Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 01, 2019 |
signed chap.317 delivered to governor |
Jun 18, 2019 |
returned to senate passed assembly ordered to third reading rules cal.267 substituted for a5483a |
Jun 13, 2019 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1335 committee discharged and committed to rules |
May 30, 2019 |
print number 2459a |
May 30, 2019 |
amend and recommit to local government |
Jan 25, 2019 |
referred to local government |
Senate Bill S2459A
Signed By Governor2019-2020 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
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
Bill Amendments
2019-S2459 - Details
- See Assembly Version of this Bill:
- A5483
- Law Section:
- Local Finance
2019-S2459 - Summary
Makes certain findings and determinations with respect to certain bond anticipation notes issued by the city school district of the city of Binghamton, and authorizes the issuance of obligations of such school district with respect thereto; authorizes certain bond anticipation notes to be renewed and the maturity thereof, including the maturity of renewals thereof, to extend for a period not to exceed seven years beyond the respective original date of issue of such bond anticipation notes.
2019-S2459 - Sponsor Memo
BILL NUMBER: S2459 SPONSOR: AKSHAR TITLE OF BILL: An act making certain findings and determinations with respect to certain bond anticipation notes issued by the city school district of the city of Binghamton, and authorizing the issuance of obligations of such school district with respect thereto PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to authorize the issuance of certain bond anticipation renewal notes of the City School District of the City of Binghamton issued in connection with the construction of a new Mac Arthur Elementary School, after destruction of the existing elementary school by flooding caused by Tropical Storm Lee. In order to permit the issuance of such further bond anticipation renewal notes of said School District for a period in excess of the current statutory' limit of five years, the proceeds of which, together with available current funds of said School District in amounts as shall be consistent with the require- ment of the local finance law, shall be used to refinance the latest
2019-S2459 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2459 2019-2020 Regular Sessions I N S E N A T E January 25, 2019 ___________ Introduced by Sen. AKSHAR -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT making certain findings and determinations with respect to certain bond anticipation notes issued by the city school district of the city of Binghamton, and authorizing the issuance of obligations of such school district with respect thereto 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 city school district of the city of Binghamton had duly adopted a bond resolution on February twelfth, two thousand thirteen authorizing the construction of a new Mac Arthur Elementary School at a maximum estimated cost of seventy-nine million five hundred thirty thousand dollars and authorizing the issuance of serial bonds of such school district not exceeding seventy-seven million eight hundred forty-three thousand dollars to pay a portion of the cost thereof and that, pursuant to such bond resolution, such school district has heretofore issued the following obligations: (a) a bond anticipation note in the principal amount of twenty million dollars issued on November twenty-first, two thousand thirteen, which matured on November twenty-first, two thousand fourteen; (b) a bond anticipation note in the principal amount of sixty million dollars issued on November twenty-first, two thousand fourteen, which matured November twentieth, two thousand fifteen, constituting a renewal financing of twenty million dollars and a second series of new money original financing of forty million dollars; (c) a bond anticipation renewal note in the principal amount of fifty-nine million six hundred eighty thousand dollars issued on Novem- ber twentieth, two thousand fifteen, which matured on November eigh- teenth, two thousand sixteen; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06345-01-9
2019-S2459A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5483
- Law Section:
- Local Finance
2019-S2459A (ACTIVE) - Summary
Makes certain findings and determinations with respect to certain bond anticipation notes issued by the city school district of the city of Binghamton, and authorizes the issuance of obligations of such school district with respect thereto; authorizes certain bond anticipation notes to be renewed and the maturity thereof, including the maturity of renewals thereof, to extend for a period not to exceed seven years beyond the respective original date of issue of such bond anticipation notes.
2019-S2459A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2459A SPONSOR: AKSHAR TITLE OF BILL: An act making certain findings and determinations with respect to certain bond anticipation notes issued by the city school district of the city of Binghamton, and authorizing the issuance of obligations of such school district with respect thereto PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to authorize the issuance of certain bond anticipation renewal notes of the City of Binghamton School District issued in connection with the construction of a new school. The Mac Arthur Elementary School was reconstructed after it was destroyed by flooding caused by Tropical Storm Lee. In order to permit the issuance of further bond anticipation renewal notes of the School District for a period in excess of the current statutory limit of five years, the proceeds of which, together with available current funds of the School District in amounts as shall be consistent with the requirement of the local finance law, shall be used to refinance the latest outstanding bond anticipation renewal note issued for the aforesaid purpose.
2019-S2459A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2459--A 2019-2020 Regular Sessions I N S E N A T E January 25, 2019 ___________ Introduced by Sen. AKSHAR -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT making certain findings and determinations with respect to certain bond anticipation notes issued by the city school district of the city of Binghamton, and authorizing the issuance of obligations of such school district with respect thereto 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 city school district of the city of Binghamton had duly adopted a bond resolution on February twelfth, two thousand thirteen authorizing the construction of a new Mac Arthur Elementary School at a maximum estimated cost of seventy-nine million five hundred thirty thousand dollars and authorizing the issuance of serial bonds of such school district not exceeding seventy-seven million eight hundred forty-three thousand dollars to pay a portion of the cost thereof and that, pursuant to such bond resolution, such school district has heretofore issued the following obligations: (a) a bond anticipation note in the principal amount of twenty million dollars issued on November twenty-first, two thousand thirteen, which matured on November twenty-first, two thousand fourteen; (b) a bond anticipation note in the principal amount of sixty million dollars issued on November twenty-first, two thousand fourteen, which matured November twentieth, two thousand fifteen, constituting a renewal financing of twenty million dollars and a second series of new money original financing of forty million dollars; (c) a bond anticipation renewal note in the principal amount of fifty-nine million six hundred eighty thousand dollars issued on Novem- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06345-03-9
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