Bill Text: NY A03403 | 2011-2012 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Authorizes the county of Westchester to issue serial bonds to finance certain payments over a period of five years for any costs associated with or related to the 2010 Early Retirement Incentive.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2011-06-23 - substituted by s2374 [A03403 Detail]

Download: New_York-2011-A03403-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        3403--A
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 25, 2011
                                      ___________
       Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
         tee on  Local  Governments  --  committee  discharged,  bill  amended,
         ordered reprinted as amended and recommitted to said committee
       AN  ACT  to  authorize  a  municipality to issue serial bonds to finance
         certain payments over a period of five years
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  All  municipalities are hereby authorized to issue serial
    2  bonds in an aggregate principal amount to be  determined  by  the  local
    3  governing body of such municipality, for a period of probable usefulness
    4  not  to  exceed  five years, which shall apply to the specific object or
    5  purpose of payment, of such municipality, of all costs  associated  with
    6  or  related  to  the 2010 Early Retirement Incentive. In anticipation of
    7  the issuance and sale of such serial bonds, bond anticipation notes  are
    8  hereby authorized to be issued.
    9    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07545-05-1