assembly Bill A6664

Signed By Governor
2017-2018 Legislative Session

Authorizes the village of Hoosick Falls, county of Rensselaer, to issue certain bonds

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Sponsored By

Archive: Last Bill Status Via S5198 - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 21, 2017 signed chap.245
Aug 09, 2017 delivered to governor
Jun 20, 2017 returned to senate
passed assembly
ordered to third reading rules cal.594
substituted for a6664
Jun 20, 2017 substituted by s5198
rules report cal.594
reported
reported referred to rules
Jun 14, 2017 reported referred to ways and means
Mar 13, 2017 referred to local governments

Co-Sponsors

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Multi-Sponsors

A6664 (ACTIVE) - Details

See Senate Version of this Bill:
S5198
Law Section:
Rensselaer County

A6664 (ACTIVE) - Summary

Authorizes the village of Hoosick Falls, county of Rensselaer, to issue certain bonds to reimburse the village for extraordinary expenses incurred in connection with the discovery of perfluorooctanoic acid (PFOA).

A6664 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6664

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                             March 13, 2017
                               ___________

Introduced  by  M.  of  A.  McLAUGHLIN  -- read once and referred to the
  Committee on Local Governments

AN ACT authorizing the village of Hoosick Falls, county  of  Rensselaer,
  to issue certain bonds

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The village of Hoosick Falls, in the county of  Rensselaer,
is hereby authorized to issue serial bonds, subject to the provisions of
this  act,  on  or  before December 31, 2017, for the specific object or
purpose of reimbursing the village for (i) payments made by the  village
from  the  village  general fund, water fund and sewer fund for extraor-
dinary expenses incurred by the village and (ii)  extraordinary  revenue
losses  suffered  by  the  village  water  fund  and  sewer fund, all in
connection with or as a result of the discovery of the contamination  of
the village's municipal water supply by the hazardous substance known as
perfluorooctanoic  acid  (or  PFOA). "Extraordinary expenses" as used in
this section shall mean those operating and capital  costs  directly  or
indirectly  related to or resulting from (a) such contamination, (b) the
reduction or elimination of the  contamination,  (c)  negotiations  with
parties  alleged to bear legal responsibility for the contamination, and
(d) the issuance of notes by the village under the local finance law  to
finance  any  of  the  foregoing  and  any  extraordinary revenue losses
described above, including, without limitation,  costs  for  engineering
services,  testing  services,  legal  services, and public relations and
communication  services,  as  well  as  other  related  village   costs.
"Extraordinary  revenue  losses"  as used in this section shall mean the
extent to which, in the aggregate, budgeted water fund  and  sewer  fund
revenues  exceeded actual water fund and sewer fund revenues received by
the village in village fiscal years 2014-15, 2015-16, and 2016-17.
  § 2. Notwithstanding the provisions of  section  11.00  of  the  local
finance  law,  the specific object or purpose referred to in section one

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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