Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to education |
May 02, 2013 |
reference changed to education |
Mar 27, 2013 |
referred to local governments |
Assembly Bill A6437
2013-2014 Legislative Session
Sponsored By
JAFFEE
Archive: Last Bill Status - In Assembly 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
co-Sponsors
Aileen Gunther
Thomas Abinanti
Steven Englebright
Kevin Cahill
multi-Sponsors
John T. McDonald III
2013-A6437 (ACTIVE) - Details
2013-A6437 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6437 2013-2014 Regular Sessions I N A S S E M B L Y March 27, 2013 ___________ Introduced by M. of A. JAFFEE -- read once and referred to the Committee on Local Governments AN ACT to amend the general municipal law, in relation to the mandatory reserve fund for municipal corporations, fire districts, school districts and boards of cooperative educational services THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 6-l of the general municipal law, as added by chap- ter 1052 of the laws of 1965, subdivision 2 as amended by section 10 of part A of chapter 93 of the laws of 2002, subdivision 2-a as added by chapter 807 of the laws of 1977 and subdivision 6 as amended by chapter 140 of the laws of 1996, is amended to read as follows: S 6-l. Mandatory reserve fund for municipal corporations, fire districts [and], school districts AND BOARDS OF COOPERATIVE EDUCATIONAL SERVICES. 1. As used in this section, the term "governing board," in so far as it is used in reference to a municipal corporation, shall mean the "legislative body" thereof, as that term is defined in section two of the municipal home rule law, as amended from time to time; in so far as it is used in reference to a fire district, shall mean the board of fire commissioners thereof; in so far as it is used in reference to a school district OR BOARD OF COOPERATIVE EDUCATIONAL SERVICES, shall mean the board of trustees thereof. 2. Notwithstanding any other provision of this chapter, upon the cash sale by a municipal corporation, fire district [or], school district OR BOARD OF COOPERATIVE EDUCATIONAL SERVICES of a capital improvement, as defined in section six-c of this chapter, for the cost of which obli- gations were issued pursuant to the local finance law, and when all or part of such indebtedness is outstanding at the time of such sale, a mandatory reserve fund shall be established for the purpose of retiring such obligations, or, as an additional alternative, paying principal of, or redemption premiums in connection with such obligations or other EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09636-01-3
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