Bill Text: NY S05230 | 2013-2014 | General Assembly | Introduced

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

---

Bill Title: Provides that bond anticipation notes by the town of Ulster, Ulster county issued during calendar years 2009 and 2010 may not extend more than seven years beyond the original date of issuance of such bond notes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2013-09-27 - SIGNED CHAP.373 [S05230 Detail]

Download: New_York-2013-S05230-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5230
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                     May 14, 2013
                                      ___________
       Introduced  by  Sen. TKACZYK -- read twice and ordered printed, and when
         printed to be committed to the Committee on Local Government
       AN ACT to amend the local finance law, in relation to bond  anticipation
         notes  issued  during  the calendar years 2009 and 2010 by the town of
         Ulster, Ulster County
         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 BY THE TOWN OF  ULSTER,  ULSTER
    5  COUNTY  issued originally during calendar year two thousand [seven] NINE
    6  or two thousand [eight] TEN may not extend more than seven years  beyond
    7  the original date of issue of such 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.
                                                                  LBD09847-02-3