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Senate Bill S65059

2009-2010 Legislative Session

Extends until October 1, 2010, the expiration date for the city of Olean to issue serial bonds to finance a certain deficit

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2009-S65059 (ACTIVE) - Details

See other versions of this Bill:
S3826 ,
A7721 ,
S50039 ,
S60439 ,
Current Committee:
Senate Rules
Law Section:
Olean, City of
Laws Affected:
Amd ยง1, Chap 331 of 2007

2009-S65059 (ACTIVE) - Summary

Extends from October 1, 2009 until October 1, 2010, the expiration of the authority of the city of Olean to issue serial bonds to finance a certain deficit.

2009-S65059 (ACTIVE) - Bill Text download pdf 

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

                                   59

                      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 331 of the laws of 2007, authorizing the city of
  Olean, in the county of Cattaraugus, to finance a certain  deficit  by
  the issuance of bonds, in relation to extending the time period during
  which such bonds may be issued

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

  Section 1. Section 1 of chapter 331 of the laws of  2007,  authorizing
the  city  of  Olean, in the county of Cattaraugus, to finance a certain
deficit by the issuance of bonds, as amended by chapter 127 of the  laws
of 2008, is amended to read as follows:
  Section  1. The city of Olean, in the county of Cattaraugus, is hereby
authorized to issue serial bonds on or before October 1, [2009] 2010  in
an  aggregate  principal amount not to exceed four million three hundred
thousand dollars ($4,300,000) for the  specific  object  or  purpose  of
liquidating  the  deficits  in  the general fund, the water fund and the
sewer fund of such city for the fiscal years June 1,  2001  through  May
31,  2002,  June  1, 2002 through May 31, 2003, June 1, 2003 through May
31, 2004, June 1, 2004 through May 31, 2005, June 1,  2005  through  May
31, 2006, and June 1, 2006 through May 31, 2007.  In anticipation of the
issuance  of the bonds authorized to be issued by this act, the issuance
and sale of bond anticipation notes are hereby authorized.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10896-01-9

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