assembly Bill A6412A

2015-2016 Legislative Session

Exempts certain veterans service organizations from taxes on the sales of beer, wine and soda

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
You must fill out the form below in order to support or oppose this bill. X

Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 01, 2016 print number 6412a
amend and recommit to ways and means
Jan 06, 2016 referred to ways and means
Mar 24, 2015 referred to ways and means

A6412 - Details

See Senate Version of this Bill:
S2496A
Law Section:
Tax Law
Laws Affected:
Amd §1115, Tax L
Versions Introduced in Previous Legislative Sessions:
2013-2014: S3402A
2011-2012: S6951

A6412 - Summary

Exempts certain veterans service organizations from taxes on the sales of beer, wine and soda.

A6412 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6412

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 24, 2015
                               ___________

Introduced  by  M.  of  A.  SKARTADOS  --  read once and referred to the
  Committee on Ways and Means

AN ACT to amend the tax law, in relation to exempting  certain  veterans
  service organizations from taxes on the sales of beer, wine and soda

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision (a) of section 1115 of the tax law  is  amended
by adding a new paragraph 1-a to read as follows:
  (1-A) BEER, WINE AND SODA PURCHASED OR SOLD BY VETERANS SERVICE ORGAN-
IZATIONS. FOR THE PURPOSES OF THIS PARAGRAPH, THE TERM "VETERANS SERVICE
ORGANIZATIONS"  SHALL  MEAN  VETERANS SERVICE ORGANIZATIONS CHARTERED BY
THE UNITED STATES CONGRESS PURSUANT TO 38 USC 5902.
  S 2. This act shall take effect January 1, 2016.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07827-01-5

A6412A - Details

See Senate Version of this Bill:
S2496A
Law Section:
Tax Law
Laws Affected:
Amd §1115, Tax L
Versions Introduced in Previous Legislative Sessions:
2013-2014: S3402A
2011-2012: S6951

A6412A - Summary

Exempts certain veterans service organizations from taxes on the sales of beer, wine and soda.

A6412A - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6412--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 24, 2015
                               ___________

Introduced  by  M.  of  A.  SKARTADOS  --  read once and referred to the
  Committee on Ways and Means -- recommitted to the  Committee  on  Ways
  and  Means  in  accordance  with  Assembly Rule 3, sec. 2 -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the tax law, in relation to exempting  certain  veterans
  service organizations from taxes on the sales of beer, wine and soda

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision (a) of section 1115 of the tax law  is  amended
by adding a new paragraph 1-a to read as follows:
  (1-A) BEER, WINE AND SODA PURCHASED OR SOLD BY VETERANS SERVICE ORGAN-
IZATIONS. FOR THE PURPOSES OF THIS PARAGRAPH, THE TERM "VETERANS SERVICE
ORGANIZATIONS"  SHALL  MEAN  VETERANS SERVICE ORGANIZATIONS CHARTERED BY
THE UNITED STATES CONGRESS PURSUANT TO 38 USC 5902.
  S 2. This act shall take effect January 1, 2017.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07827-03-6

I recently had the opportunity to visit with 4th grade students at Paul Road Elementary school, and take in their lesson using the innovative littleBits education kits. LittleBits is an interactive building block tool that helps the students with critical thinking and problem solving, in a fun and exciting way. This program was purchased by the Gates Chili School District with state education aid I previously helped secure.

PRESS RELEASE 
March 1, 2016 
FOR IMMEDIATE RELEASE 

Senator Ruben Diaz announces the celebration of the  6th  “Abrazo Garifuna  in New York”

Bronx, NY-Senator Rev. Rubén Díaz, in conjunction with  New York State Assemblymen Marcos Crespo, Luis Sepulveda, Michael Blake and newly elected City Council Member Rafael Salamanca, will celebrate the 6th   “Abrazo Garifuna in New York.”  This event will honor the contributions of the Garifuna-Americans to the State and City of New York .   

