Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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May 15, 2023 | returned to senate passed assembly home rule request ordered to third reading cal.193 substituted for a1250 |
Apr 17, 2023 | referred to local governments delivered to assembly passed senate |
Mar 23, 2023 | advanced to third reading |
Mar 22, 2023 | 2nd report cal. |
Mar 21, 2023 | 1st report cal.555 |
Feb 10, 2023 | referred to local government |
senate Bill S4596
Sponsored By
Timothy M. Kennedy
(D, WF) 63rd Senate District
Current Bill Status - Passed Senate & Assembly
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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S4596 (ACTIVE) - Details
S4596 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4596 SPONSOR: KENNEDY TITLE OF BILL: An act to amend the local finance law, in relation to the sale of munic- ipal obligations by the county of Erie PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to provide Erie County with flexibility in its bond sales to maximize its return on bonds sold. SUMMARY OF PROVISIONS: Section 1 amends section 54.30 of the local finance law to extend for one year the authorization for the county of Erie to market serial bonds at private sale. Section 2 provides for an immediate effective date.
S4596 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4596 2023-2024 Regular Sessions I N S E N A T E February 10, 2023 ___________ Introduced by Sen. KENNEDY -- 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 the sale of munic- ipal obligations by the county of Erie THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of section 54.50 of the local finance law, as amended by chapter 329 of the laws of 2022, is amended to read as follows: To facilitate the marketing of any issue of serial bonds or notes of the county of Erie issued on or before June thirtieth, two thousand [twenty-three] TWENTY-FOUR such county may, notwithstanding any limita- tions on private sales of bonds provided by law, and subject to approval by the state comptroller of the terms and conditions of such sale: § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03730-01-3
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