senate Bill S2781

Signed By Governor
2011-2012 Legislative Session

Legalizes, validates, ratifies and confirms certain actions taken by the village of Black River, Jefferson County with respect to refunding its low interest loans

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Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 13, 2011 signed chap.15
Apr 01, 2011 delivered to governor
Mar 16, 2011 returned to senate
passed assembly
home rule request
ordered to third reading cal.115
substituted for a4074
Feb 28, 2011 referred to ways and means
delivered to assembly
passed senate
home rule request
Feb 15, 2011 advanced to third reading
Feb 14, 2011 2nd report cal.
Feb 08, 2011 1st report cal.79
Feb 01, 2011 referred to local government

S2781 - Details

See Assembly Version of this Bill:
A4074
Law Section:
Bonds and Notes

S2781 - Summary

Legalizes, validates, ratifies and confirms certain actions taken by the village of Black Water, Jefferson County with respect to refunding its low interest loans through the United States department of agriculture and the New York state environmental facilities corporation.

S2781 - Sponsor Memo

S2781 - Bill Text download pdf

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

    S. 2781                                                  A. 4074

                       2011-2012 Regular Sessions

                      S E N A T E - A S S E M B L Y

                            February 1, 2011
                               ___________

IN SENATE -- Introduced by Sen. RITCHIE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

IN  ASSEMBLY -- Introduced by M. of A. RUSSELL, BLANKENBUSH -- read once
  and referred to the Committee on Local Governments

AN ACT to legalize, validate, ratify and confirm certain  actions  taken
  by  the  village  of  Black  River,  in  the county of Jefferson, with
  respect to refunding its low interest loans through the United  States
  department of agriculture and the New York state environmental facili-
  ties corporation

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

  Section 1. It is hereby found and determined that: (i) the village  of
Black River, county of Jefferson, duly adopted on March 28, 2005, a bond
resolution  authorizing issuance of a maximum of $5,000,000.00 of serial
bonds in anticipation of financing the costs of  a  capital  improvement
project   for  improvement  of  facilities  of  the  village  wastewater
collection and treatment system; (ii) pursuant to such bond  resolution,
said  village  obtained  financing  from the United States Department of
Agriculture ("USDA") in the amount  of  $1,271,000.00  in  low  interest
loans  on  June  26,  2008,  and  a $500,000.00 grant for Phase I of the
project on May 21, 2009; (iii) pursuant to such  bond  resolution,  said
village  obtained  grant financing of $500,000.00 and $100,000.00 in low
interest loans from the USDA for Phase II of the project; (iv)  pursuant
to such bond resolution, said village also obtained short term financing
through  the New York State Environmental Facilities Corporation ("EFC")
on May 8, 2008 in the amount of  $2,916,900.00;  (v)  the  village  also
obtained  financing  for  the project totaling $950,586.48 from contrib-
utions from Merit Corporation, the town of LeRoy, the  town  of  Rutland
and  a municipal contribution from the village of Black River; (vi) said

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06908-03-1

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