senate Bill S2459A

Signed By Governor
2019-2020 Legislative Session

Makes certain findings with respect to bond anticipation notes issued by the city school district of the city of Binghamton and authorizes the issuance of obligations

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Sponsored By

Current Bill Status - 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 (14)
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

S2459 - Details

See Assembly Version of this Bill:
A5483
Law Section:
Local Finance

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.

S2459 - Sponsor Memo

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

S2459A (ACTIVE) - Details

See Assembly Version of this Bill:
A5483
Law Section:
Local Finance

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.

S2459A (ACTIVE) - Sponsor Memo

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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