Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 29, 2021 |
signed chap.168 |
Jun 17, 2021 |
delivered to governor |
Jun 07, 2021 |
returned to senate passed assembly home rule request ordered to third reading rules cal.415 substituted for a1724 |
Jun 01, 2021 |
referred to cities delivered to assembly passed senate home rule request |
May 10, 2021 |
advanced to third reading |
May 05, 2021 |
2nd report cal. |
May 04, 2021 |
1st report cal.891 |
Feb 05, 2021 |
committee discharged and committed to cities 2 |
Jan 06, 2021 |
referred to local government |
Senate Bill S1033
Signed By Governor2021-2022 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
2021-S1033 (ACTIVE) - Details
2021-S1033 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1033 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, 2021 to June 30, 2022 SUMMARY OF SPECIFIC PROVISIONS: Section one of the bill amends Section 54.40 of the local finance law as amended by section 1 of item GG of subpart B of part XXX of chapter 58 of the laws of 2020 to extend the city's authorization to issue bonds and notes through negotiated sale to June 30, 2022
2021-S1033 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1033 2021-2022 Regular Sessions I N S E N A T E January 6, 2021 ___________ 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 section 1 of item GG of subpart B of part XXX of chapter 58 of the laws of 2020, 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 [twenty-one] TWENTY-TWO, 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, compen- sation 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. LBD00853-01-1
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