Assembly Bill A2137

Signed By Governor
2023-2024 Legislative Session

Increases the total amount of bonds the Buffalo sewer authority may issue

download bill text pdf

Sponsored By

Current 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

2023-A2137 (ACTIVE) - Details

See Senate Version of this Bill:
S6292
Law Section:
Public Authorities Law
Laws Affected:
Amd §1187, Pub Auth L
Versions Introduced in 2021-2022 Legislative Session:
A7068, S6769

2023-A2137 (ACTIVE) - Summary

Increases the total amount of bonds the Buffalo sewer authority may issue from two hundred fifty million to five hundred million dollars.

2023-A2137 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2137
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2023
                                ___________
 
 Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in  relation  to  increasing
   the total amount of bonds the Buffalo sewer authority may issue
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 1187  of  the  public  authorities
 law,  as  amended by chapter 244 of the laws of 2018, is amended to read
 as follows:
   1. The authority shall have power and is hereby authorized  from  time
 to  time  to  issue  its  negotiable bonds in conformity with applicable
 provisions of the uniform commercial  code  for  any  of  its  corporate
 purposes.  The  total  amount of bonds issued and outstanding at any one
 time shall not exceed in the aggregate the sum of  [two  hundred  fifty]
 FIVE  HUNDRED  million dollars, excluding bonds or notes for the payment
 or redemption of which there has been set aside and held in trust either
 moneys, or direct and general obligations of, or obligations  guaranteed
 by,  the  United States of America, or obligations secured by such obli-
 gations, or any combination thereof, which are or will be sufficient  to
 pay  when  due  the  principal  or  applicable  redemption price and all
 accrued interest thereon and, if such bonds or notes are to be redeemed,
 for which notice of redemption has been given or satisfactory  provision
 has  been  made for the giving of such notice.  The authority shall have
 power from time to time,  whenever  it  deems  refunding  expedient,  to
 refund  any  bonds by the issuance of new bonds, whether the bonds to be
 refunded have or have not matured or are then subject to redemption, and
 may issue bonds partly to refund bonds then outstanding and  partly  for
 any of its corporate purposes.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01842-01-3

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.