Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 21, 2014 |
signed chap.3 |
Feb 10, 2014 |
delivered to governor |
Feb 04, 2014 |
returned to senate passed assembly home rule request ordered to third reading rules cal.4 substituted for a8120 |
Feb 03, 2014 |
referred to ways and means delivered to assembly passed senate home rule request |
Jan 13, 2014 |
ordered to third reading cal.1 committee discharged and committed to rules |
Jan 08, 2014 |
referred to local government |
Aug 02, 2013 |
referred to rules |
Senate Bill S5922
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) 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
2013-S5922 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8120
- Law Section:
- Bonds and Notes
2013-S5922 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5922 TITLE OF BILL: An act authorizing the city of Long Beach to issue bonds PURPOSE OR GENERAL IDEA OF BILL: To authorize the City of Long Beach to issue bonds for the purpose of recovering from the destruction caused by Superstorm Sandy. SUMMARY OF SPECIFIC PROVISIONS: Section 1. The City of Long Beach, in the county of Nassau, is authorized to issue serial bonds to finance extraordinary expenses incurred as a result of Superstorm Sandy that are not eligible to be reimbursed from state and federal government grants. These bonds will be amortized over a period of ten (10) years. Section 2. Subject to section 10.10 of the Local Finance Law, the City of Long Beach is authorized to issue serial bonds, or on before June 30, 2015, in the aggregate principal amount not to exceed twelve million dollars ($12,000,000) for the purposes of liquidating current deficits in its general fund, sewer fund, water fund and risk management fund as of June 30, 2012. JUSTIFICATION:
2013-S5922 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5922 2013-2014 Regular Sessions I N S E N A T E August 2, 2013 ___________ Introduced by Sen. SKELOS -- read twice and ordered printed, and when printed to be committed to the Committee on Rules 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 to finance extraordinary expenses resulting from Superstorm Sandy. Extraordinary expenses as used in this section, shall mean the expense incurred for flood relief projects involving the public thoroughfares, public places and projects of the city during the last two months of 2012 and in 2013 which are not eligible to be reimbursed from state or federal government grants all as determined by the city council of the city. Extraordinary expenses shall also include interest on obligations issued in anticipation of the receipt of state and feder- al government payments pursuant to any state or federal disaster relief act. The city council of the city may authorize the issuance of serial bonds to pay for all or part of extraordinary expenses including to reimburse any fund or account of the city from which such extraordinary expenses have been paid. The period of probable usefulness of such objects or purposes shall be ten years. S 2. The city 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, 2015, in an aggregate principal amount not to exceed twelve million dollars ($12,000,000) for the specific object or purpose of liquidating accumulated deficits in its general fund, sewer fund, water fund and risk management fund as of the close of the fiscal year ending June 30, 2012. S 3. In anticipation of the issuance and sale of such serial bonds, bond anticipation notes are hereby authorized to be issued. S 4. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11646-01-3
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