Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 30, 2011 |
signed chap.104 delivered to governor |
Jun 17, 2011 |
returned to assembly passed senate home rule request 3rd reading cal.778 substituted for s4632 |
Jun 06, 2011 |
referred to local government delivered to senate passed assembly home rule request ordered to third reading rules cal.53 rules report cal.53 reported |
Jun 02, 2011 |
reported referred to rules reported referred to ways and means |
Feb 17, 2011 |
referred to cities |
Assembly Bill A5377
Signed By Governor2011-2012 Legislative Session
Sponsored By
SCHIMMINGER
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Sam Hoyt
Crystal Peoples-Stokes
Mark J.F. Schroeder
Dennis H. Gabryszak
2011-A5377 (ACTIVE) - Details
2011-A5377 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5377 2011-2012 Regular Sessions I N A S S E M B L Y February 17, 2011 ___________ Introduced by M. of A. SCHIMMINGER, HOYT, PEOPLES-STOKES, SCHROEDER, GABRYSZAK -- read once and referred to the Committee on Cities AN ACT to amend the local finance law, in relation to the sale of bonds and notes of the city of Buffalo THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 54.30 of the local finance law, as amended by chap- ter 128 of the laws of 2010, is amended to read as follows: S 54.30 Costs of sales; bonds and notes of the city of Buffalo. Subject to the provisions of chapter one hundred twenty-two of the laws of two thousand three creating the Buffalo fiscal stability authority, to facilitate the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before June thirtieth, two thousand [elev- en] TWELVE, such city may, notwithstanding any limitations on private sales of bonds provided by law, and subject to approval by the state comptroller of the terms and conditions of such sale: (a) arrange for the underwriting of its bonds or notes at private sale through negoti- ated agreement, compensation for such underwriting to be provided by negotiated fee or by sale of such bonds or notes to an underwriter at a price of less than the sum of par value of, and the accrued interest on, such obligations; or (b) arrange for the private sale of its bonds or notes through negotiated agreement, compensation for such sales to be provided by negotiated fee, if required. The cost of such underwriting or private placement shall be deemed a preliminary cost for purposes of section 11.00 of this article. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07911-01-1
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