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NY A11693
Bill
Status
9/1/2010
Primary Sponsor
Dennis Gabryszak
Click for details
AI Summary
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Erie County issued $14,000,000 in bonds on December 28, 2005, for Erie canal harbor waterfront development including demolition, parking ramps, streets, sidewalks, utilities, wharfing, dockage, landscaping, and pedestrian/bicycle trails.
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The county legislature determined that intended projects were only partially completed with initial bond proceeds and requested authorization to redirect $7,000,000 in unexpended bond proceeds to alternative purposes.
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Authorizes expenditure of the $7,000,000 unexpended bond proceeds for Erie canal harbor waterfront development, purchase of vehicles and heavy equipment, and bridge and road reconstruction projects.
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Establishes a period of probable usefulness of fifteen years for these objects and purposes under Local Finance Law section 11.00, subdivision 91(a).
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The act takes effect immediately.
Legislative Description
Deems the objects or purposes for which certain bonds were issued by the county of Erie to be the Erie canal harbor waterfront development, the purchase of vehicles and heavy equipment, and bridge and road reconstruction projects; authorizes the expenditure of the proceeds from such bonds for such objects or purposes.
Last Action
referred to local governments
9/1/2010