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S07992 Summary:

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S07992 Committee Votes:

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S07992 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7992
 
                    IN SENATE
 
                                      June 2, 2016
                                       ___________
 
        Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance
 
        AN ACT to authorize the Sag Harbor Union Free School  District,  Suffolk
          County,  New  York,  to expend the proceeds of certain bonds issued by
          the district for an object or purpose that differs from  the  original
          object or purpose for which said bonds were issued

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Definition. For the purposes of this act, "district"  shall
     2  mean  the  Sag  Harbor  Union  Free School District, Suffolk County, New
     3  York.
     4    § 2. Notwithstanding any other provision of law to  the  contrary  and
     5  subject to the approval of one or more propositions by a majority of the
     6  voters  of  the district voting thereon at one or more annual or special
     7  district meetings of the district, the district is hereby authorized  to
     8  expend  not  to  exceed  $1,620,000  of the proceeds of bonds heretofore
     9  issued on February 25, 2016, to fund one or  more  objects  or  purposes
    10  described  in  paragraph  (a) of section 11.00 of the local finance law,
    11  which has a period of probable usefulness of not to exceed 30 years,  in
    12  lieu  of  expending  such  proceeds  to  fund a synthetic turf field, as
    13  originally contemplated and approved by the voters of the district.
    14    § 3. If any clause, sentence, paragraph, section or part of  this  act
    15  shall  be adjudged by any court of competent jurisdiction to be invalid,
    16  such judgment shall not affect,  impair,  or  invalidate  the  remainder
    17  thereof, but shall be confined in its operation to the clause, sentence,
    18  paragraph, section, or part thereof directly involved in the controversy
    19  in which such judgment shall have been rendered.
    20    § 4. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15735-01-6