Assembly Bill A7653

2015-2016 Legislative Session

Provides that bond anticipation notes issued during calendar years 2012 and 2013 may not extend more than 7 years beyond original date of issuance of such bond notes

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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

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2015-A7653 (ACTIVE) - Details

See Senate Version of this Bill:
S5055
Current Committee:
Assembly Local Governments
Law Section:
Local Finance Law
Laws Affected:
Amd ยง23.00, Loc Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: A9122, S6817
2017-2018: A7119
2019-2020: A3768

2015-A7653 (ACTIVE) - Summary

Provides that bond anticipation notes issued during calendar years 2012 and 2013 may not extend more than 7 years beyond original date of issuance of such bond notes.

2015-A7653 (ACTIVE) - Bill Text download pdf

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

                                  7653

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              May 21, 2015
                               ___________

Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
  tee on Local Governments

AN  ACT to amend the local finance law, in relation to bond anticipation
  notes issued during the calendar years 2012 and 2013

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

  Section 1. Subparagraph 2 of paragraph b of section 23.00 of the local
finance  law,  as amended by chapter 264 of the laws of 2012, is amended
to read as follows:
  2. renewals of bond anticipation notes issued originally during calen-
dar year two thousand [seven] TWELVE or two  thousand  [eight]  THIRTEEN
may  not  extend more than seven years beyond the original date of issue
of such bond anticipation notes.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02748-02-5


              

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