Senate Bill S8725

2023-2024 Legislative Session

Extends the time frames for the issuance of certain bonds by the village of Washingtonville

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Local Government Committee

  • 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

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2023-S8725 (ACTIVE) - Details

See Assembly Version of this Bill:
A9690
Current Committee:
Senate Local Government
Law Section:
Orange County
Laws Affected:
Amd §2, Chap 206 of 2023

2023-S8725 (ACTIVE) - Summary

Amends the village of Washingtonville deficit financing act to extend the time frames for the issuance of certain bonds by the village of Washingtonville.

2023-S8725 (ACTIVE) - Sponsor Memo

2023-S8725 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8725
 
                             I N  S E N A T E
 
                               March 4, 2024
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the village of Washingtonville deficit financing act, in
   relation to the issuance of certain bonds
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1. Section 2 of chapter 206 of the laws of 2023, constituting
 the village of Washingtonville deficit financing act, is amended to read
 as follows:
   § 2. Bonds. The village of Washingtonville, Orange county,  is  hereby
 authorized  to  issue serial bonds, subject to the provisions of section
 10.10 of the local finance law, on or before [November  30,  2024]  JUNE
 30,  2025, in an aggregate principal amount not to exceed $4,500,000 for
 the specific object or purpose of liquidating the  accumulated  deficits
 of the general fund, water fund, sewer fund and capital projects fund as
 of  [May  31, 2023] FEBRUARY 29, 2024, including the remaining principal
 amount of any  budget,  deficiency  and/or  revenue  anticipation  notes
 outstanding  at  the time of said issuance of said serial bonds or notes
 authorized pursuant to this act. In anticipation  of  the  issuance  and
 sale of such serial bonds, bond anticipation notes are hereby authorized
 to be issued.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14730-01-4

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