Senate Bill S5055

2015-2016 Legislative Session

Provides that bond anticipation notes issued during calendar years 2012 and 2013 may not extend more than 7 years beyond original date of issuance of such bond notes

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Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government Committee

  • 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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2015-S5055 (ACTIVE) - Details

See Assembly Version of this Bill:
A7653
Current Committee:
Senate Local Government
Law Section:
Local Finance Law
Laws Affected:
Amd §23.00, Loc Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: S6817, A9122
2017-2018: A7119
2019-2020: A3768

2015-S5055 (ACTIVE) - Summary

Provides that bond anticipation notes issued during calendar years 2012 and 2013 may not extend more than 7 years beyond original date of issuance of such bond notes.

2015-S5055 (ACTIVE) - Sponsor Memo

2015-S5055 (ACTIVE) - Bill Text download pdf 

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

                                  5055

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             April 29, 2015
                               ___________

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 2012 and 2013

  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 264 of the laws of 2012,  is  amended
to read as follows:
  2. renewals of bond anticipation notes issued originally during calen-
dar  year  two  thousand [seven] TWELVE or two thousand [eight] THIRTEEN
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.
                                                           LBD02748-02-5

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