Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jun 29, 2021 |
signed chap.189 delivered to governor |
Jun 01, 2021 |
returned to senate passed assembly |
May 25, 2021 |
ordered to third reading rules cal.141 substituted for a7398 referred to ways and means delivered to assembly passed senate |
May 24, 2021 |
advanced to third reading |
May 20, 2021 |
2nd report cal. |
May 18, 2021 |
1st report cal.1121 |
May 10, 2021 |
referred to cities 1 |
Senate Bill S6610
Signed By Governor2021-2022 Legislative Session
Sponsored By
(D, WF) 28th Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
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- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2021-S6610 (ACTIVE) - Details
2021-S6610 (ACTIVE) - Summary
Relates to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; amends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.
2021-S6610 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6610 SPONSOR: KRUEGER TITLE OF BILL: An act to amend the local finance law, in relation to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates or interest, interest rate exchange agreements of the city of New York, and the refunding of bonds; to amend chapter 868 of the laws of 1975 constituting the New York state financial emergency act for the city of New York, in relation to a pledge and agreement of the state; and to amend chapter 142 of the laws of 2004, amending the local finance law relating to interest rate exchange agreements of the city of New York and refunding bonds of such city, in relation to the effective- ness thereof SUMMARY OF PROVISIONS: Section one of this bill would amend § 54.10(a) of the Local Finance Law ("LFL") to extend until 2022 the provisions of such section authorizing the City to sell its obligations through negotiated agreement, to provide for compensation for services rendered in connection with the
2021-S6610 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6610 2021-2022 Regular Sessions I N S E N A T E May 10, 2021 ___________ Introduced by Sen. KRUEGER -- (at request of the NYC Office of Manage- ment and Budget) -- read twice and ordered printed, and when printed to be committed to the Committee on Cities 1 AN ACT to amend the local finance law, in relation to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates or interest, interest rate exchange agreements of the city of New York, and the refunding of bonds; to amend chapter 868 of the laws of 1975 constituting the New York state financial emergency act for the city of New York, in relation to a pledge and agreement of the state; and to amend chapter 142 of the laws of 2004, amending the local finance law relating to interest rate exchange agreements of the city of New York and refunding bonds of such city, in relation to the effectiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of paragraph (a) of section 54.10 of the local finance law, as amended by section 1 of item QQ of subpart B of part XXX of chapter 58 of the laws of 2020, is amended to read as follows: To facilitate the marketing of any issue of bonds or notes of the city of New York issued on or before June thirtieth, two thousand [twenty- one] TWENTY-TWO, the mayor and comptroller of such city may, subject to the approval of the state comptroller and the limitations on private sales of bonds and notes, respectively, provided by law: § 2. The closing paragraph of paragraph a of section 54.90 of the local finance law, as amended by section 2 of item QQ of subpart B of part XXX of chapter 58 of the laws of 2020, is amended to read as follows: Notwithstanding the foregoing, whenever in the judgment of the finance board of the city of New York the interest of such city would be served thereby, the city of New York may without further approval issue bonds EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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