Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 12, 2016 |
signed chap.238 |
Aug 02, 2016 |
delivered to governor |
Jun 15, 2016 |
returned to senate passed assembly home rule request ordered to third reading rules cal.376 substituted for a10514 |
Jun 15, 2016 |
substituted by s7514a |
Jun 14, 2016 |
ordered to third reading rules cal.376 rules report cal.376 reported reported referred to rules |
Jun 09, 2016 |
reported referred to ways and means |
May 31, 2016 |
referred to local governments |
Assembly Bill A10514
Signed By Governor2015-2016 Legislative Session
Sponsored By
MORELLE
Archive: Last Bill Status Via S7514 - 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
co-Sponsors
Harry B. Bronson
Mark C. Johns
2015-A10514 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7514
- Law Section:
- Monroe County
2015-A10514 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10514 I N A S S E M B L Y May 31, 2016 ___________ Introduced by M. of A. MORELLE, BRONSON -- read once and referred to the Committee on Local Governments AN ACT authorizing the financing of and providing for a period of proba- ble usefulness to the pre-payment of certain service contract obli- gations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The county of Monroe is hereby authorized to finance by the issuance of bonds of the county, the pre-payment of the following service contract obligations in amounts sufficient to redeem bonds issued by the following local development corporations, including inci- dental expenses in connection therewith: (a) Energy Supply Agreement between the county and Monroe Newpower Corporation dated December 31, 2012, as amended. (b) Security and Safety Systems Services Agreement between the county and Monroe Security & Safety Systems Local Development Corporation dated January 10, 2010, as amended. (c) Master Systems and Service Agreement between the county and Upstate Telecommunications Corporation dated February 7, 2005, as amended (collectively, the "Service Contract Obligations"; each a "Service Contract Obligation"). S 2. The financing of any one Service Contract Obligation shall be a specific object or purpose of the county. The financing of two or more Service Contract Obligations shall be a class of objects or purposes of the county. S 3. The period of probable usefulness for the financing of a Service Contract Obligation shall be twenty years. S 4. Such bonds of the county may be sold at public sale in accordance with the provisions of Title 4 of the local finance law. The cost of underwriting shall be deemed an incidental expense for purposes of this act. In anticipation of the sale and issuance of such bonds, bond antic- ipation notes are hereby authorized to be issued at public or private sale. S 5. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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