Bill Text: NY S09348 | 2023-2024 | General Assembly | Amended

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Bill Title: Provides that for the purposes of the electronic open auction public bond sale pilot program, the term "municipality" shall mean a county or a city or town with a population of one hundred thousand or more.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-06-05 - SUBSTITUTED BY A10173A [S09348 Detail]

Download: New_York-2023-S09348-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         9348--A

                    IN SENATE

                                      May 13, 2024
                                       ___________

        Introduced  by Sen. MARTINEZ -- read twice and ordered printed, and when
          printed to be committed  to  the  Committee  on  Local  Government  --
          reported  favorably from said committee and committed to the Committee
          on Finance -- 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  electronic
          open auction public bond sale pilot program

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 1 of paragraph a of section 58.10 of the  local
     2  finance law, as amended by section 1 of subpart BB of part XX of chapter
     3  55 of the laws of 2020, is amended to read as follows:
     4    1.  "Municipality"  means  a county [with a population of four hundred
     5  thousand or more], or a city or town with a population  of  one  hundred
     6  thousand or more that has issued at least twenty-five million dollars in
     7  bonds within at least one of the preceding [three] five years.
     8    §  2.  This act shall take effect immediately; provided, however, that
     9  the amendments to subdivision 1 of paragraph a of section 58.10  of  the
    10  local  finance  law made by section one of this act shall not affect the
    11  repeal of such section and shall be deemed repealed therewith.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15324-03-4