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Senate Bill S50036

2009-2010 Legislative Session

Extends the authorization for East Hampton, Suffolk county, to issue certain serial bonds

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2009-S50036 (ACTIVE) - Details

See Senate Version of this Bill:
S5757
Current Committee:
Senate Rules
Law Section:
Suffolk County
Laws Affected:
Amd ยง1, Chap 282 of 2008

2009-S50036 (ACTIVE) - Summary

Extends the authorization for East Hampton, Suffolk county, to issue certain serial bonds.

2009-S50036 (ACTIVE) - Bill Text download pdf 

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

                                   36

                          Extraordinary Session

                            I N  S E N A T E

                              June 23, 2009
                               ___________

Introduced by COMMITTEE ON RULES -- (at request of the Governor) -- read
  twice  and  ordered  printed,  and when printed to be committed to the
  Committee on Rules

AN ACT to amend chapter 282 of the laws of 2008, relating to authorizing
  the town of East Hampton, county of Suffolk to  issue  certain  serial
  bonds, in relation to extending the provisions thereof

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 1 of chapter 282 of the laws of 2008,  relating  to
authorizing the town of East Hampton, county of Suffolk to issue certain
serial bonds, is amended to read as follows:
  Section  1.  The town of East Hampton (hereinafter referred to in this
act as the "town"), in the county of Suffolk, is  hereby  authorized  to
issue  serial  bonds,  subject to the provisions of section 10.10 of the
local finance law, on or before [December 31, 2009] JUNE 30, 2010, in an
aggregate  principal  amount  not  to  exceed  fifteen  million  dollars
($15,000,000)  for  the specific object or purpose of liquidating actual
deficits in its general fund at the close of  the  fiscal  years  ending
December 31, 2007 and December 31, 2008. In anticipation of the issuance
and  sale  of  such  serial  bonds,  bond  anticipation notes are hereby
authorized to be issued.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14145-01-9

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