New York State Assembly

 
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A04887 Summary:

A04887 Actions:

A04887 Committee Votes:

Committee:CITIES   Chair:Benedetto      
DATE:05/23/2017AYE/NAY:14/0  Action: Favorable refer to committee Ways and Means        
Benedetto
Aye
Castorina
Aye
Crespo
Aye
Goodell
Aye
Weprin
Abstained
Brabenec
Aye
Braunstein
Aye
Norris
Aye
Kearns
Aye
Mayer
Aye
McDonald
Aye
Pichardo
Aye
Dilan
Aye
Carroll
Aye
Wright
Aye

Committee:WAYS AND MEANS   Chair:Farrell      
DATE:06/05/2017AYE/NAY:31/0  Action: Favorable refer to committee Rules        
Farrell
Aye
Oaks
Aye
Lentol
Aye
Crouch
Aye
Schimminger
Aye
Barclay
Aye
Gantt
Aye
Fitzpatrick
Aye
Weinstein
Aye
Hawley
Aye
Glick
Aye
Malliotakis
Aye
Nolan
Aye
Walter
Aye
Pretlow
Aye
Montesano
Aye
Perry
Aye
Curran
Aye
Colton
Excused
Ra
Aye
Cook
Aye
Cahill
Aye
Aubry
Aye
Hooper
Aye
Thiele
Aye
Cusick
Aye
Ortiz
Aye
Benedetto
Aye
Moya
Excused
Weprin
Abstained
Rodriguez
Excused
Ramos
Aye
Braunstein
Aye
McDonald
Aye
Rozic
Aye

Committee:RULES   Chair:Heastie      
DATE:06/07/2017AYE/NAY:28/0  Action: Favorable         
Heastie
Aye
Kolb
Excused
Gottfried
Aye
Oaks
Aye
Lentol
Aye
Butler
Aye
Farrell
Aye
Crouch
Aye
Gantt
Aye
Finch
Aye
Nolan
Aye
Barclay
Aye
Weinstein
Aye
Raia
Aye
Hooper
Excused
Hawley
Aye
Ortiz
Aye
Pretlow
Aye
Cook
Aye
Glick
Aye
Morelle
Aye
Aubry
Aye
Englebright
Aye
Dinowitz
Aye
Colton
Aye
Magnarelli
Excused
Perry
Aye
Galef
Aye
Paulin
Aye
Titus
Aye
Peoples-Stokes
Aye

A04887 Floor Votes:

A04887 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4887
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 6, 2017
                                       ___________
 
        Introduced  by M. of A. SCHIMMINGER, PEOPLES-STOKES, KEARNS -- read once
          and referred to the Committee on Cities
 
        AN ACT to amend the local finance law, in relation to the sale of  bonds
          and notes of the city of Buffalo
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 54.30 of the local finance law, as amended by chap-
     2  ter 86 of the laws of 2016, is amended to read as follows:
     3    § 54.30 Costs of sales; bonds  and  notes  of  the  city  of  Buffalo.
     4  Subject  to the provisions of chapter one hundred twenty-two of the laws
     5  of two thousand three creating the Buffalo fiscal  stability  authority,
     6  to facilitate the marketing of any issue of serial bonds or notes of the
     7  city of Buffalo issued on or before June thirtieth, two thousand [seven-
     8  teen]  eighteen,  such  city  may,  notwithstanding  any  limitations on
     9  private sales of bonds provided by law, and subject to approval  by  the
    10  state  comptroller of the terms and conditions of such sale: (a) arrange
    11  for the underwriting of its bonds or notes at private sale through nego-
    12  tiated agreement, compensation for such underwriting to be  provided  by
    13  negotiated  fee or by sale of such bonds or notes to an underwriter at a
    14  price of less than the sum of par value of, and the accrued interest on,
    15  such obligations; or (b) arrange for the private sale of  its  bonds  or
    16  notes  through  negotiated  agreement, compensation for such sales to be
    17  provided by negotiated fee, if required. The cost of  such  underwriting
    18  or  private placement shall be deemed a preliminary cost for purposes of
    19  section 11.00 of this article.
    20    § 2. This act shall take effect immediately.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08634-01-7