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