Senate Bill S5631

2019-2020 Legislative Session

Relates to the renewal of bond anticipation notes

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government Committee

  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2019-S5631 (ACTIVE) - Details

See Assembly Version of this Bill:
A6993
Current Committee:
Senate Local Government
Law Section:
Local Finance Law
Laws Affected:
Amd §23.00, Loc Fin L

2019-S5631 (ACTIVE) - Summary

Limits the renewal of bond anticipation notes issued between 2014, 2015, 2016, 2017, and 2018 so that it may not extend for more than seven years beyond the original date of issue.

2019-S5631 (ACTIVE) - Sponsor Memo

2019-S5631 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5631
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                                May 9, 2019
                                ___________
 
 Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the local finance law, in relation  to  the  renewal  of
   bond anticipation notes
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraph 2 of paragraph b of section 23.00 of the local
 finance law, as amended by chapter 264 of the laws of 2012,  is  amended
 to read as follows:
   2. renewals of bond anticipation notes issued originally during calen-
 dar year two thousand [seven or] FOURTEEN, two thousand [eight] FIFTEEN,
 TWO  THOUSAND  SIXTEEN, TWO THOUSAND SEVENTEEN, OR TWO THOUSAND EIGHTEEN
 may not extend more than seven years beyond the original date  of  issue
 of such bond anticipation notes.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10808-02-9

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.