Assembly Bill A7721

Signed By Governor
2009-2010 Legislative Session

Extends until October 1, 2010, the expiration date for the city of Olean to issue serial bonds to finance a certain deficit

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A7721 (ACTIVE) - Details

See Senate Version of this Bill:
S3826
Law Section:
Olean, City of
Laws Affected:
Amd ยง1, Chap 331 of 2007

2009-A7721 (ACTIVE) - Summary

Extends from October 1, 2009 until October 1, 2010, the expiration of the authority of the city of Olean to issue serial bonds to finance a certain deficit.

2009-A7721 (ACTIVE) - Sponsor Memo

2009-A7721 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7721

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             April 22, 2009
                               ___________

Introduced by M. of A. GIGLIO -- read once and referred to the Committee
  on Cities

AN ACT to amend chapter 331 of the laws of 2007, authorizing the city of
  Olean,  in  the county of Cattaraugus, to finance a certain deficit by
  the issuance of bonds, in relation to extending the time period during
  which such bonds may be issued

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section 1 of chapter 331 of the laws of 2007, authorizing
the city of Olean, in the county of Cattaraugus, to  finance  a  certain
deficit  by the issuance of bonds, as amended by chapter 127 of the laws
of 2008, is amended to read as follows:
  Section 1. The city of Olean, in the county of Cattaraugus, is  hereby
authorized  to issue serial bonds on or before October 1, [2009] 2010 in
an aggregate principal amount not to exceed four million  three  hundred
thousand  dollars  ($4,300,000)  for  the  specific object or purpose of
liquidating the deficits in the general fund, the  water  fund  and  the
sewer  fund  of  such city for the fiscal years June 1, 2001 through May
31, 2002, June 1, 2002 through May 31, 2003, June 1,  2003  through  May
31,  2004,  June  1, 2004 through May 31, 2005, June 1, 2005 through May
31, 2006, and June 1, 2006 through May 31, 2007.  In anticipation of the
issuance of the bonds authorized to be issued by this act, the  issuance
and sale of bond anticipation notes are hereby authorized.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10896-01-9

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