Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 03, 2019 |
signed chap.71 |
Jun 28, 2019 |
delivered to governor |
Jun 18, 2019 |
returned to senate passed assembly home rule request ordered to third reading rules cal.341 substituted for a3845a |
Jun 11, 2019 |
referred to cities delivered to assembly passed senate home rule request |
May 22, 2019 |
advanced to third reading |
May 21, 2019 |
2nd report cal. |
May 20, 2019 |
1st report cal.788 |
Feb 06, 2019 |
referred to local government |
Senate Bill S3405
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D, WF) 35th 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
2019-S3405 (ACTIVE) - Details
2019-S3405 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3405 SPONSOR: STEWART-COUSINS TITLE OF BILL: An act to amend the local finance law, in relation to bonds and notes of the city of Yonkers PURPOSE: Extender law - this bill extends the marketing limitation on serial bonds/notes of Yonkers from June 30, 2019 to June 30, 2020 SUMMARY OF SPECIFIC PROVISIONS: Section one of the bill amends Section 54.40 of the local finance law as amended by chapter 81 of the laws of 2018 to extend the city's authori- zation to issue bonds and notes through negotiated sale to June 30, 2020 JUSTIFICATION: Extender law - this bill extends the marketing limitation on serial
2019-S3405 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3405 2019-2020 Regular Sessions I N S E N A T E February 6, 2019 ___________ Introduced by Sen. STEWART-COUSINS -- 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 bonds and notes of the city of Yonkers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 54.40 of the local finance law, as amended by chap- ter 81 of the laws of 2018, is amended to read as follows: § 54.40 Bonds and notes of the city of Yonkers. Subject to the provisions of the New York state financial emergency act of nineteen hundred eighty-four for the city of Yonkers, to facilitate the marketing of any issue of serial bonds or notes of the city of Yonkers issued on or before June thirtieth, two thousand [nineteen] TWENTY, such city may, notwithstanding any limitations on private sales of bonds provided by law, and subject to approval by the state comptroller of the terms and conditions of such sale: (a) arrange for the underwriting of its bonds or notes at private sale through negotiated agreement, compensation for such underwriting to be provided by negotiated fee or by sale of such bonds or notes to an underwriter at a price of less than the sum of par value of, and the accrued interest on, such obligations; or (b) arrange for the private sale of its bonds or notes through negotiated agreement, compensation for such sales to be provided by negotiated fee, if required. The cost of such underwriting or private placement shall be deemed a preliminary cost for purposes of section 11.00 of this article. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05383-01-9
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