Brooklyn – State Senator Martin J. Golden (R-C-I, Brooklyn) today has issued the following statement in response to the alarming reports of an individual mixing toxic chemicals with animal food which is causing animals to fall ill and perish.

senate Bill S6857

2015-2016 Legislative Session

Limits the undertaking required of tobacco manufacturers and affiliates during appeals of the tobacco master settlement agreement

download bill text pdf

Sponsored By

Archive: Last Bill Status - Stricken


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
You must fill out the form below in order to support or oppose this bill. X

Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 01, 2016 recommit, enacting clause stricken
referred to judiciary

S6857 - Details

Law Section:
Civil Practice Law and Rules
Laws Affected:
Add §5519-a, CPLR

S6857 - Summary

Limits the undertaking required of tobacco manufacturers and affiliates during appeals of the tobacco master settlement agreement to $250,000,000 for all appellants collectively, unless the appellee proves by a preponderance of the evidence that the appellant is dissipating assets outside the course of normal business.

S6857 - Sponsor Memo

S6857 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6857

                            I N  S E N A T E

                              March 1, 2016
                               ___________

Introduced  by  Sen.  DeFRANCISCO -- read twice and ordered printed, and
  when printed to be committed to the Committee on Judiciary

AN ACT to amend the civil practice law and rules,  in  relation  to  the
  undertaking required during the pendency of a stay of enforcement of a
  judgment  against tobacco product master settlement agreement signato-
  ries or their successors or affiliates

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The civil practice law and rules is amended by adding a new
section 5519-a to read as follows:
  S  5519-A.  STAY  OF ENFORCEMENT FOR TOBACCO PRODUCT MASTER SETTLEMENT
AGREEMENT PARTICIPATING  OR  NON-PARTICIPATING  MANUFACTURERS  OR  THEIR
SUCCESSORS OR AFFILIATES. (A) IN CIVIL LITIGATION UNDER ANY LEGAL THEORY
INVOLVING  A  PARTICIPATING MANUFACTURER OR A NON-PARTICIPATING MANUFAC-
TURER, AS THOSE TERMS ARE DEFINED IN THE MASTER SETTLEMENT AGREEMENT, OR
ANY OF THEIR SUCCESSORS OR AFFILIATES, THE UNDERTAKING  REQUIRED  DURING
THE  PENDENCY  OF  ALL APPEALS OR DISCRETIONARY REVIEWS BY ANY APPELLATE
COURTS IN ORDER TO STAY THE EXECUTION OF ANY JUDGMENT OR ORDER  GRANTING
LEGAL,  EQUITABLE  OR OTHER RELIEF DURING THE ENTIRE COURSE OF APPELLATE
REVIEW, INCLUDING REVIEW BY THE UNITED STATES SUPREME  COURT,  SHALL  BE
SET  PURSUANT  TO  THE  APPLICABLE  PROVISIONS  OF  LAW  OR COURT RULES;
PROVIDED, HOWEVER THAT THE TOTAL UNDERTAKING REQUIRED OF ALL  APPELLANTS
COLLECTIVELY SHALL NOT EXCEED TWO HUNDRED FIFTY MILLION DOLLARS, REGARD-
LESS OF THE VALUE OF THE JUDGMENT APPEALED.
  (B) NOTWITHSTANDING THE PROVISIONS OF SUBDIVISION (A) OF THIS SECTION,
UPON  PROOF  BY A PREPONDERANCE OF THE EVIDENCE, BY AN APPELLEE, THAT AN
APPELLANT IS DISSIPATING ASSETS OUTSIDE THE COURSE OF ORDINARY  BUSINESS
TO  AVOID  PAYMENT  OF  A JUDGMENT, A COURT MAY REQUIRE THE APPELLANT TO
POST A BOND IN AN AMOUNT UP TO THE TOTAL AMOUNT OF THE JUDGMENT.
  S 2. This act shall take effect on the thirtieth day  after  it  shall
have  become a law, and shall apply to any cause of action pending on or
filed on or after such effective date.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13945-01-6

senate Bill S6603A

2015-2016 Legislative Session

Relates to licenses to sell at retail for consumption on the premises

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
You must fill out the form below in order to support or oppose this bill. X

Actions

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 09, 2016 referred to economic development
delivered to assembly
passed senate
May 03, 2016 amended on third reading 6603b
Apr 11, 2016 advanced to third reading
Apr 06, 2016 2nd report cal.
Apr 05, 2016 1st report cal.535
Mar 01, 2016 print number 6603a
amend and recommit to investigations and government operations
Jan 29, 2016 referred to investigations and government operations

S6603 - Details

See Assembly Version of this Bill:
A9493
Law Section:
Alcoholic Beverage Control Law
Laws Affected:
Amd §106, ABC L

S6603 - Summary

Relates to licenses to sell at retail for consumption on the premises.

