senate Bill S4938A

Signed By Governor
2011-2012 Legislative Session

Authorizes the city of Newburgh to issue deficit bonds and notes until December 31, 2012 pursuant to the city of Newburgh fiscal recovery act

download bill text pdf

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

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Your valid home address is used to determine which NY State Senator Represents you.
Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (17)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 03, 2011 signed chap.350
Jul 22, 2011 delivered to governor
Jun 20, 2011 returned to senate
passed assembly
home rule request
ordered to third reading rules cal.485
substituted for a7442a
Jun 14, 2011 referred to cities
delivered to assembly
passed senate
home rule request
Jun 13, 2011 advanced to third reading
Jun 07, 2011 2nd report cal.
Jun 06, 2011 1st report cal.992
May 23, 2011 print number 4938a
amend and recommit to local government
May 02, 2011 referred to local government

S4938 - Details

See Assembly Version of this Bill:
A7442A
Law Section:
Newburgh, City of
Laws Affected:
Amd §5, Chap 223 of 2010

S4938 - Summary

Authorizes the city of Newburgh to issue deficit bonds and notes until December 31, 2012 pursuant to the city of Newburgh fiscal recovery act.

S4938 - Sponsor Memo

S4938 - Bill Text download pdf

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

                                  4938

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 2, 2011
                               ___________

Introduced  by  Sen.  LARKIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the city of Newburgh fiscal recovery act, in relation to
  extending the final authorized date of issuance of deficit  bonds  and
  notes by such city

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

  Section 1. Section 5 of chapter 223 of the laws of 2010,  constituting
the city of Newburgh fiscal recovery act, is amended to read as follows:
  S 5. Deficit bond and deficit note issuance authorization. The city is
hereby authorized to issue bonds, subject to the provisions of this act,
on  or before [December 31, 2011] AUGUST 30, 2015, in an aggregate prin-
cipal amount not to exceed fifteen million dollars ($15,000,000) (exclu-
sive of the costs and expenses incidental to the issuance of  the  bonds
authorized  to  be  issued  by  this section) for the specific object or
purpose of liquidating actual deficits in its general fund, the  special
revenue fund, and the capital projects fund existing at the close of its
2010 fiscal year. In anticipation of the issuance of such bonds, deficit
notes are hereby authorized to be issued.
  S  2. This act shall take effect immediately, provided that the amend-
ments to the city of Newburgh fiscal recovery act, made by  section  one
of this act, shall not affect the expiration and repeal of such act, and
shall expire and be deemed repealed therewith.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11048-01-1

S4938A (ACTIVE) - Details

See Assembly Version of this Bill:
A7442A
Law Section:
Newburgh, City of
Laws Affected:
Amd §5, Chap 223 of 2010

S4938A (ACTIVE) - Summary

Authorizes the city of Newburgh to issue deficit bonds and notes until December 31, 2012 pursuant to the city of Newburgh fiscal recovery act.

S4938A (ACTIVE) - Sponsor Memo

S4938A (ACTIVE) - Bill Text download pdf

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

                                 4938--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 2, 2011
                               ___________

Introduced  by  Sen.  LARKIN -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Local  Government  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the city of Newburgh fiscal recovery act, in relation to
  extending the final authorized date of issuance of deficit  bonds  and
  notes by such city

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

  Section 1. Section 5 of chapter 223 of the laws of 2010,  constituting
the city of Newburgh fiscal recovery act, is amended to read as follows:
  S 5. Deficit bond and deficit note issuance authorization. The city is
hereby authorized to issue bonds, subject to the provisions of this act,
on  or before December 31, [2011] 2012, in an aggregate principal amount
not to exceed fifteen million dollars ($15,000,000)  (exclusive  of  the
costs and expenses incidental to the issuance of the bonds authorized to
be  issued by this section) for the specific object or purpose of liqui-
dating actual deficits in its general fund, the  special  revenue  fund,
and  the  capital projects fund existing at the close of its 2010 fiscal
year. In anticipation of the issuance of such bonds, deficit  notes  are
hereby authorized to be issued.
  S  2. This act shall take effect immediately, provided that the amend-
ments to the city of Newburgh fiscal recovery act, made by  section  one
of this act, shall not affect the expiration and repeal of such act, and
shall expire and be deemed repealed therewith.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
S                                                          LBD11048-02-1

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.