-  This bill is not active in this session.
 

A03598 Summary:

BILL NOA03598
 
SAME ASSAME AS S00400
 
SPONSORPretlow
 
COSPNSR
 
MLTSPNSR
 
Amd §54.40, Loc Fin L
 
Extends certain provisions relating to bonds and notes of the city of Yonkers.
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A03598 Actions:

BILL NOA03598
 
02/03/2023referred to cities
04/25/2023reported referred to ways and means
05/16/2023reported referred to rules
05/17/2023reported
05/17/2023rules report cal.146
05/17/2023substituted by s400
 S00400 AMEND= STEWART-COUSINS
 01/04/2023REFERRED TO CITIES 2
 03/28/20231ST REPORT CAL.573
 03/29/20232ND REPORT CAL.
 03/30/2023ADVANCED TO THIRD READING
 04/17/2023HOME RULE REQUEST
 04/17/2023PASSED SENATE
 04/17/2023DELIVERED TO ASSEMBLY
 04/17/2023referred to cities
 05/17/2023substituted for a3598
 05/17/2023ordered to third reading rules cal.146
 05/17/2023home rule request
 05/17/2023passed assembly
 05/17/2023returned to senate
 06/26/2023DELIVERED TO GOVERNOR
 06/30/2023SIGNED CHAP.168
 01/04/2023REFERRED TO CITIES 2
 03/28/20231ST REPORT CAL.573
 03/29/20232ND REPORT CAL.
 03/30/2023ADVANCED TO THIRD READING
 04/17/2023HOME RULE REQUEST
 04/17/2023PASSED SENATE
 04/17/2023DELIVERED TO ASSEMBLY
 04/17/2023referred to cities
 05/17/2023substituted for a3598
 05/17/2023ordered to third reading rules cal.146
 05/17/2023home rule request
 05/17/2023passed assembly
 05/17/2023returned to senate
 06/26/2023DELIVERED TO GOVERNOR
 06/30/2023SIGNED CHAP.168
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A03598 Committee Votes:

CITIES Chair:Braunstein DATE:04/25/2023AYE/NAY:15/0 Action: Favorable refer to committee Ways and Means
BraunsteinAyeReillyAye
CarrollAyeTannousisAye
TaylorAyeBeephanAye
JacobsonAyeBrook-KrasnyAye
SayeghAyeNovakhovAye
EichensteinAye
FallAbsent
Gonzalez-RojasAye
MamdaniAye
JacksonAye
MeeksAye

WAYS AND MEANS Chair:Weinstein DATE:05/16/2023AYE/NAY:27/7 Action: Favorable refer to committee Rules
WeinsteinAyeRaAye
GlickAyeFitzpatrickNay
PretlowAyeHawleyNay
ColtonAyeBlankenbushNay
CookAyeNorrisNay
AubryAyeBrabenecNay
BenedettoAyePalmesanoAye
WeprinAyeWalshAye
RamosAyeDeStefanoNay
BraunsteinAyeManktelowAye
McDonaldAyeSmullenNay
RozicAye
DinowitzAye
JoynerAye
MagnarelliAye
ZebrowskiAye
BronsonAye
DilanAye
SeawrightAye
HyndmanAye
WalkerExcused
Bichotte HermelAye
SimonAye
CruzAye

RULES Chair:Pretlow DATE:05/17/2023AYE/NAY:28/1 Action: Favorable
HeastieExcusedBarclayAye
WeinsteinAyeHawleyAye
PretlowAyeGiglioAye
CookAyeBlankenbushAye
GlickAyeNorrisNay
AubryAyeRaAye
DinowitzAyeBrabenecAye
ColtonAyePalmesanoAye
MagnarelliAyeReillyAye
PaulinAye
Peoples-StokesAye
BenedettoAye
LavineAye
LupardoAye
ZebrowskiAye
ThieleAye
BraunsteinAye
DickensExcused
DavilaAye
HyndmanAye
RozicAye
BronsonAye

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A03598 Floor Votes:

There are no votes for this bill in this legislative session.
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A03598 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3598
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 3, 2023
                                       ___________
 
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Cities
 
        AN ACT to amend the local finance law, in relation to bonds and notes of
          the city of Yonkers
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Section 54.40 of the local finance law, as amended by chap-
     2  ter 332 of the laws of 2022, is amended to read as follows:
     3    §  54.40  Bonds  and  notes  of  the  city  of Yonkers. Subject to the
     4  provisions of the New York state financial  emergency  act  of  nineteen
     5  hundred eighty-four for the city of Yonkers, to facilitate the marketing
     6  of  any  issue of serial bonds or notes of the city of Yonkers issued on
     7  or before June thirtieth, two thousand [twenty-three] twenty-four,  such
     8  city  may,  notwithstanding  any  limitations  on private sales of bonds
     9  provided by law, and subject to approval by the state comptroller of the
    10  terms and conditions of such sale: (a) arrange for the  underwriting  of
    11  its bonds or notes at private sale through negotiated agreement, compen-
    12  sation for such underwriting to be provided by negotiated fee or by sale
    13  of such bonds or notes to an underwriter at a price of less than the sum
    14  of  par  value of, and the accrued interest on, such obligations; or (b)
    15  arrange for the private sale of its bonds or  notes  through  negotiated
    16  agreement, compensation for such sales to be provided by negotiated fee,
    17  if required. The cost of such underwriting or private placement shall be
    18  deemed a preliminary cost for purposes of section 11.00 of this article.
    19    § 2. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02529-01-3
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