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Senate Bill S7426A

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 Local Government Committee

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Bill Amendments

2011-S7426 - Details

See Assembly Version of this Bill:
A10159
Current Committee:
Senate Local Government
Law Section:
Bonds and Notes

2011-S7426 - Summary

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

2011-S7426 - Sponsor Memo

2011-S7426 - Bill Text download pdf 

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

                                  7426

                            I N  S E N A T E

                              May 14, 2012
                               ___________

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

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-S7426A (ACTIVE) - Details

See Assembly Version of this Bill:
A10159
Current Committee:
Senate Local Government
Law Section:
Bonds and Notes

2011-S7426A (ACTIVE) - Summary

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

2011-S7426A (ACTIVE) - Sponsor Memo

2011-S7426A (ACTIVE) - Bill Text download pdf 

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

                                 7426--A

                            I N  S E N A T E

                              May 14, 2012
                               ___________

Introduced  by  Sen.  SKELOS -- 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 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.
                                                           LBD15792-03-2

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