Provides that bond anticipation notes issued during calendar years 2009 and 2010 may not extend more than seven years beyond the original date of issuance of such bond notes.
STATE OF NEW YORK
________________________________________________________________________
5229--A
2013-2014 Regular Sessions
IN SENATE
May 14, 2013
___________
Introduced by Sen. TKACZYK -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the local finance law, in relation to bond anticipation
notes issued during the calendar years 2009 and 2010
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraph 2 of paragraph b of section 23.00 of the local
2 finance law, as amended by chapter 264 of the laws of 2012, is amended
3 to read as follows:
4 2. renewals of bond anticipation notes issued originally during calen-
5 dar year two thousand seven [or], two thousand eight, two thousand nine
6 or two thousand ten may not extend more than seven years beyond the
7 original date of issue of such bond anticipation notes.
8 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09848-03-3
