Bill Text: NY S02374 | 2011-2012 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Authorizes the county of Westchester to issue serial bonds to finance certain payments over a period of five years for any costs associated with or related to the 2010 Early Retirement Incentive.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Passed) 2011-08-03 - SIGNED CHAP.387 [S02374 Detail]

Download: New_York-2011-S02374-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        2374--A
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                   January 19, 2011
                                      ___________
       Introduced  by  Sens.  STEWART-COUSINS,  OPPENHEIMER  --  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 authorize a municipality to  issue  serial  bonds  to  finance
         certain payments over a period of five years
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. All municipalities are hereby authorized  to  issue  serial
    2  bonds  in  an  aggregate  principal amount to be determined by the local
    3  governing body of such municipality, for a period of probable usefulness
    4  not to exceed five years, which shall apply to the  specific  object  or
    5  purpose  of  payment, of such municipality, of all costs associated with
    6  or related to the 2010 Early Retirement Incentive.  In  anticipation  of
    7  the  issuance and sale of such serial bonds, bond anticipation notes are
    8  hereby authorized to be issued.
    9    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07545-04-1