Bill Text: NY A10173 | 2023-2024 | General Assembly | Introduced

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

---

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 2-0)

Status: (Engrossed) 2024-06-05 - RETURNED TO ASSEMBLY [A10173 Detail]

Download: New_York-2023-A10173-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          10173

                   IN ASSEMBLY

                                      May 10, 2024
                                       ___________

        Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Thiele) --
          read once and referred to the Committee on Local Governments

        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
     7  in bonds within at least one of the preceding three 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    11  repeal of such section and shall be deemed repealed therewith.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.
                                                                   LBD15324-01-4