Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 13, 2015 |
signed chap.77 |
Jul 10, 2015 |
delivered to governor |
Jun 11, 2015 |
returned to assembly passed senate substituted for s4954 |
May 28, 2015 |
referred to local government delivered to senate passed assembly |
May 21, 2015 |
advanced to third reading cal.426 |
May 19, 2015 |
reported |
May 12, 2015 |
reported referred to ways and means |
Mar 18, 2015 |
referred to local governments |
Assembly Bill A6258
Signed By Governor2015-2016 Legislative Session
Sponsored By
MAGNARELLI
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
2015-A6258 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4954
- Law Section:
- Local Finance Law
- Laws Affected:
- Amd §§21.00, 53.00, 54.90 & 107.00, Loc Fin L; amd §81, Chap 413 of 1991
2015-A6258 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6258 2015-2016 Regular Sessions I N A S S E M B L Y March 18, 2015 ___________ Introduced by M. of A. MAGNARELLI -- read once and referred to the Committee on Local Governments AN ACT to amend the local finance law and chapter 419 of the laws of 1991, amending the local finance law and other laws relating to providing relief to local governments for certain mandated programs and services, in relation to local government borrowing practices and mandate relief THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph b of section 21.00 of the local finance law, as amended by chapter 91 of the laws of 2012, is amended to read as follows: b. Serial bonds shall mature in annual installments. The first installment shall mature not later than eighteen months after the date of such bonds or two years after the date of the first bond anticipation note or notes issued in anticipation of such bonds, whichever is the earlier, provided, however, that until July fifteenth, two thousand [fifteen] EIGHTEEN, the first installment shall mature not later than two years after the date of such bonds or two years after the date of the first bond anticipation note or notes issued in anticipation of such bonds, whichever is the earlier. However, if bond anticipation notes are issued in anticipation of bonds and if a portion of such notes or the renewals thereof are redeemed from a source other than the proceeds of such bonds within two years from the date of the first such note or notes and a further portion thereof shall be so redeemed prior to the termination of each twelve months' period succeeding the date such original portion was so redeemed, the first installment of such bonds may, in the alternative, be made to mature not later than five years from the date of the first such note or notes. S 2. Paragraph b of section 53.00 of the local finance law, as amended by chapter 91 of the laws of 2012, is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09182-01-5
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