S6603 - Sponsor Memo

S6603 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6603

                            I N  S E N A T E

                            January 29, 2016
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the alcoholic  beverage  control  law,  in  relation  to
  licenses to sell at retail for consumption on the premises

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 106  of  the  alcoholic  beverage  control  law  is
amended by adding a new subdivision 13-a to read as follows:
  13-A.  (A)  NOTWITHSTANDING  THE PROVISIONS OF SUBDIVISION THIRTEEN OF
THIS SECTION THE STATE  LIQUOR  AUTHORITY  MAY  ISSUE  A  LICENSE  UNDER
SECTION  EIGHTY-ONE-A OF THIS CHAPTER TO THE OWNER, LESSOR AND/OR OPERA-
TOR OF PARCEL OR PARCELS DESCRIBED IN THIS PARAGRAPH:
  ALL THAT CERTAIN PLOT, PIECE OR PARCEL OF  LAND,  SITUATE,  LYING  AND
BEING  IN  THE BOROUGH OF MANHATTAN, CITY, COUNTY AND STATE OF NEW YORK,
BOUNDED AND DESCRIBED AS FOLLOWS:
  BEGINNING AT THE CORNER FORMED BY THE  INTERSECTION  OF  THE  EASTERLY
SIDE OF 3RD AVENUE WITH THE SOUTHERLY SIDE OF EAST 87TH STREET;
  RUNNING  THENCE EASTERLY ALONG THE SOUTHERLY SIDE OF EAST 87TH STREET,
125 FEET;
  THENCE SOUTHERLY AND PARALLEL WITH 3RD AVENUE, 100 FEET  8-1/2  INCHES
TO THE CENTER LINE OF THE BLOCK;
  THENCE WESTERLY ALONG SAID CENTER LINE ON THE BLOCK, 25 FEET;
  THENCE SOUTHERLY AND PARALLEL WITH 3RD AVENUE, 22 FEET 8-1/2 INCHES;
  THENCE  WESTERLY  AND  PARALLEL WITH EAST 87TH STREET, 100 FEET TO THE
EASTERLY SIDE OF 3RD AVENUE;
  THENCE NORTHERLY ALONG THE SAID EASTERLY SIDE OF 3RD AVENUE, 123  FEET
5 INCHES TO THE POINT OR PLACE OF BEGINNING.
  (B)  PROVIDED,  HOWEVER,  THAT  THE OWNER, LESSOR AND/OR OPERATOR OF A
LICENSED PREMISES DESCRIBED IN PARAGRAPH  (A)  OF  THIS  SUBDIVISION  IS
PROHIBITED  FROM SELLING ANY ALCOHOLIC BEVERAGES MANUFACTURED OR SOLD AT
WHOLESALE BY ANY BUSINESS THAT IT HAS ANY DIRECT  OR  INDIRECT  INTEREST
IN.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

S6603A - Details

See Assembly Version of this Bill:
A9493
Law Section:
Alcoholic Beverage Control Law
Laws Affected:
Amd §106, ABC L

S6603A - Summary

Relates to licenses to sell at retail for consumption on the premises.

S6603A - Sponsor Memo

S6603A - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6603--A

                            I N  S E N A T E

                            January 29, 2016
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment  Operations  --  committee  discharged,  bill  amended,   ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to  amend  the  alcoholic  beverage control law, in relation to
  licenses to sell at retail for consumption on the premises

