STATE OF NEW YORK
________________________________________________________________________
6006
2019-2020 Regular Sessions
IN ASSEMBLY
February 26, 2019
___________
Introduced by M. of A. PALUMBO, DeSTEFANO -- read once and referred to
the Committee on Local Governments
AN ACT to amend chapter 699 of the laws of 1947, relating to authorizing
the creation of Fishers Island ferry district in the town of Southold,
Suffolk County, in relation to authorizing an increase in principal of
bonds issued for the acquisition, construction, equipment and opera-
tion of a public ferry for hire from Fishers Island across waters of
Long Island Sound, subject to referendum
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 4 of chapter 699 of the laws of 1947 relating to
2 authorizing the creation of Fishers Island ferry district in the town of
3 Southold, Suffolk County, as amended by chapter 467 of the laws of 1993,
4 is amended to read as follows:
5 § 4. The cost of acquisition, construction and equipment of the ferry,
6 including lands and rights or easements in lands, shall be paid from
7 taxes levied for the fiscal year in which such expenditure is made; from
8 surplus funds, or from the proceeds of town obligations to be issued and
9 sold in the manner provided by the local finance law. The town board of
10 the town of Southold may borrow the amount needed for such purposes and
11 issue town obligations therefor in an aggregate principal amount not
12 exceeding five hundred thousand dollars. Upon the adoption of a resol-
13 ution by the town board, subject to a permissive referendum by the
14 owners of taxable real property situate within the ferry district as
15 shown by the latest completed assessment roll of said town, such aggre-
16 gate principal amount which the town board may borrow and for which
17 obligations may be issued may be increased to any amount up to but not
18 exceeding the sum of [five] twenty million dollars; provided however,
19 the bond resolution authorizing the issuance of such obligations shall
20 be subject to permissive referendum, or such resolution may be submitted
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08465-01-9
A. 6006 2
1 to a referendum by the town board on its own motion, in the manner
2 prescribed in article 7 of the town law.
3 § 2. This act shall take effect immediately and shall apply to fiscal
4 years beginning on and after January 1, 2021.
