Senate Bill S65014

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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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

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2009-S65014 (ACTIVE) - Details

See other versions of this Bill:
S50005 ,
S4941 ,
S60415 ,
A8617 ,
Current Committee:
Senate Rules
Law Section:
New York State Financial Emergency Act for the City of NY
Laws Affected:
Amd ยง2, Chap 868 of 1975

2009-S65014 (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-S65014 (ACTIVE) - Bill Text download pdf 

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

                                   14

                      Eighth Extraordinary Session

                            I N  S E N A T E

                              June 29, 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 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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