Bill Text: NY S06817 | 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 2-0)

Status: (Engrossed - Dead) 2014-05-19 - referred to local governments [S06817 Detail]

Download: New_York-2013-S06817-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6817
                                   I N  S E N A T E
                                    March 13, 2014
                                      ___________
       Introduced  by  Sen.  STEWART-COUSINS -- 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 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