S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11157
 
                           I N  A S S E M B L Y
 
                               June 11, 2018
                                ___________
 
 Introduced  by  COMMITTEE  ON  RULES -- (at request of M. of A. Stec) --
   read once and referred to the Committee on Local Governments
 
 AN ACT to legalize,  validate,  ratify  and  confirm  certain  acts  and
   proceedings  of  the town board of the town of Thurman, Warren county,
   New York, in relation to the issuance of obligations for the financing
   of alternate water supply systems for five  homes  as  required  by  a
   consent order of the department of environmental conservation and also
   for a municipal building
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings. It is hereby found and determined:
   (a) that the town board of the town of Thurman, county of Warren,  has
 heretofore  adopted  a  bond  resolution dated December 27, 2016 and has
 issued a bond anticipation note pursuant to such bond resolution for the
 undertaking of the installation of water supply systems for  five  homes
 pursuant to a consent order of the department of environmental conserva-
 tion and for a municipal building;
   (b)  that the town board of the town of Thurman, county of Warren, has
 heretofore adopted a bond resolution dated December  27,  2016  and  has
 issued  a  bond anticipation note in the principal amount of $313,000 on
 May 31, 2017 pursuant to such bond resolution  for  the  undertaking  of
 such improvements;
   (c)  that  the principal payment made by the town on the $313,000 bond
 anticipation note is described as follows: $13,000 on May 31, 2018 leav-
 ing $300,000 in principal outstanding and overdue; and
   (d) that the town failed to obtain the permission of the  state  comp-
 troller  pursuant  to paragraph 3 of section 104.10 of the local finance
 law prior to the issuance of the bond anticipation note issued  pursuant
 to the bond resolution dated December 27, 2016.
   § 2. Notwithstanding the defects described in section one of this act,
 the  bond  anticipation  notes issued by the town in anticipation of the
 bonds authorized pursuant to the bond resolution identified  in  section
 one of this act, and all disbursements made in connection with the afor-
 esaid  bond  anticipation  notes,  or  resolutions, acts and proceedings
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD16234-01-8

 A. 11157                            2
 
 adopted or taken by the board in relation thereto, are hereby validated,
 ratified and confirmed. The town is hereby authorized to issue bonds  or
 bond  anticipation  renewal  notes to continue financing the objects and
 purposes  authorized pursuant to the aforesaid bond resolutions over the
 period of probable usefulness thereof as set forth in section  11.00  of
 the local finance law.
   §  3. Except as otherwise provided in this act, any obligations issued
 pursuant to this act shall be issued in accordance with  the  provisions
 of the local finance law.
   §  4. If any clause, sentence, subdivision, paragraph, section or part
 of this act be adjudged by any court of  competent  jurisdiction  to  be
 invalid,  such  judgment  shall  not  affect,  impair  or invalidate the
 remainder thereof, but shall be confined in its operation to the clause,
 sentence, subdivision,  paragraph,  section  or  part  thereof  directly
 involved  in  the  controversy  in  which  such judgment shall have been
 rendered.
   § 5. This act shall take effect immediately.