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Assembly Bill A10159A

2011-2012 Legislative Session

Authorizes the city of Long Beach to issue up to $15,000,000 in bonds to cover current deficits

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Archive: Last Bill Status - In Senate Committee Rules Committee

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Bill Amendments

2011-A10159 - Details

See Senate Version of this Bill:
S7426
Current Committee:
Senate Rules
Law Section:
Bonds and Notes

2011-A10159 - Summary

Authorizes the city of Long Beach to issue up to $15,000,000 in bonds to cover current deficits.

2011-A10159 - Bill Text download pdf 

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

                                  10159

                          I N  A S S E M B L Y

                               May 9, 2012
                               ___________

Introduced  by  M.  of  A.  WEISENBERG  -- read once and referred to the
  Committee on Cities

AN ACT authorizing the city of Long Beach to issue bonds

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

  Section 1. The city of Long Beach (hereinafter referred to in this act
as  the  "city"), in the county of Nassau, 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, 2013, in an aggregate principal
amount not to exceed  fifteen  million  dollars  ($15,000,000)  for  the
specific object or purpose of liquidating current deficits in its gener-
al  fund  and  highway fund as of June 30, 2012.  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.
                                                           LBD15792-01-2

2011-A10159A (ACTIVE) - Details

See Senate Version of this Bill:
S7426
Current Committee:
Senate Rules
Law Section:
Bonds and Notes

2011-A10159A (ACTIVE) - Summary

Authorizes the city of Long Beach to issue up to $15,000,000 in bonds to cover current deficits.

2011-A10159A (ACTIVE) - Bill Text download pdf 

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

                                10159--A

                          I N  A S S E M B L Y

                               May 9, 2012
                               ___________

Introduced  by  M.  of  A.  WEISENBERG  -- read once and referred to the
  Committee on Cities -- committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN ACT authorizing the city of Long Beach to issue bonds

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

  Section 1. The city of Long Beach (hereinafter referred to in this act
as the "city"), in the county of Nassau, 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,  2013,  in  an  aggregate  principal
amount  not  to  exceed  fifteen  million  dollars ($15,000,000) for the
specific object or purpose of liquidating current deficits in its gener-
al fund, sewer fund, and water fund as of June  30,  2012.    In  antic-
ipation 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.
                                                           LBD15792-02-2

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