assembly Bill A6293B

Signed By Governor
2019-2020 Legislative Session

Relates to the sale, issuance and refund of bonds and notes of New York city

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Sponsored By

Archive: Last Bill Status Via S4197 - 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 (17)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 03, 2019 signed chap.75
Jun 28, 2019 delivered to governor
Jun 19, 2019 returned to senate
passed assembly
ordered to third reading rules cal.451
substituted for a6293b
Jun 19, 2019 substituted by s4197b
Jun 17, 2019 ordered to third reading rules cal.451
rules report cal.451
reported
reported referred to rules
Jun 04, 2019 reported referred to ways and means
May 30, 2019 print number 6293b
May 30, 2019 amend and recommit to cities
Mar 21, 2019 print number 6293a
Mar 21, 2019 amend and recommit to cities
Mar 04, 2019 referred to cities

Votes

view votes

May 20, 2019 - Local Government committee Vote

S4197A
5
1
committee
5
Aye
1
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: May 20, 2019

nay (1)
aye wr (1)

A6293 - Details

See Senate Version of this Bill:
S4197
Law Section:
Local Finance Law
Laws Affected:
Amd §§54.10, 54.90, 57.00, 90.00 & 107.00, Loc Fin L; amd §10-a, §2 of Chap 868 of 1975; amd §5, Chap 142 of 2004
Versions Introduced in 2021-2022 Legislative Session:
A7398, S6610

A6293 - Summary

Relates to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; amends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.

A6293 - Bill Text download pdf


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

                                  6293

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                              March 4, 2019
                               ___________

Introduced  by  M.  of  A.  WEINSTEIN  --  read once and referred to the
  Committee on Cities

AN ACT to amend the local finance law, in relation to the sale of  bonds
  and notes of the city of New York, the issuance of bonds or notes with
  variable  rates  of interest, interest rate exchange agreements of the
  city of New York, the refunding of bonds, and  the  down  payment  for
  projects  financed  by  bonds;  to  amend the New York state financial
  emergency act for the city of New York, in relation to  a  pledge  and
  agreement  of the state; and to amend chapter 142 of the laws of 2004,
  amending the local finance law  relating  to  interest  rate  exchange
  agreements  of  the city of New York and refunding bonds of such city,
  in relation to the effectiveness thereof

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

  Section  1. The opening paragraph of paragraph (a) of section 54.10 of
the local finance law, as amended by chapter 91 of the laws of 2018,  is
amended to read as follows:
  To facilitate the marketing of any issue of bonds or notes of the city
of  New York issued on or before June thirtieth, two thousand [nineteen]
TWENTY-TWO, the mayor and comptroller of such city may, subject  to  the
approval  of  the state comptroller and the limitations on private sales
of bonds and notes, respectively, provided by law:
  § 2. The closing paragraph of paragraph a  of  section  54.90  of  the
local  finance  law,  as  amended  by chapter 91 of the laws of 2018, is
amended to read as follows:
  Notwithstanding the foregoing, whenever in the judgment of the finance
board of the city of New York the interest of such city would be  served
thereby,  the  city of New York may without further approval issue bonds
or notes, on or before July fifteenth, two thousand  [nineteen]  TWENTY-
TWO,  with  interest  rates  that  vary  in accordance with a formula or
procedure and are subject to a maximum rate of  interest  set  forth  or

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

Co-Sponsors

A6293A - Details

See Senate Version of this Bill:
S4197
Law Section:
Local Finance Law
Laws Affected:
Amd §§54.10, 54.90, 57.00, 90.00 & 107.00, Loc Fin L; amd §10-a, §2 of Chap 868 of 1975; amd §5, Chap 142 of 2004
Versions Introduced in 2021-2022 Legislative Session:
A7398, S6610

A6293A - Summary

Relates to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; amends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.

