S07017 Summary:
BILL NO | S07017 |
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SAME AS | SAME AS A09351 |
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SPONSOR | GRIFFO |
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COSPNSR | |
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MLTSPNSR | |
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Makes certain findings and determinations with respect to certain bond anticipation notes issued by the town of Clifton, in the county of St. Lawrence, validates and legalizes the same, and authorizes the issuance of obligations of such town with respect thereto. |
S07017 Actions:
BILL NO | S07017 | |||||||||||||||||||||||||||||||||||||||||||||||||
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04/14/2014 | REFERRED TO LOCAL GOVERNMENT | |||||||||||||||||||||||||||||||||||||||||||||||||
05/13/2014 | 1ST REPORT CAL.746 | |||||||||||||||||||||||||||||||||||||||||||||||||
05/14/2014 | 2ND REPORT CAL. | |||||||||||||||||||||||||||||||||||||||||||||||||
05/19/2014 | ADVANCED TO THIRD READING | |||||||||||||||||||||||||||||||||||||||||||||||||
05/28/2014 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
05/28/2014 | DELIVERED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
05/28/2014 | referred to local governments | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2014 | substituted for a9351 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2014 | ordered to third reading rules cal.473 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2014 | home rule request | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2014 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2014 | returned to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
07/11/2014 | DELIVERED TO GOVERNOR | |||||||||||||||||||||||||||||||||||||||||||||||||
07/22/2014 | SIGNED CHAP.167 |
S07017 Floor Votes:
Yes
Abbate
Yes
Curran
Yes
Hawley
Yes
Markey
Yes
Quart
Yes
Steck
Yes
Abinanti
Yes
Cusick
Yes
Heastie
Yes
Mayer
Yes
Ra
Yes
Stirpe
Yes
Arroyo
Yes
Cymbrowitz
No
Hennessey
Yes
McDonald
Yes
Raia
Yes
Sweeney
Yes
Aubry
Yes
Davila
Yes
Hevesi
Yes
McDonough
Yes
Ramos
Yes
Tedisco
Yes
Barclay
Yes
DenDekker
Yes
Hikind
Yes
McKevitt
Yes
Rivera
Yes
Tenney
Yes
Barrett
Yes
Dinowitz
Yes
Hooper
Yes
McLaughlin
Yes
Roberts
Yes
Thiele
Yes
Benedetto
No
DiPietro
Yes
Jacobs
Yes
Miller
Yes
Robinson
Yes
Titone
Yes
Blankenbush
Yes
Duprey
Yes
Jaffee
Yes
Millman
Yes
Rodriguez
Yes
Titus
No
Borelli
Yes
Englebright
Yes
Johns
Yes
Montesano
Yes
Rosa
Yes
Walter
Yes
Braunstein
Yes
Fahy
Yes
Katz
Yes
Morelle
Yes
Rosenthal
Yes
Weinstein
Yes
Brennan
Yes
Farrell
Yes
Kavanagh
Yes
Mosley
Yes
Rozic
Yes
Weisenberg
Yes
Brindisi
Yes
Finch
Yes
Kearns
Yes
Moya
Yes
Russell
Yes
Weprin
Yes
Bronson
Yes
Fitzpatrick
AB
Kellner
Yes
Nojay
Yes
Ryan
Yes
Wright
Yes
Brook-Krasny
Yes
Friend
Yes
Kim
Yes
Nolan
Yes
Saladino
Yes
Zebrowski
Yes
Buchwald
Yes
Galef
Yes
Kolb
Yes
Oaks
Yes
Santabarbara
Yes
Mr. Speaker
Yes
Butler
Yes
Gantt
Yes
Lalor
Yes
O'Donnell
Yes
Scarborough
Yes
Cahill
No
Garbarino
Yes
Lavine
Yes
Ortiz
Yes
Schimel
ER
Camara
Yes
Giglio
Yes
Lentol
Yes
Otis
Yes
Schimminger
Yes
Ceretto
Yes
Gjonaj
Yes
Lifton
Yes
Palmesano
Yes
Sepulveda
Yes
Clark
Yes
Glick
Yes
Lopez
No
Palumbo
Yes
Simanowitz
Yes
Colton
Yes
Goldfeder
Yes
Lupardo
Yes
Paulin
Yes
Simotas
Yes
Cook
Yes
Goodell
No
Lupinacci
Yes
Peoples-Stokes
Yes
Skartados
Yes
Corwin
Yes
Gottfried
Yes
Magee
Yes
Perry
Yes
Skoufis
Yes
Crespo
Yes
Graf
Yes
Magnarelli
Yes
Pichardo
Yes
Solages
Yes
Crouch
Yes
Gunther
Yes
Malliotakis
Yes
Pretlow
Yes
Stec
‡ Indicates voting via videoconference
