Senate Bill S6786

Signed By Governor
2013-2014 Legislative Session

Makes certain findings and determinations with respect to bond anticipation notes issued by the town of Campbell, county of Steuben

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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

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2013-S6786 (ACTIVE) - Details

See Assembly Version of this Bill:
A9092
Law Section:
Steuben County

2013-S6786 (ACTIVE) - Summary

Makes certain findings and determinations with respect to bond anticipation notes issued by the town of Campbell, county of Steuben, validating such notes, and authorizing the issuance of obligations of such with respect thereto.

2013-S6786 (ACTIVE) - Sponsor Memo

2013-S6786 (ACTIVE) - Bill Text download pdf

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

                                  6786

                            I N  S E N A T E

                             March 11, 2014
                               ___________

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

AN ACT in relation to making certain findings  and  determinations  with
  respect  to  bond  anticipation  notes issued by the town of Campbell,
  county of Steuben, validating such notes, and authorizing the issuance
  of obligations of such with respect thereto

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

  Section 1. Legislative Findings. (a) It is hereby found and determined
that  the  town board of the town of Campbell, in the county of Steuben,
undertook the following described actions in relation to  the  formation
of Water District No. 2 within said town and the issuance of bond antic-
ipation  notes  to  finance  the  improvements  included  in  said water
district:
  (1) By an order adopted on September 14, 2009,  and  recorded  in  the
office  of the Steuben County Clerk on November 11, 2009 in book 2262 at
page 87, as amended and corrected by an amended order adopted on  Novem-
ber  8,  2010, and recorded in the office of the Steuben County Clerk on
November 16, 2010 in book 2311 at page 288, pursuant to  article  12  of
the  town  law, said town board approved the establishment of said Water
District No. 2 and the construction of the improvements to  be  included
in said water district at a maximum cost not to exceed $225,080.00.
  (2)  Pursuant to a resolution adopted by said town board on August 10,
2009, said town issued its note, dated September 4, 2009 in the  princi-
pal  amount  of  $225,080  maturing  on September 4, 2010 to finance the
improvements to be included as part of said Water District No. 2.  Ther-
eafter, pursuant to a bond resolution adopted  by  said  town  board  on
September  13,  2010  and  a certificate of the Supervisor of said town,
dated September 20, 2010, said note was refinanced by the issuance of  a
bond  anticipation note dated September 20, 2010 in the principal amount
of $225,080 maturing on September 20, 2011. Thereafter,  pursuant  to  a
resolution  adopted  by  said  town  board  on  September 12, 2011 and a
certificate of the supervisor of said town dated September 20,  2011,  a
principal payment of $10,000 was made on said bond anticipation note and

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

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