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NY S08141

Bill

Official Source

Status

Introduced

6/11/2010

Primary Sponsor

Stephen Saland

Click for details

Origin

Senate

2009-2010 General Assembly

AI Summary

  • Authorizes the Town of Fishkill in Dutchess County to issue serial bonds in an aggregate principal amount not exceeding $6,500,000 on or before December 31, 2011
  • Bonds are designated for liquidating an actual deficit in the general fund and highway fund accumulated as of December 31, 2010
  • Any town board action authorizing bond issuance requires approval by affirmative vote of a majority of town electors at a mandatory referendum
  • Referendum must be scheduled by town board resolution no later than November 2, 2010
  • Authorizes issuance of bond anticipation notes in advance of the serial bond sales
  • Act takes effect immediately upon enactment

Legislative Description

Authorizes the town of Fishkill to issue serial bonds in an amount not to exceed $6,500,000 for the purpose of liquidating an actual deficit in the general fund and highway fund, if approved by a majority of the electors of such town at a mandatory referendum.

Last Action

PRINT NUMBER 8141B

6/30/2010

Committee Referrals

Local Government6/11/2010

Full Bill Text

No bill text available