senate Bill S8989A

2017-2018 Legislative Session

Legalizes, validates, ratifies and confirms certain acts and proceedings of the town board of the Town of Thurman, Warren County in relation to the issuance of obligations

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Archive: Last Bill Status - Passed Senate


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

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Actions

view actions (8)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 18, 2018 referred to ways and means
delivered to assembly
passed senate
home rule request
ordered to third reading cal.1901
Jun 14, 2018 print number 8989a
Jun 14, 2018 amend and recommit to rules
Jun 11, 2018 referred to rules

S8989 (ACTIVE) - Details

See Assembly Version of this Bill:
A11157
Law Section:
Towns

S8989 (ACTIVE) - Summary

Legalizes, validates, ratifies and confirms certain acts and proceedings of the town board of the town of Thurman, Warren county, 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.

S8989 (ACTIVE) - Sponsor Memo

S8989 (ACTIVE) - Bill Text download pdf


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

                                  8989

                            I N  S E N A T E

                              June 11, 2018
                               ___________

Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

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

S8989A (ACTIVE) - Details

See Assembly Version of this Bill:
A11157
Law Section:
Towns

S8989A (ACTIVE) - Summary

Legalizes, validates, ratifies and confirms certain acts and proceedings of the town board of the town of Thurman, Warren county, 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.

S8989A (ACTIVE) - Sponsor Memo

S8989A (ACTIVE) - Bill Text download pdf


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

                                 8989--A

                            I N  S E N A T E

                              June 11, 2018
                               ___________

Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
  printed to be  committed  to  the  Committee  on  Rules  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

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
that the town board of the town of Thurman, county of Warren:
  (a) duly adopted a bond resolution dated December  27,  2016  for  the
purpose  of installation of water supply systems for five homes pursuant
to a consent order of the department of environmental  conservation  and
for a municipal building;
  (b)  subsequently  issued  a  bond  anticipation note in the principal
amount of $313,000 on May 31, 2017;
  (c) made a principal payment of  $13,000  on  May  31,  2018,  leaving
$300,000 in principal outstanding; and
  (d) with respect to the issuance of the bond anticipation note, failed
to  obtain the permission of the state comptroller pursuant to paragraph
3 of section 104.10 of the local finance law prior to  the  issuance  of
such bond anticipation note.
  §  2. Notwithstanding the defects described in section one of this act
relating to the bond anticipation note of the town of Thurman, the issu-
ance of such note is hereby validated, ratified and legalized. Such town
is hereby authorized to issue bond anticipation renewal notes and  bonds
to refinance such note.
  §  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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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