senate Bill S5198

Signed By Governor
2017-2018 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - 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 (15)
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
May 23, 2017 referred to local governments
delivered to assembly
passed senate
home rule request
May 15, 2017 advanced to third reading
May 10, 2017 2nd report cal.
May 09, 2017 1st report cal.900
Mar 21, 2017 reported and committed to finance
Mar 13, 2017 referred to local government

S5198 - Details

See Assembly Version of this Bill:
A6664
Law Section:
Rensselaer County

S5198 - 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).

S5198 - Sponsor Memo

S5198 - Bill Text download pdf

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

                                  5198

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             March 13, 2017
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

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.
  S  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.
                                                           LBD10612-01-7

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