced by Sen. SKELOS -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT authorizing the city of Long Beach to issue bonds
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The city of Long Beach (hereinafter referred to in this act
as the "city"), in the county of Nassau, 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, 2013, in an aggregate principal
amount not to exceed fifteen million dollars ($15,000,000) for the
specific object or purpose of liquidating current deficits in its gener-
al fund, sewer fund, and water fund as of June 30, 2012. In antic-
ipation 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.