STATE OF NEW YORK
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S. 6278--A A. 7750--A
Cal. No. 1185
2017-2018 Regular Sessions
SENATE - ASSEMBLY
May 11, 2017
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IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Local Govern-
ment -- recommitted to the Committee on Local Government in accordance
with Senate Rule 6, sec. 8 -- reported favorably from said committee,
ordered to first and second report, ordered to a third reading, passed
by Senate and delivered to the Assembly, recalled, vote reconsidered,
restored to third reading, amended and ordered reprinted, retaining
its place in the order of third reading
IN ASSEMBLY -- Introduced by M. of A. PALUMBO -- read once and referred
to the Committee on Local Governments -- recommitted to the Committee
on Local Governments in accordance with Assembly Rule 3, sec. 2 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
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
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11540-02-8
S. 6278--A 2 A. 7750--A
1 the town of Southold may borrow the amount needed for such purposes and
2 issue town obligations therefor in an aggregate principal amount not
3 exceeding five hundred thousand dollars. Upon the adoption of a resol-
4 ution by the town board, subject to a permissive referendum by the
5 owners of taxable real property situate within the ferry district as
6 shown by the latest completed assessment roll of said town, such aggre-
7 gate principal amount which the town board may borrow and for which
8 obligations may be issued may be increased to any amount up to but not
9 exceeding the sum of [five] twenty million dollars; provided however,
10 the bond resolution authorizing the issuance of such obligations shall
11 be subject to permissive referendum, or such resolution may be submitted
12 to a referendum by the town board on its own motion, in the manner
13 prescribed in article seven of the town law.
14 § 2. This act shall take effect immediately and shall apply to fiscal
15 years beginning on and after January 1, 2020.
