Assembly Bill A3768

2019-2020 Legislative Session

Provides that bond anticipation notes issued during calendar years 2015 and 2016 may not extend more than 7 years beyond original date of issuance of such bond notes

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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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2019-A3768 (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
Local Finance Law
Laws Affected:
Amd §23.00, Loc Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: A9122
2015-2016: A7653
2017-2018: A7119

2019-A3768 (ACTIVE) - Summary

Provides that bond anticipation notes issued during calendar years 2015 and 2016 may not extend more than 7 years beyond original date of issuance of such bond notes.

2019-A3768 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3768
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 31, 2019
                                ___________
 
 Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
   tee on Local Governments
 
 AN  ACT to amend the local finance law, in relation to bond anticipation
   notes issued during the calendar years 2015 and 2016
 
   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] FIFTEEN or two  thousand  [eight]  SIXTEEN
 may  not  extend more than seven years beyond the original date of issue
 of such bond anticipation notes.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05142-01-9

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