New York State Assembly

 
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A06389 Summary:

A06389 Actions:

A06389 Committee Votes:

Committee:CITIES   Chair:Benedetto      
DATE:04/25/2017AYE/NAY:13/0  Action: Favorable refer to committee Ways and Means        Correction Date:05/10/2017
Benedetto
Aye
Castorina
Aye
Crespo
Aye
Goodell
Aye
Weprin
Abstained
Brabenec
Absent
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:05/02/2017AYE/NAY:33/0  Action: Favorable         
Farrell
Aye
Oaks
Aye
Lentol
Aye
Crouch
Aye
Schimminger
Aye
Barclay
Aye
Gantt
Excused
Fitzpatrick
Aye
Weinstein
Aye
Hawley
Aye
Glick
Aye
Malliotakis
Aye
Nolan
Aye
Walter
Aye
Pretlow
Aye
Montesano
Aye
Perry
Aye
Curran
Aye
Colton
Aye
Ra
Aye
Cook
Aye
Cahill
Aye
Aubry
Aye
Hooper
Aye
Thiele
Aye
Cusick
Aye
Ortiz
Aye
Benedetto
Aye
Moya
Aye
Weprin
Abstained
Rodriguez
Aye
Ramos
Aye
Braunstein
Aye
McDonald
Aye
Rozic
Aye

A06389 Floor Votes:

A06389 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6389
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                      March 6, 2017
                                       ___________
 
        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 45 of the laws of 2016, 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 [seventeen] eighteen,  such  city
     8  may,  notwithstanding any limitations on private sales of bonds provided
     9  by law, and subject to approval by the state comptroller  of  the  terms
    10  and  conditions  of  such  sale: (a) arrange for the underwriting of its
    11  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.
                                                                   LBD02776-02-7