Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 26, 2017 |
signed chap.45 |
Jun 14, 2017 |
delivered to governor |
May 15, 2017 |
returned to assembly passed senate 3rd reading cal.578 substituted for s5295 |
May 15, 2017 |
substituted by a6507 |
May 01, 2017 |
advanced to third reading |
Apr 26, 2017 |
2nd report cal. |
Apr 25, 2017 |
1st report cal.578 |
Mar 20, 2017 |
referred to local government |
Senate Bill S5295
Signed By Governor2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A6507 - 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
2017-S5295 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6507
- Law Section:
- Bonds and Notes
- Laws Affected:
- Amd §2, Chap 629 of 2005
2017-S5295 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5295 TITLE OF BILL : An act to amend chapter 629 of the laws of 2005 amending the local finance law relating to refunding bonds, in relation to extending the effectiveness thereof PURPOSE OF THE BILL : The bill would extend to September 30, 2020 provisions relating to bonds issued to the Environmental Facilities Corporation ("EFC") in connection with hardship State Revolving Fund ("SRF") financing. SUMMARY OF PROVISIONS : Section 1 of the bill would extend until September 30, 2020 the "sunset" provision of Section 2 of Chapter 629 of the Laws of 2005, thereby extending for an additional three years the provisions of Local Finance Law ("LFL") § 90.00(c)(2) which authorize municipalities with hardship SRF financing who are seeking to extend the term of their existing loans through refinancing through the SRF and whose current bonds or notes are within 5 years of issuance, to sell their refunding bonds to EFC without requiring a showing of savings. Section 2 of the bill provides for an immediate effective date. JUSTIFICATION :
2017-S5295 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5295 2017-2018 Regular Sessions I N S E N A T E March 20, 2017 ___________ Introduced by Sen. RANZENHOFER -- (at request of the Environmental Facilities Corporation) -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend chapter 629 of the laws of 2005 amending the local finance law relating to refunding bonds, in relation to extending the effectiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2 of chapter 629 of the laws of 2005 amending the local finance law relating to refunding bonds, as amended by chapter 158 of the laws of 2014, is amended to read as follows: § 2. This act shall take effect immediately and shall expire and be deemed repealed September 30, [2017] 2020. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09933-01-7
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.