Assembly Bill A8617

Signed By Governor
2009-2010 Legislative Session

Amends certain provisions of the New York state financial emergency act for the city of New York in relation to bond anticipation notes

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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-A8617 (ACTIVE) - Details

See Senate Version of this Bill:
S4941
Law Section:
New York State Financial Emergency Act for the City of NY
Laws Affected:
Amd ยง2, Chap 868 of 1975

2009-A8617 (ACTIVE) - Summary

Amends certain provisions of the New York state financial emergency act for the city of New York and the New York city charter in relation to bond anticipation notes.

2009-A8617 (ACTIVE) - Sponsor Memo

2009-A8617 (ACTIVE) - Bill Text download pdf 

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

                                  8617

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                              May 29, 2009
                               ___________

Introduced  by  M. of A. FARRELL, COOK, WRIGHT, BING, POWELL, ESPAILLAT,
  KELLNER -- Multi-Sponsored by -- M. of A. O'DONNELL -- read  once  and
  referred to the Committee on Ways and Means

AN  ACT to amend the New York state financial emergency act for the city
  of New York and the New York city charter, in relation to bond  antic-
  ipation notes

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

  Section 1. Paragraph c of subdivision 4 of section 9-b of section 2 of
chapter 868 of the laws of 1975, constituting the New York state  finan-
cial  emergency act for the city of New York, as added by chapter 201 of
the laws of 1978, is amended to read as follows:
  c. Bond anticipation notes shall mature not later  than  [six  months]
ONE  YEAR  after  their date of issuance and may be renewed for a period
not to exceed [six months] TWO YEARS, OR SUCH LONGER PERIOD  AS  MAY  BE
PERMITTED  FOR  BOND  ANTICIPATION  NOTES OF THE STATE, FROM THE DATE OF
ORIGINAL ISSUE.
  S 2. Paragraph 3 of subdivision h of section 266 of the New York  city
charter,  as  added by vote of the electors at the general election held
in November 2005, is amended to read as follows:
  (3) Bond anticipation notes shall mature not later than  [six  months]
ONE  YEAR  after  their date of issuance and may be renewed for a period
not to exceed [six months] TWO YEARS, OR SUCH LONGER PERIOD  AS  MAY  BE
PERMITTED  FOR  BOND  ANTICIPATION  NOTES OF THE STATE, FROM THE DATE OF
ORIGINAL ISSUE.
  S 3. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11660-01-9

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