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  106  of  the  alcoholic  beverage control law is
amended by adding a new subdivision 13-a to read as follows:
  13-A. (A) NOTWITHSTANDING THE PROVISIONS OF  SUBDIVISION  THIRTEEN  OF
THIS  SECTION  THE  STATE  LIQUOR  AUTHORITY  MAY  ISSUE A LICENSE UNDER
SECTION EIGHTY-ONE-A OF THIS CHAPTER TO THE OWNER, LESSOR AND/OR  OPERA-
TOR OF PARCEL OR PARCELS DESCRIBED IN THIS PARAGRAPH:
  ALL THAT CERTAIN PLOT, PIECE, OR PARCEL OF LAND WITH THE BUILDINGS AND
IMPROVEMENTS  THEREON  ERECTED, SITUATE, LYING, AND BEING IN THE CITY OF
NEW YORK, COUNTY OF KINGS AND STATE OF NEW YORK, AND  MORE  PARTICULARLY
BOUNDED AND DESCRIBED AS FOLLOWS:
  THE  CONDOMINIUM  UNIT  (HEREINAFTER REFERRED TO AS THE "UNIT") IN THE
BUILDING (HEREINAFTER REFERRED TO AS THE "BUILDING") KNOWN AS 210  JORA-
LEMON  STREET  CONDOMINIUM  AND  BY  THE STREET NUMBER 208-230 JORALEMON
STREET A/K/A 45-63 COURT STREET, COUNTY OF KINGS,  STATE  OF  NEW  YORK,
SAID UNIT BEING DESIGNATED AND DESCRIBED AS RETAIL UNIT (RU) IN A DECLA-
RATION  DATED  4/18/1.2  MADE  BY  THE  CITY  OF NEW YORK, ACTING BY AND
THROUGH ITS DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES, PURSUANT  TO
ARTICLE  9-B  OF THE REAL PROPERTY LAW OF THE STATE OF NEW YORK (HEREIN-
AFTER REFERRED TO AS THE "CONDOMINIUM  ACT")  ESTABLISHING  A  PLAN  FOR
CONDOMINIUM OWNERSHIP OF THE BUILDING AND THE LAND (HEREINAFTER REFERRED
TO AS THE "LAND") UPON WHICH THE BUILDING IS SITUATE (WHICH LAND IS MORE
PARTICULARLY DESCRIBED IN EXHIBIT A ANNEXED HERETO AND BY THIS REFERENCE
MADE A PART HEREOF), WHICH DECLARATION WAS RECORDED IN THE OFFICE OF THE
CITY  REGISTER  OF THE CITY OF NEW YORK, COUNTY OF KINGS, ON 4/24/12, AS
CRFN 2012000163630, AS AMENDED BY FIRST AMENDMENT TO  DECLARATION  DATED
7/9/13 AND RECORDED 8/14/13 AS CRFN 2013000321931 (WHICH DECLARATION AND

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

S6603B - Details

See Assembly Version of this Bill:
A9493
Law Section:
Alcoholic Beverage Control Law
Laws Affected:
Amd §106, ABC L

S6603B - Summary

Relates to licenses to sell at retail for consumption on the premises.

S6603B - Sponsor Memo

S6603B - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6603--B
    Cal. No. 535

                            I N  S E N A T E

                            January 29, 2016
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment  Operations  --  committee  discharged,  bill  amended,   ordered
  reprinted  as  amended  and  recommitted to said committee -- reported
  favorably from said committee, ordered to  first  and  second  report,
  ordered  to  a third reading, amended and ordered reprinted, retaining
  its place in the order of third reading

AN ACT to amend the alcoholic  beverage  control  law,  in  relation  to
  licenses to sell at retail for consumption on the premises

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 106  of  the  alcoholic  beverage  control  law  is
amended by adding a new subdivision 13-a to read as follows:
  13-A.  (A)  NOTWITHSTANDING  THE PROVISIONS OF SUBDIVISION THIRTEEN OF
THIS SECTION THE STATE  LIQUOR  AUTHORITY  MAY  ISSUE  A  LICENSE  UNDER
SECTION  EIGHTY-ONE-A OF THIS CHAPTER TO THE OWNER, LESSOR AND/OR OPERA-
TOR OF PARCEL OR PARCELS DESCRIBED IN THIS PARAGRAPH:
  ALL THAT CERTAIN PLOT, PIECE, OR PARCEL OF LAND WITH THE BUILDINGS AND
IMPROVEMENTS THEREON ERECTED, SITUATE, LYING, AND BEING IN THE  CITY  OF
NEW  YORK,  COUNTY OF KINGS AND STATE OF NEW YORK, AND MORE PARTICULARLY
BOUNDED AND DESCRIBED AS FOLLOWS:
  THE CONDOMINIUM UNIT (HEREINAFTER REFERRED TO AS THE  "UNIT")  IN  THE
BUILDING  (HEREINAFTER REFERRED TO AS THE "BUILDING") KNOWN AS 210 JORA-
LEMON STREET CONDOMINIUM AND BY  THE  STREET  NUMBER  208-230  JORALEMON
STREET  A/K/A  45-63  COURT  STREET, COUNTY OF KINGS, STATE OF NEW YORK,
SAID UNIT BEING DESIGNATED AND DESCRIBED AS RETAIL UNIT (RU) IN A DECLA-
RATION DATED 4/18/1.2 MADE BY THE  CITY  OF  NEW  YORK,  ACTING  BY  AND
THROUGH  ITS DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES, PURSUANT TO
ARTICLE 9-B OF THE REAL PROPERTY LAW OF THE STATE OF NEW  YORK  (HEREIN-
AFTER  REFERRED  TO  AS  THE  "CONDOMINIUM ACT") ESTABLISHING A PLAN FOR
CONDOMINIUM OWNERSHIP OF THE BUILDING AND THE LAND (HEREINAFTER REFERRED
TO AS THE "LAND") UPON WHICH THE BUILDING IS SITUATE (WHICH LAND IS MORE
PARTICULARLY DESCRIBED IN EXHIBIT A ANNEXED HERETO AND BY THIS REFERENCE
MADE A PART HEREOF), WHICH DECLARATION WAS RECORDED IN THE OFFICE OF THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

