Bill Text: NY A09122 | 2013-2014 | General Assembly | Introduced

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Bill Title: Provides that bond anticipation notes issued during calendar years 2010 and 2011 may not extend more than 7 years beyond original date of issuance of such bond notes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-03-19 - referred to local governments [A09122 Detail]

Download: New_York-2013-A09122-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         9122
                                 I N  A S S E M B L Y
                                    March 19, 2014
                                      ___________
       Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
         tee on Local Governments
       AN  ACT to amend the local finance law, in relation to bond anticipation
         notes issued during the calendar years 2010 and 2011
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subparagraph 2 of paragraph b of section 23.00 of the local
    2  finance  law,  as amended by chapter 264 of the laws of 2012, is amended
    3  to read as follows:
    4    2. renewals of bond anticipation notes issued originally during calen-
    5  dar year two thousand [seven] TEN or two thousand [eight] ELEVEN may not
    6  extend more than seven years beyond the original date of issue  of  such
    7  bond anticipation notes.
    8    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14031-01-4