Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 21, 2014 |
signed chap.408 |
Oct 09, 2014 |
delivered to governor |
Jun 12, 2014 |
returned to assembly passed senate 3rd reading cal.981 substituted for s7241a referred to corporations, authorities and commissions delivered to senate passed assembly |
Jun 11, 2014 |
ordered to third reading rules cal.205 rules report cal.205 reported |
Jun 09, 2014 |
reported referred to rules |
Jun 03, 2014 |
print number 9579a |
Jun 03, 2014 |
amend and recommit to ways and means |
May 20, 2014 |
reported referred to ways and means |
May 09, 2014 |
referred to corporations, authorities and commissions |
Assembly Bill A9579
Signed By Governor2013-2014 Legislative Session
Sponsored By
BRINDISI
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
Bill Amendments
2013-A9579 - Details
- See Senate Version of this Bill:
- S7241
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §1226-l, Pub Auth L
2013-A9579 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9579 I N A S S E M B L Y May 9, 2014 ___________ Introduced by M. of A. BRINDISI -- read once and referred to the Commit- tee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to the issuance of bonds and notes of the upper Mohawk valley regional water finance authority and to amend the maximum aggregate principal amount limita- tion THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1226-l of the public authorities law, as added by chapter 647 of the laws of 1994, is amended to read as follows: 1. The authority shall have the power and is hereby authorized from time to time to issue bonds, notes or other obligations to pay the cost of any project or for any other corporate purpose, including the estab- lishment of reserves to secure the bonds, the payment of principal of, premium, if any, and interest on the bonds and the payment of incidental expenses in connection therewith. [The] NO BONDS, NOTES OR OTHER OBLI- GATIONS SHALL BE ISSUED IF SUCH ISSUANCE WOULD CAUSE THE aggregate prin- cipal amount of such bonds, notes or other obligations [shall not] OUTSTANDING TO exceed one hundred FIFTY million dollars ([$100,000,000] $150,000,000), excluding bonds, notes or other obligations issued to refund or otherwise repay bonds, notes or other obligations theretofore issued for such purposes[; provided, however, that upon any such refund- ing or repayment the total aggregate principal amount of outstanding bonds, notes or other obligations may be greater than one hundred million dollars ($100,000,000) only if the present value of the aggre- gate debt service of the refunding or repayment bonds, notes or other obligations to be issued shall not exceed the present value of the aggregate debt service of the bonds, notes or other obligations so to be refunded or repaid. For purposes hereof, the present values of the aggregate debt service of the refunding or repayment bonds, notes or other obligations and of the aggregate debt service of the bonds, notes or other obligations so refunded or repaid, shall be calculated by utilizing the effective interest rate of the refunding or repayment EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2013-A9579A (ACTIVE) - Details
- See Senate Version of this Bill:
- S7241
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §1226-l, Pub Auth L
2013-A9579A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9579--A I N A S S E M B L Y May 9, 2014 ___________ Introduced by M. of A. BRINDISI -- read once and referred to the Commit- tee on Corporations, Authorities and Commissions -- reported and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the public authorities law, in relation to the issuance of bonds and notes of the upper Mohawk valley regional water finance authority and to amend the maximum aggregate principal amount limita- tion THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1226-l of the public authorities law, as added by chapter 647 of the laws of 1994, is amended to read as follows: 1. The authority shall have the power and is hereby authorized from time to time to issue bonds, notes or other obligations to pay the cost of any project or for any other corporate purpose, including the estab- lishment of reserves to secure the bonds, the payment of principal of, premium, if any, and interest on the bonds and the payment of incidental expenses in connection therewith. (A) The aggregate principal amount of such bonds, notes or other obli- gations shall not exceed one hundred FIFTY million dollars [($100,000,000)] ($150,000,000), excluding bonds, notes or other obli- gations issued to refund or otherwise repay bonds, notes or other obli- gations theretofore issued for such purposes; provided, however, that upon any such refunding or repayment the total aggregate principal amount of outstanding bonds, notes or other obligations may be greater than one hundred FIFTY million dollars [($100,000,000)] ($150,000,000) only if the present value of the aggregate debt service of the refunding or repayment bonds, notes or other obligations to be issued shall not exceed the present value of the aggregate debt service of the bonds, notes or other obligations so to be refunded or repaid. (B) PROVIDED FURTHER THAT NO SUCH BONDS, NOTES OR OTHER OBLIGATIONS THAT SUCH BOARD HAS DETERMINED TO BE REASONABLY NECESSARY TO SERVICE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. 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.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.