Senate Bill S2459

Signed By Governor
2019-2020 Legislative Session

Makes certain findings with respect to bond anticipation notes issued by the city school district of the city of Binghamton and authorizes the issuance of obligations

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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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2019-S2459 - Details

Law Section:
Local Finance

2019-S2459 - Summary

Makes certain findings and determinations with respect to certain bond anticipation notes issued by the city school district of the city of Binghamton, and authorizes the issuance of obligations of such school district with respect thereto; authorizes certain bond anticipation notes to be renewed and the maturity thereof, including the maturity of renewals thereof, to extend for a period not to exceed seven years beyond the respective original date of issue of such bond anticipation notes.

2019-S2459 - Sponsor Memo

2019-S2459 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2459
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 25, 2019
                                ___________
 
 Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT making  certain  findings  and  determinations  with  respect  to
   certain  bond anticipation notes issued by the city school district of
   the city of Binghamton, and authorizing the issuance of obligations of
   such school district with respect thereto
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Legislative  findings.  It is hereby found and determined
 that the city school district of the city of Binghamton had duly adopted
 a bond resolution on February twelfth, two thousand thirteen authorizing
 the construction of a new Mac Arthur  Elementary  School  at  a  maximum
 estimated  cost  of  seventy-nine  million  five hundred thirty thousand
 dollars and authorizing the issuance of  serial  bonds  of  such  school
 district  not  exceeding seventy-seven million eight hundred forty-three
 thousand dollars to pay a portion of the cost thereof and that, pursuant
 to such bond resolution, such school district has heretofore issued  the
 following obligations:
   (a) a bond anticipation note in the principal amount of twenty million
 dollars  issued  on  November twenty-first, two thousand thirteen, which
 matured on November twenty-first, two thousand fourteen;
   (b) a bond anticipation note in the principal amount of sixty  million
 dollars  issued  on  November twenty-first, two thousand fourteen, which
 matured November twentieth, two thousand fifteen, constituting a renewal
 financing of twenty million dollars and a second  series  of  new  money
 original financing of forty million dollars;
   (c)  a  bond  anticipation  renewal  note  in  the principal amount of
 fifty-nine million six hundred eighty thousand dollars issued on  Novem-
 ber  twentieth,  two  thousand  fifteen, which matured on November eigh-
 teenth, two thousand sixteen;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06345-01-9
              

2019-S2459A (ACTIVE) - Details

Law Section:
Local Finance

2019-S2459A (ACTIVE) - Summary

Makes certain findings and determinations with respect to certain bond anticipation notes issued by the city school district of the city of Binghamton, and authorizes the issuance of obligations of such school district with respect thereto; authorizes certain bond anticipation notes to be renewed and the maturity thereof, including the maturity of renewals thereof, to extend for a period not to exceed seven years beyond the respective original date of issue of such bond anticipation notes.

2019-S2459A (ACTIVE) - Sponsor Memo

2019-S2459A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2459--A
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 25, 2019
                                ___________
 
 Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
   printed to be committed  to  the  Committee  on  Local  Government  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT making  certain  findings  and  determinations  with  respect  to
   certain  bond anticipation notes issued by the city school district of
   the city of Binghamton, and authorizing the issuance of obligations of
   such school district with respect thereto
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Legislative  findings.  It is hereby found and determined
 that the city school district of the city of Binghamton had duly adopted
 a bond resolution on February twelfth, two thousand thirteen authorizing
 the construction of a new Mac Arthur  Elementary  School  at  a  maximum
 estimated  cost  of  seventy-nine  million  five hundred thirty thousand
 dollars and authorizing the issuance of  serial  bonds  of  such  school
 district  not  exceeding seventy-seven million eight hundred forty-three
 thousand dollars to pay a portion of the cost thereof and that, pursuant
 to such bond resolution, such school district has heretofore issued  the
 following obligations:
   (a) a bond anticipation note in the principal amount of twenty million
 dollars  issued  on  November twenty-first, two thousand thirteen, which
 matured on November twenty-first, two thousand fourteen;
   (b) a bond anticipation note in the principal amount of sixty  million
 dollars  issued  on  November twenty-first, two thousand fourteen, which
 matured November twentieth, two thousand fifteen, constituting a renewal
 financing of twenty million dollars and a second  series  of  new  money
 original financing of forty million dollars;
   (c)  a  bond  anticipation  renewal  note  in  the principal amount of
 fifty-nine million six hundred eighty thousand dollars issued on  Novem-

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06345-03-9
              

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