Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 01, 2011 |
signed chap.40 |
May 20, 2011 |
delivered to governor |
May 09, 2011 |
returned to senate passed assembly home rule request ordered to third reading cal.258 substituted for a4764 |
Mar 23, 2011 |
referred to ways and means delivered to assembly passed senate home rule request |
Mar 22, 2011 |
advanced to third reading |
Mar 21, 2011 |
2nd report cal. |
Mar 16, 2011 |
1st report cal.236 |
Feb 01, 2011 |
referred to local government |
Senate Bill S2778
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R, C) 53rd Senate District
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
Actions
Votes
co-Sponsors
(R, C, IP) Senate District
2011-S2778 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A4764
- Law Section:
- Bonds and Notes
2011-S2778 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2778 TITLE OF BILL: An act in relation to making certain findings and determinations with respect to bond anticipation notes issued by the village of Norwood, in the town of Potsdam, county of St. Lawrence, and validates and legalizes such notes; and authorizes the issuance of obligations of such bond anticipation notes with respect thereto PURPOSE: This legislation is to provide legislative relief by validating and ratifying the Village of Norwood's actions with respect to bond anticipation notes notwithstanding the village not making an additional principal payment in 2009 or 2010. SUMMARY OF PROVISIONS: Section 1. Outlines history of the bond anticipation note the village of Norwood issued to finance the construction of certain improvements to their sewer plant and collection system. Section 2. Provides that such bond is validated, ratified and confirmed. Section 3. Provides that the bond shall be deemed to have been issued in accordance with provisions of the local finance law.
2011-S2778 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2778 2011-2012 Regular Sessions I N S E N A T E February 1, 2011 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT in relation to making certain findings and determinations with respect to bond anticipation notes issued by the village of Norwood, in the town of Potsdam, county of St. Lawrence, and validates and legalizes such notes; and authorizes the issuance of obligations of such bond anticipation notes with respect thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. It is hereby found and determined that pursuant to a bond resolution dated February 20, 2007, the village of Norwood, in the town of Potsdam, county of St. Lawrence, authorized the issuance of a $2,386,000 principal amount bond anticipation note of said village dated June 25, 2008, to finance the construction of certain improvements to the village's sewer plant and collection system; and that the village has not made annual principal payments in compliance with the applicable provisions of the amortization requirements of sections 23.00, 21.00 and 169.00 of the local finance law. S 2. Notwithstanding the defects described in section one of this act, the bond anticipation note and any renewals thereof issued by the village of Norwood, as described in section one of this act, and all resolutions, acts and proceedings heretofore adopted or taken by the board of trustees and the village treasurer of said village in relation thereto, are hereby validated, ratified and confirmed and any principal payment hereafter made by such village in 2011 on the bond anticipation note shall be deemed to be in compliance with the amortization require- ments of sections 23.00, 21.00 and 169.00 of the local finance law. S 3. Except as otherwise set forth in this act, the bonds and bond anticipation notes, and renewals thereof, issued pursuant to this act shall be issued in accordance with the provisions of the local finance law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06976-02-1
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