Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Aug 24, 2020 | signed chap.157 |
Aug 12, 2020 | delivered to governor |
May 28, 2020 | returned to assembly passed senate 3rd reading cal.668 substituted for s8417 |
May 27, 2020 | referred to rules delivered to senate passed assembly ordered to third reading rules cal.44 rules report cal.44 reported reported referred to rules |
May 26, 2020 | reported referred to ways and means |
May 22, 2020 | referred to local governments |
assembly Bill A10492
Signed By GovernorSponsored By
THIELE
Archive: Last Bill Status - Signed by Governor
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
Your Voice
Actions
Votes
Co-Sponsors
Karen McMahon
Marianne Buttenschon
Steven Otis
Felix Ortiz
A10492 (ACTIVE) - Details
- See Senate Version of this Bill:
- S8417
- Law Section:
- Local Finance Law
- Laws Affected:
- Amd §23.00, Loc Fin L
A10492 (ACTIVE) - Summary
Relates to bond anticipation notes issued in calendar years 2015 through 2021; authorizes the expenditure and temporary transfer of reserve funds for expenses related to COVID-19; authorizes the extension of repayment of inter-fund advances made for expenses related to COVID-19.
A10492 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10492 I N A S S E M B L Y May 22, 2020 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Thiele) -- (at request of the State Comptroller) -- read once and referred to the Committee on Local Governments AN ACT to amend the local finance law, in relation to bond anticipation notes issued in calendar years 2015 through 2021; to authorize the expenditure and temporary transfer of reserve funds for expenses related to COVID-19; and to authorize the extension of repayment of inter-fund advances made for expenses related to COVID-19 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 two thousand eight] YEARS TWO THOUSAND FIFTEEN THROUGH TWO THOUSAND TWENTY-ONE, INCLUSIVE may not extend more than seven years beyond the original date of issue of such bond antic- ipation notes. § 2. Notwithstanding any provision of sections 6-c or 6-g of the general municipal law or section 3651 of the education law to the contrary, the governing board of a town, village, county, city, water improvement district, sewer improvement district, fire district or school district, by resolution which shall not be subject to referendum requirements, may authorize expenditures from capital reserve funds for capital costs attributable to the COVID-19 pandemic. § 3. Notwithstanding any provision of the general municipal law, the town law or the education law to the contrary, the governing board of a town, village, county, city, water improvement district, sewer improve- ment district, fire district or school district, by resolution which shall not be subject to referendum requirements, if any, may authorize the temporary transfer of moneys from reserve funds to pay for operating costs or other costs attributable to the COVID-19 pandemic, provided, that the reserve fund from which the funds were temporarily transferred shall be reimbursed from the fund to which the transfer was made over a EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets