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A07721 Summary:

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A07721 Floor Votes:

A07721 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7721
 
                               2009-2010 Regular Sessions
 
                   IN ASSEMBLY
 
                                     April 22, 2009
                                       ___________
 
        Introduced by M. of A. GIGLIO -- read once and referred to the Committee
          on Cities
 
        AN ACT to amend chapter 331 of the laws of 2007, authorizing the city of
          Olean,  in  the county of Cattaraugus, to finance a certain deficit by
          the issuance of bonds, in relation to extending the time period during
          which such bonds may be issued
 

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Section 1 of chapter 331 of the laws of 2007, authorizing
     2  the city of Olean, in the county of Cattaraugus, to  finance  a  certain
     3  deficit  by the issuance of bonds, as amended by chapter 127 of the laws
     4  of 2008, is amended to read as follows:
     5    Section 1. The city of Olean, in the county of Cattaraugus, is  hereby
     6  authorized  to issue serial bonds on or before October 1, [2009] 2010 in
     7  an aggregate principal amount not to exceed four million  three  hundred
     8  thousand  dollars  ($4,300,000)  for  the  specific object or purpose of
     9  liquidating the deficits in the general fund, the  water  fund  and  the
    10  sewer  fund  of  such city for the fiscal years June 1, 2001 through May

    11  31, 2002, June 1, 2002 through May 31, 2003, June 1,  2003  through  May
    12  31,  2004,  June  1, 2004 through May 31, 2005, June 1, 2005 through May
    13  31, 2006, and June 1, 2006 through May 31, 2007.  In anticipation of the
    14  issuance of the bonds authorized to be issued by this act, the  issuance
    15  and sale of bond anticipation notes are hereby authorized.
    16    § 2. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10896-01-9