New York State Assembly

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A09122 Summary:

BILL NO	A09122
SAME AS	SAME AS S06817
SPONSOR	Abinanti
COSPNSR
MLTSPNSR
Amd S23.00, Loc Fin L
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.

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A09122 Actions:

BILL NO	A09122
03/19/2014	referred to local governments

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A09122 Floor Votes:

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A09122 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9122
 
                   IN ASSEMBLY
 
                                     March 19, 2014
                                       ___________
 
        Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
          tee on Local Governments
 
        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    § 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

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