Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 24, 2018 |
signed chap.244 |
Aug 13, 2018 |
delivered to governor |
Jun 20, 2018 |
returned to assembly passed senate 3rd reading cal.2143 substituted for s7837 |
Jun 20, 2018 |
substituted by a10074 ordered to third reading cal.2143 committee discharged and committed to rules |
May 15, 2018 |
reported and committed to finance |
Mar 01, 2018 |
referred to corporations, authorities and commissions |
Senate Bill S7837
Signed By Governor2017-2018 Legislative Session
Sponsored By
(D, WF) 63rd Senate District
Archive: Last Bill Status Via A10074 - 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-S7837 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10074
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §1187, Pub Auth L
2017-S7837 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7837 SPONSOR: KENNEDY TITLE OF BILL: An act to amend the public authorities law, in relation to the total amount of bonds the Buffalo sewer authority may issue PURPOSE: To enable the Buffalo Sewer Authority to issue bonds in the total amount of Two Hundred Fifty Million Dollars. SUMMARY OF PROVISIONS: Section 1 amends Section 1187(1) of the Public Authorities Law to authorize the Buffalo Sewer Authority to issue bonds in the total amount of Two Hundred Fifty Million Dollars from its current authorization of One Hundred Twenty-Five Million Dollars. Section 2 sets the effective date immediately after it shall have become
2017-S7837 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7837 I N S E N A T E March 1, 2018 ___________ Introduced by Sen. KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to the total amount of bonds the Buffalo sewer authority may issue THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1187 of the public authorities law, as amended by chapter 284 of the laws of 1977, is amended to read as follows: 1. The authority shall have power and is hereby authorized from time to time to issue its negotiable bonds in conformity with applicable provisions of the uniform commercial code for any of its corporate purposes. The total amount of bonds issued and outstanding at any one time shall not exceed in the aggregate the sum of [one hundred twenty- five] TWO HUNDRED FIFTY million dollars, excluding bonds or notes for the payment or redemption of which there has been set aside and held in trust either moneys, or direct and general obligations of, or obli- gations guaranteed by, the United States of America, or obligations secured by such obligations, or any combination thereof, which are or will be sufficient to pay when due the principal or applicable redemp- tion price and all accrued interest thereon and, if such bonds or notes are to be redeemed, for which notice of redemption has been given or satisfactory provision has been made for the giving of such notice. The authority shall have power from time to time, whenever it deems refund- ing expedient, to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured or are then subject to redemption, and may issue bonds partly to refund bonds then outstanding and partly for any of its corporate purposes. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14960-01-8
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