Bill Text: NY A00153 | 2017-2018 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-01-03 - referred to local governments [A00153 Detail]

Download: New_York-2017-A00153-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                           153
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                       (Prefiled)
                                     January 4, 2017
                                       ___________
        Introduced by M. of A. CAHILL -- read once and referred to the Committee
          on Local Governments
        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.
                                                                   LBD01604-01-7