S07367 Summary:
BILL NO | S07367 |
  | |
SAME AS | SAME AS A09861 |
  | |
SPONSOR | LANZA |
  | |
COSPNSR | |
  | |
MLTSPNSR | |
  | |
Amd SS90.00 & 90.10, Loc Fin L | |
  | |
Provides for the issuance of local refunding bonds which do not exceed the amounts and maturity of the bonds which they refund. |
S07367 Actions:
BILL NO | S07367 | |||||||||||||||||||||||||||||||||||||||||||||||||
  | ||||||||||||||||||||||||||||||||||||||||||||||||||
05/14/2014 | REFERRED TO LOCAL GOVERNMENT | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2014 | COMMITTEE DISCHARGED AND COMMITTED TO RULES | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2014 | ORDERED TO THIRD READING CAL.1354 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/12/2014 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/12/2014 | DELIVERED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
06/12/2014 | referred to local governments | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2014 | substituted for a9861 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2014 | ordered to third reading rules cal.498 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2014 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2014 | returned to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
11/10/2014 | DELIVERED TO GOVERNOR | |||||||||||||||||||||||||||||||||||||||||||||||||
11/21/2014 | VETOED MEMO.522 |
S07367 Floor Votes:
Yes
Abbate
Yes
Curran
Yes
Hawley
Yes
Markey
Yes
Quart
Yes
Steck
Yes
Abinanti
Yes
Cusick
ER
Heastie
Yes
Mayer
Yes
Ra
Yes
Stirpe
Yes
Arroyo
Yes
Cymbrowitz
Yes
Hennessey
Yes
McDonald
Yes
Raia
Yes
Sweeney
Yes
Aubry
Yes
Davila
Yes
Hevesi
Yes
McDonough
Yes
Ramos
Yes
Tedisco
Yes
Barclay
Yes
DenDekker
Yes
Hikind
Yes
McKevitt
Yes
Rivera
ER
Tenney
Yes
Barrett
Yes
Dinowitz
Yes
Hooper
Yes
McLaughlin
Yes
Roberts
Yes
Thiele
Yes
Benedetto
Yes
DiPietro
Yes
Jacobs
Yes
Miller
Yes
Robinson
Yes
Titone
Yes
Blankenbush
Yes
Duprey
Yes
Jaffee
Yes
Millman
Yes
Rodriguez
Yes
Titus
Yes
Borelli
Yes
Englebright
Yes
Johns
Yes
Montesano
Yes
Rosa
Yes
Walter
Yes
Braunstein
Yes
Fahy
Yes
Katz
Yes
Morelle
Yes
Rosenthal
Yes
Weinstein
Yes
Brennan
Yes
Farrell
Yes
Kavanagh
Yes
Mosley
Yes
Rozic
ER
Weisenberg
Yes
Brindisi
Yes
Finch
Yes
Kearns
Yes
Moya
Yes
Russell
Yes
Weprin
Yes
Bronson
Yes
Fitzpatrick
AB
Kellner
Yes
Nojay
Yes
Ryan
Yes
Wright
Yes
Brook-Krasny
Yes
Friend
Yes
Kim
Yes
Nolan
Yes
Saladino
Yes
Zebrowski
Yes
Buchwald
Yes
Galef
Yes
Kolb
Yes
Oaks
Yes
Santabarbara
Yes
Mr. Speaker
Yes
Butler
Yes
Gantt
Yes
Lalor
Yes
O'Donnell
Yes
Scarborough
Yes
Cahill
Yes
Garbarino
Yes
Lavine
Yes
Ortiz
Yes
Schimel
ER
Camara
Yes
Giglio
Yes
Lentol
Yes
Otis
Yes
Schimminger
Yes
Ceretto
Yes
Gjonaj
Yes
Lifton
Yes
Palmesano
Yes
Sepulveda
Yes
Clark
Yes
Glick
Yes
Lopez
Yes
Palumbo
Yes
Simanowitz
Yes
Colton
Yes
Goldfeder
Yes
Lupardo
Yes
Paulin
Yes
Simotas
Yes
Cook
Yes
Goodell
Yes
Lupinacci
Yes
Peoples-Stokes
Yes
Skartados
Yes
Corwin
No
Gottfried
Yes
Magee
Yes
Perry
Yes
Skoufis
Yes
Crespo
Yes
Graf
Yes
Magnarelli
Yes
Pichardo
Yes
Solages
Yes
Crouch
Yes
Gunther
Yes
Malliotakis
Yes
Pretlow
Yes
Stec
‡ Indicates voting via videoconference
S07367 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 7367 IN SENATE May 14, 2014 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the local finance law, in relation to the refunding and advance refunding of bonds The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph b-1 of section 90.00 of the local finance law, as 2 added by chapter 201 of the laws of 1994, is amended to read as follows: 3 b-1. Refunding bonds need not comply with paragraph b of this section 4 provided that no annual installment of each separate series of refunding 5 bonds shall be more than fifty per centum in excess of the smallest 6 prior installment, or the amounts of the refunding bonds are the same as 7 or less than and the stated maturity dates are the same as or earlier 8 than those of the bonds to be refunded, or the finance board of the 9 municipality, school district or district corporation issuing the bonds 10 shall have determined to use a substantially level or declining annual 11 debt service schedule for the refunding bonds. The amount of annual 12 installments of the refunding bonds may be determined without reference 13 to the stated maturities of the bonds to be refunded. 14 § 2. Subdivision 3 of paragraph c of section 90.10 of the local 15 finance law, as amended by chapter 201 of the laws of 1994, is amended 16 to read as follows: 17 3. No annual installment of each separate series of refunding bonds 18 shall be more than fifty per centum in excess of the smallest prior 19 installment unless the amounts of the refunding bonds are the same as or 20 less than and the stated maturity dates are the same as or earlier than 21 those of the bonds to be refunded, or the finance board of the munici- 22 pality, school district or district corporation issuing the bonds has 23 determined to use a substantially level or declining annual debt service 24 schedule for the refunding bonds. The amounts of annual installments of 25 the refunding bonds may be determined without reference to the stated 26 maturities of the bonds to be refunded. 27 § 3. Severability. If any clause, sentence, paragraph, section or part 28 of this act shall be adjudged by any court of competent jurisdiction to EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14860-01-4S. 7367 2 1 be invalid, such judgment shall not affect, impair or invalidate the 2 remainder thereof, but shall be confined in its operation to the clause, 3 sentence, paragraph, section or part thereof directly involved in the 4 controversy in which such judgment shall have been rendered. 5 § 4. This act shall take effect immediately.