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Senate Bill S65006

2009-2010 Legislative Session

Authorizes the town of Deerpark to issue serial bonds

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2009-S65006 (ACTIVE) - Details

See other versions of this Bill:
S4825 ,
A7745 ,
S60407 ,
Current Committee:
Senate Rules
Law Section:
Bonds and Notes
Laws Affected:
Amd ยง1, Chap 270 of 2008

2009-S65006 (ACTIVE) - Summary

Authorizes the town of Deerpark to issue serial bonds for the specific object or purpose of liquidating the accumulated deficits in its general fund and highway fund.

2009-S65006 (ACTIVE) - Bill Text download pdf 

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

                                    6

                      Eighth Extraordinary Session

                            I N  S E N A T E

                              June 29, 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 270 of the laws of 2008 authorizing the town  of
  Deerpark to issue bonds, in relation to extending such authorization

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

  Section 1. Section 1 of chapter 270 of the laws  of  2008  authorizing
the town of Deerpark to issue bonds, is amended to read as follows:
  Section  1.  The town of Deerpark (hereinafter referred to in this act
as the "town"), in the county of Orange, 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, [2009] 2010, in an aggregate  princi-
pal amount not to exceed eight hundred [sixty-eight thousand] FIFTY-NINE
THOUSAND  NINE  HUNDRED EIGHTY-EIGHT dollars [($868,000)] ($859,988) for
the specific object or purpose of liquidating  actual  deficits  in  its
general  fund  and  highway  fund at the close of the fiscal year ending
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.
                                                           LBD11292-04-9

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