|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Aug 11, 2014||signed chap.306|
|Aug 01, 2014||delivered to governor|
|Jun 19, 2014||returned to senate|
home rule request
ordered to third reading rules cal.467
substituted for a9092
|Jun 10, 2014||referred to local governments|
delivered to assembly
home rule request
|Jun 03, 2014||ordered to third reading cal.1119|
reported and committed to rules
|Mar 11, 2014||referred to local government|
senate Bill S6786Signed By Governor
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
S6786 - Details
- See Assembly Version of this Bill:
- Law Section:
- Steuben County
S6786 - Sponsor Memo
BILL NUMBER:S6786 TITLE OF BILL: 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 PURPOSE: This bill will legalize and validate certain minor technical violations of the Local Finance Law by the town of Campbell, County of Steuben in connection with the issuances of bond anticipation notes to finance the formation of Water District No. 2 within the town of Campbell thereby validating certain bond anticipation notes and authorizing the town to issue further bond anticipation notes and/or bonds in order to finance the project and the improvements of such project. SUMMARY OF PROVISIONS: Section 1 of the bill sets forth, as Legislative findings, the pertinent history of the initial establishment proceedings for Water District No. 2 and the notes and bonds issued to finance the improvements. Among the steps taken by the town board in 2009 through 2013, to establish such water district, the notes and bonds were not issued in compliance with the applicable provisions of the local finance law.
S6786 - 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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