S07017 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 7017 IN SENATE April 14, 2014 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT making certain findings and determinations with respect to certain bond anticipation notes issued by the town of Clifton, in the county of St. Lawrence, validating and legalizing the same, and authorizing the issuance of obligations of such town with respect thereto The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Legislative findings. It is hereby found and determined 2 that the town of Clifton, in the county of St. Lawrence, New York: 3 (a) undertook the following described actions: (i) duly adopted a bond 4 resolution on October 12, 2011, which was subsequently amended on March 5 20, 2013, June 12, 2013 and July 24, 2013, authorizing the issuance of 6 $4,314,000.00 serial bonds for the establishment of a sewer district and 7 wastewater treatment plant improvements for such district; (ii) issued a 8 bond anticipation note on March 22, 2012 in the amount of $150,000.00 9 maturing one year from the date of issuance; (iii) issued a bond antic- 10 ipation renewal note on March 21, 2013 for an additional year; (iv) 11 refinanced the $150,000 bond anticipation note with the partial proceeds 12 of a $667,000 New York State Environmental Facilities Corporation (EFC) 13 Clean Water State Revolving Fund (CWSRF) financing which closed on 14 September 26, 2013; and (v) pursuant to such CWSRF financing, issued a 15 $667,000 bond anticipation note to EFC dated September 26, 2013 and 16 disbursed $235,556.81 in CWSRF financing proceeds pursuant to the EFC 17 bond anticipation note prior to February 25, 2014. 18 (b) failed to obtain the permission of the state comptroller pursuant 19 to paragraph 3 of section 104.10 of the local finance law prior to the 20 issuance of: (i) the $150,000 bond anticipation note on March 22, 2012; 21 (ii) the $150,000 bond anticipation renewal note on March 21, 2013; and 22 (iii) the $667,000 EFC bond anticipation note on September 26, 2013. 23 (c) failed to make a principal payment on the $150,000 bond antic- 24 ipation renewal note on March 20, 2014 as required by subdivision b of EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14490-04-4S. 7017 2 1 section 23.00 of the local finance law but rather made the payment late 2 on March 26, 2014. 3 § 2. Notwithstanding the defects described in section one of this act, 4 the bond anticipation notes issued by the town and EFC in anticipation 5 of the bonds authorized pursuant to each of the bond resolutions identi- 6 fied in section one of this act, and all disbursements made in 7 connection with the aforesaid bond anticipation notes, or resolutions, 8 acts and proceedings adopted or taken by the board in relation thereto, 9 are hereby validated, ratified and confirmed and the late principal 10 payment made is forgiven. The town is hereby authorized to issue bonds 11 or bond anticipation renewal notes to continue financing the objects and 12 purposes authorized pursuant to the aforesaid bond resolutions over the 13 period of probable usefulness thereof as set forth in section 11.00 of 14 the local finance law. 15 § 3. Except as otherwise provided in this act, any obligations issued 16 pursuant to this act shall be issued in accordance with the provisions 17 of the local finance law. 18 § 4. If any clause, sentence, subdivision, paragraph, section or part 19 of this act be adjudged by any court of competent jurisdiction to be 20 invalid, such judgment shall not affect, impair or invalidate the 21 remainder thereof, but shall be confined in its operation to the clause, 22 sentence, subdivision, paragraph, section or part thereof directly 23 involved in the controversy in which such judgment shall have been 24 rendered. 25 § 5. This act shall take effect immediately.