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 14, 2016 |
referred to ways and means delivered to assembly passed senate home rule request ordered to third reading cal.1698 committee discharged and committed to rules |
Jun 02, 2016 |
print number 7514a |
Jun 02, 2016 |
amend and recommit to local government |
May 06, 2016 |
referred to local government |
Senate Bill S7514A
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
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
co-Sponsors
(R, C, IP) Senate District
2015-S7514 - Details
- See Assembly Version of this Bill:
- A10514
- Law Section:
- Monroe County
2015-S7514 - Sponsor Memo
BILL NUMBER: S7514 TITLE OF BILL : An act authorizing the financing of and providing for a period of probable usefulness to the pre-payment of certain service contract obligations PURPOSE : This legislation would authorize the County of Monroe to finance, and provide the county with a 20 year period of probable usefulness for the financing of, the pre-payment of certain service contract obligations entered into by the County in an amount sufficient to redeem bonds issued by various local development corporations. SUMMARY : Section 1 of this legislation authorizes the County to issue bonds for the pre-payment of certain service contract obligations. Section 2 of this legislation provides that such financings shall constitute an object or purpose of the County. Section 3 of this legislation provides a period of probable usefulness for same.
2015-S7514 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7514 I N S E N A T E May 6, 2016 ___________ Introduced by Sens. ROBACH, FUNKE -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government 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 Obligations 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. Notwithstanding any limitations on private sale of bonds provided by law, the county may (a) arrange for the underwriting of its bonds at private sale through negotiated agreement, compensation for such underwriting to be provided by negotiated fee or by sale of such bonds or notes to an underwriter at a price of less than the sum of par value of, and the accrued interest EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(R, C, IP) Senate District
2015-S7514A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10514
- Law Section:
- Monroe County
2015-S7514A (ACTIVE) - Sponsor Memo
BILL NUMBER: S7514A TITLE OF BILL : An act authorizing the financing of and providing for a period of probable usefulness to the pre-payment of certain service contract obligations PURPOSE : Authorizes Monroe County to finance, by the issuance of bonds of the county, the pre-payment of the certain service contract obligations in amounts sufficient to redeem bonds issued by certain local development corporations (LDC). SUMMARY OF SPECIFIC PROVISIONS : Section 1. Authorizes the issuance of bonds of the county to pre-pay service contract obligations in amounts sufficient to redeem the bonds of the following LDCs: *Monroe Newpower Corporation *Monroe Security and Safety Systems Local Development Corporation *Upstate Telecommunications Corporation Section 2. Provides that the financing of service contract obligations
2015-S7514A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7514--A I N S E N A T E May 6, 2016 ___________ Introduced by Sens. ROBACH, FUNKE -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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.
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