senate Bill S1153A

2009-2010 Legislative Session

Authorizes village of Frankfort to finance a certain specific object or purpose over a period of ten years

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Archive: Last Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 25, 2010 referred to local governments
delivered to assembly
passed senate
home rule request
Jun 08, 2010 advanced to third reading
Jun 07, 2010 2nd report cal.
Jun 03, 2010 1st report cal.732
Mar 24, 2010 print number 1153a
amend (t) and recommit to local government
Jan 06, 2010 referred to local government
Jul 16, 2009 committed to rules
Apr 28, 2009 advanced to third reading
Apr 27, 2009 2nd report cal.
Apr 22, 2009 1st report cal.214
Jan 26, 2009 referred to local government

Votes

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Bill Amendments

Original
A (Active)
Original
A (Active)

S1153 - Details

See Assembly Version of this Bill:
A6727A
Current Committee:
Law Section:
Herkimer County

S1153 - Summary

Authorizes village of Frankfort to finance a certain specific object or purpose over a period of ten years computed from the date of the first bond anticipation notes issued.

S1153 - Sponsor Memo

S1153 - Bill Text download pdf

The Bill text is not available.

S1153A (ACTIVE) - Details

See Assembly Version of this Bill:
A6727A
Current Committee:
Law Section:
Herkimer County

S1153A (ACTIVE) - Summary

Authorizes village of Frankfort to finance a certain specific object or purpose over a period of ten years computed from the date of the first bond anticipation notes issued.

S1153A (ACTIVE) - Sponsor Memo

S1153A (ACTIVE) - Bill Text download pdf

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

                                 1153--A

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            January 26, 2009
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government -- recom-
  mitted to the Committee on Local Government in accordance with  Senate
  Rule  6,  sec.  8  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN ACT to authorize the  village  of  Frankfort  to  finance  a  certain
  specific  object  or  purpose over a period of ten years computed from
  the date of the first bond anticipation notes issued therefor

  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 as
follows:    that, the village board of trustees of the village of Frank-
fort duly adopted a bond resolution on  August  20,  2009,  authorizing,
$140,390  serial  bonds to pay the cost of payment of a settled claim to
the county of Herkimer as a result of termination  of  workers'  compen-
sation  coverage  for water department employees for said village; that,
the authorizing bond resolution assigned a period of probable usefulness
of five years to such specific object or purpose; that, the  authorizing
bond  resolution  restricted  the  maximum  maturity of the serial bonds
authorized by such bond resolution to five  years;  that  the  board  of
trustees  of  said  village, finding that the financing of the aforesaid
specific object or purpose over a period of five years computed from the
date of the first bond anticipation note issued under such  bond  resol-
ution,  is financially burdensome, and, therefore, said village board of
trustees is desirous of amending such bond resolution to provide  for  a
period  of probable usefulness of ten years, so that the serial bonds to
be issued therefor may mature over a period up to  ten  years,  computed
from the date of the first bond anticipation note issued under such bond
resolution;  and  that, bond counsel for the village has advised village
officials that such bond resolution legally may not be so amended  under
existing law, for the reason that it is not now possible, under existing

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05333-03-0

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