Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 01, 2018 |
signed chap.83 |
Jun 28, 2018 |
delivered to governor |
Jun 04, 2018 |
returned to assembly passed senate home rule request |
May 30, 2018 |
3rd reading cal.569 substituted for s7547 |
May 07, 2018 |
referred to local government delivered to senate passed assembly home rule request |
Apr 26, 2018 |
advanced to third reading cal.812 |
Apr 24, 2018 |
reported reported referred to ways and means |
Feb 02, 2018 |
referred to local governments |
Assembly Bill A9711
Signed By Governor2017-2018 Legislative Session
Sponsored By
SCHIMMINGER
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
co-Sponsors
Crystal Peoples-Stokes
multi-Sponsors
David DiPietro
2017-A9711 (ACTIVE) - Details
2017-A9711 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9711 I N A S S E M B L Y February 2, 2018 ___________ Introduced by M. of A. SCHIMMINGER, PEOPLES-STOKES -- Multi-Sponsored by -- M. of A. DiPIETRO -- read once and referred to the Committee on Local Governments AN ACT to amend the local finance law, in relation to the sale of munic- ipal obligations by the county of Erie THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 54.50 of the local finance law, as amended by chap- ter 75 of the laws of 2017, is amended to read as follows: § 54.50 Costs of sales; county of Erie. To facilitate the marketing of any issue of serial bonds or notes of the county of Erie issued on or before June thirtieth, two thousand [eighteen] NINETEEN such county may, notwithstanding any limitations on private sales of bonds provided by law, and subject to approval by the state comptroller of the terms and conditions of such sale: a. arrange for the underwriting of its bonds or notes 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 less than the sum of par value of, and the accrued interest on, such obligations; or b. arrange for the private sale of its bonds or notes through negoti- ated agreement, compensation for such sales to be provided by negotiated fee, if required. The cost of such underwriting or private placement shall be deemed a preliminary cost for purposes of section 11.00 of this chapter. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14286-01-8
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