Bill Text: NY A11725 | 2009-2010 | General Assembly | Introduced

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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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-11-24 - referred to local governments [A11725 Detail]

Download: New_York-2009-A11725-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         11725
                                 I N  A S S E M B L Y
                                   November 24, 2010
                                      ___________
       Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Pretlow) --
         read once and referred to the Committee on Local Governments
       AN ACT to authorize the county of Westchester 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. The county of Westchester is  hereby  authorized  to  issue
    2  serial  bonds  in  an aggregate principal amount to be determined by the
    3  Westchester county board  of  legislators,  for  a  period  of  probable
    4  usefulness  not  to exceed five years, which shall apply to the specific
    5  object or purpose of payment, by the county of Westchester, of all costs
    6  associated with or related to the 2010 Early  Retirement  Incentive.  In
    7  anticipation  of the issuance and sale of such serial bonds, bond antic-
    8  ipation notes are 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.
                                                                  LBD18285-01-0