Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jun 28, 2009 |
referred to rules |
Senate Bill S60437
2009-2010 Legislative Session
Sponsored By
There are no sponsors of this bill.
Archive: Last Bill Status - In Senate Committee Rules Committee
- 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
Actions
2009-S60437 (ACTIVE) - Details
- See other versions of this Bill:
- A8454 ,
- S65057 ,
- S3624 ,
- Current Committee:
- Senate Rules
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd ยงยง532 & 532-a, Pub Auth L
2009-S60437 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 437 Seventh Extraordinary Session I N S E N A T E June 28, 2009 ___________ Introduced by COMMITTEE ON RULES -- (at request of the Governor) -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the public authorities law, in relation to granting the New York State Bridge Authority the power to issue bonds and notes in an aggregate principal amount not to exceed $153,255,000 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 532 of the public authorities law, as amended by chapter 584 of the laws of 1993, is amended to read as follows: 1. The authority shall have power and is hereby authorized from time to time to issue [after January first, nineteen hundred ninety-three] its negotiable bonds in conformity with applicable provisions of the uniform commercial code for any corporate purpose in the aggregate prin- cipal amount [of] not [exceeding one hundred million dollars] TO EXCEED ONE HUNDRED FIFTY-THREE MILLION TWO HUNDRED FIFTY-FIVE THOUSAND DOLLARS. S 2. Subdivision 2 of section 532 of the public authorities law, as amended by chapter 584 of the laws of 1993, is amended to read as follows: 2. In addition to the bonds authorized in subdivision one of this section, the authority shall have power from time to time and whenever it deems refunding expedient, to issue bonds in such principal amount as the authority may determine for the purpose of refunding bonds then outstanding and to issue such additional bonds as may be necessary to pay the costs incurred in connection with said refunding, whether the bonds to be refunded have or have not matured. The refunding bonds may be exchanged for the bonds to be refunded with such cash adjustments as may be agreed, or may be sold and the proceeds applied to the purchase, redemption or payment of the bonds to be refunded, provided, however, that upon any such refunding or repayment the aggregate principal amount EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09374-02-9
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