assembly Bill A9358A

Signed By Governor
2015-2016 Legislative Session

Relates to the sale of municipal obligations by the county of Erie

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S6788 - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor
You must fill out the form below in order to support or oppose this bill. X

Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 30, 2016 signed chap.85
Jun 28, 2016 delivered to governor
May 24, 2016 returned to senate
passed assembly
home rule request
ordered to third reading cal.697
substituted for a9358a
May 24, 2016 substituted by s6788
May 19, 2016 advanced to third reading cal.697
May 17, 2016 reported
May 10, 2016 reported referred to ways and means
Mar 01, 2016 print number 9358a
amend and recommit to local governments
Feb 25, 2016 referred to local governments

Co-Sponsors

Multi-Sponsors

A9358 - Details

See Senate Version of this Bill:
S6788
Law Section:
Local Finance Law
Laws Affected:
Amd §54.50, Loc Fin L
Versions Introduced in 2015-2016 Legislative Session:
S6788

A9358 - Summary

Extends provisions of law relating to the sale of municipal notes and bonds of the county of Erie.

A9358 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9358

                          I N  A S S E M B L Y

                            February 25, 2016
                               ___________

Introduced  by  M.  of  A. SCHIMMINGER, PEOPLES-STOKES, CERETTO, KEARNS,
  CORWIN -- Multi-Sponsored by -- M. of A. DiPIETRO  --  read  once  and
  referred to the Committee on Local Governments

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. Section 54.50 of the local finance law, as amended by chap-
ter 43 of the laws of 2015, is amended to read as follows:
  S 54.50 Costs of sales; county of Erie. 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 [sixteen] SEVENTEEN such county 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, compensation for such underwriting  to  be
provided  by  negotiated  fee  or  by  sale of such bonds or notes to an
underwriter at a price 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 negoti-
ated 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
[chapter] ARTICLE.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14115-01-6

Co-Sponsors

Multi-Sponsors

A9358A - Details

See Senate Version of this Bill:
S6788
Law Section:
Local Finance Law
Laws Affected:
Amd §54.50, Loc Fin L
Versions Introduced in 2015-2016 Legislative Session:
S6788

A9358A - Summary

Extends provisions of law relating to the sale of municipal notes and bonds of the county of Erie.

A9358A - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 9358--A

                          I N  A S S E M B L Y

                            February 25, 2016
                               ___________

Introduced  by  M.  of  A. SCHIMMINGER, PEOPLES-STOKES, CERETTO, KEARNS,
  CORWIN -- Multi-Sponsored by -- M. of A. DiPIETRO  --  read  once  and
  referred  to  the Committee on Local Governments -- recommitted to the
  Committee on Local Governments in accordance  with  Assembly  Rule  3,
  sec.  2  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

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. Section 54.50 of the local finance law, as amended by chap-
ter 43 of the laws of 2015, is amended to read as follows:
  S 54.50 Costs of sales; county of Erie. 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 [sixteen] SEVENTEEN such county 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, compensation for such underwriting to be
provided by negotiated fee or by sale of  such  bonds  or  notes  to  an
underwriter  at  a  price  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  negoti-
ated 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
chapter.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14115-02-6