Bill Text: NY S04596 | 2023-2024 | General Assembly | Introduced

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Bill Title: Extends provisions providing for the sale of municipal obligations by the county of Erie.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2023-06-30 - SIGNED CHAP.172 [S04596 Detail]

Download: New_York-2023-S04596-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4596

                               2023-2024 Regular Sessions

                    IN SENATE

                                    February 10, 2023
                                       ___________

        Introduced  by  Sen. KENNEDY -- 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 sale of munic-
          ipal obligations by the county of Erie

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. The opening paragraph of section 54.50 of the local finance
     2  law,  as  amended by chapter 329 of the laws of 2022, is amended to read
     3  as follows:
     4    To facilitate the marketing of any issue of serial bonds or  notes  of
     5  the  county  of  Erie  issued  on or before June thirtieth, two thousand
     6  [twenty-three] twenty-four such county may, notwithstanding any  limita-
     7  tions on private sales of bonds provided by law, and subject to approval
     8  by the state comptroller of the terms and conditions of such sale:
     9    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03730-01-3