A03837 Summary:

BILL NOA03837
 
SAME ASSAME AS S04162
 
SPONSORJohns
 
COSPNSRCorwin, Tenney
 
MLTSPNSRLawrence
 
Amd S41.10, Loc Fin L
 
Relates to contents of notice of meeting or election where special tax or tax to be collected in installments is to be voted on.
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A03837 Actions:

BILL NOA03837
 
01/27/2015referred to local governments
06/02/2015held for consideration in local governments
01/06/2016referred to local governments
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A03837 Committee Votes:

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A03837 Floor Votes:

There are no votes for this bill in this legislative session.
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A03837 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3837
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 27, 2015
                                       ___________
 
        Introduced  by M. of A. JOHNS -- read once and referred to the Committee
          on Local Governments
 
        AN ACT to amend the local finance law, in relation to contents of notice
          of meeting or election where special tax or tax  to  be  collected  in
          installments is to be voted on
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 41.10 of the local finance law, as added by chapter
     2  582 of the laws of 1951, is amended to read as follows:
     3    § 41.10 Contents of notice of meeting or election where special tax or
     4  tax to be collected in installments is to be voted.  Where the voting of
     5  a special tax or a tax to be collected in installments  is  a  condition
     6  precedent  to  the  adoption of a bond resolution or capital note resol-
     7  ution and the bonds or capital notes are  to  be  issued  to  finance  a
     8  specific object or purpose, the notice of the meeting or the election at
     9  which  such  tax  is voted must state the estimated maximum cost of each
    10  item of such specific object or purpose and the estimated total cost  of
    11  all  of  the  items,  where the estimated total cost of all of the items
    12  includes, and lists, the estimated total interest costs associated  with
    13  the  bond resolution or capital note resolution; provided, however, with
    14  regard to school districts, the cost of providing  such  total  interest
    15  costs shall be minimized to the greatest extent practicable.
    16    § 2. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07231-01-5
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