A6293A - Bill Text download pdf


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

                                 6293--A

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                              March 4, 2019
                               ___________

Introduced  by  M.  of  A.  WEINSTEIN  --  read once and referred to the
  Committee on Cities -- committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN  ACT to amend the local finance law, in relation to the sale of bonds
  and notes of the city of New York, the issuance of bonds or notes with
  variable rates of interest, interest rate exchange agreements  of  the
  city  of  New  York,  the refunding of bonds, and the down payment for
  projects financed by bonds; to amend  the  New  York  state  financial
  emergency  act  for  the city of New York, in relation to a pledge and
  agreement of the state; and to amend chapter 142 of the laws of  2004,
  amending  the  local  finance  law  relating to interest rate exchange
  agreements of the city of New York and refunding bonds of  such  city,
  in relation to the effectiveness thereof

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

  Section 1. The opening paragraph of paragraph (a) of section 54.10  of
the  local finance law, as amended by chapter 91 of the laws of 2018, is
amended to read as follows:
  To facilitate the marketing of any issue of bonds or notes of the city
of New York issued on or before June thirtieth, two thousand  [nineteen]
TWENTY-TWO,  the  mayor and comptroller of such city may, subject to the
approval of the state comptroller and the limitations on  private  sales
of bonds and notes, respectively, provided by law:
  §  2.  The  closing  paragraph  of paragraph a of section 54.90 of the
local finance law, as amended by chapter 91 of  the  laws  of  2018,  is
amended to read as follows:
  Notwithstanding the foregoing, whenever in the judgment of the finance
board  of the city of New York the interest of such city would be served
thereby, the city of New York may without further approval  issue  bonds
or  notes,  on or before July fifteenth, two thousand [nineteen] TWENTY-
TWO, with interest rates that vary  in  accordance  with  a  formula  or

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

Co-Sponsors

A6293B (ACTIVE) - Details

See Senate Version of this Bill:
S4197
Law Section:
Local Finance Law
Laws Affected:
Amd §§54.10, 54.90, 57.00, 90.00 & 107.00, Loc Fin L; amd §10-a, §2 of Chap 868 of 1975; amd §5, Chap 142 of 2004
Versions Introduced in 2021-2022 Legislative Session:
A7398, S6610

A6293B (ACTIVE) - Summary

Relates to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; amends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.

A6293B (ACTIVE) - Bill Text download pdf


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

                                 6293--B

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                              March 4, 2019
                               ___________

Introduced  by  M.  of A. WEINSTEIN, COLTON -- read once and referred to
  the Committee on Cities -- committee discharged, bill amended, ordered
  reprinted as amended  and  recommitted  to  said  committee  --  again
  reported  from  said  committee  with amendments, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the local finance law, in relation to the sale of  bonds
  and notes of the city of New York, the issuance of bonds or notes with
  variable  rates  of interest, interest rate exchange agreements of the
  city of New York, the refunding of bonds, and  the  down  payment  for
  projects  financed  by  bonds;  to  amend the New York state financial
  emergency act for the city of New York, in relation to  a  pledge  and
  agreement  of the state; and to amend chapter 142 of the laws of 2004,
  amending the local finance law  relating  to  interest  rate  exchange
  agreements  of  the city of New York and refunding bonds of such city,
  in relation to the effectiveness thereof

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

  Section  1. The opening paragraph of paragraph (a) of section 54.10 of
the local finance law, as amended by chapter 91 of the laws of 2018,  is
amended to read as follows:
  To facilitate the marketing of any issue of bonds or notes of the city
of  New York issued on or before June thirtieth, two thousand [nineteen]
TWENTY, the mayor and comptroller of  such  city  may,  subject  to  the
approval  of  the state comptroller and the limitations on private sales
of bonds and notes, respectively, provided by law:
  § 2. The closing paragraph of paragraph a  of  section  54.90  of  the
local  finance  law,  as  amended  by chapter 91 of the laws of 2018, is
amended to read as follows:
  Notwithstanding the foregoing, whenever in the judgment of the finance
board of the city of New York the interest of such city would be  served
thereby,  the  city of New York may without further approval issue bonds

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