Loading chat...
NY S07498
Bill
Status
8/1/2012
Primary Sponsor
Catharine Young
Click for details
AI Summary
-
Validates and ratifies seven series of bond anticipation notes issued by the Village of Dansville between 1998 and 2012 for wastewater treatment plant renovations, street paving, equipment replacement, digester heating system, fire truck, HME chassis, and street paving totaling approximately $1.45 million in authorized bonds
-
Authorizes the Village to issue bonds or bond anticipation renewal notes to continue financing these projects over their period of probable usefulness as defined in the Local Finance Law
-
Acknowledges violations of the Local Finance Law including bond resolutions indicating periods of probable usefulness exceeding five years without permissive referendum processes and bond anticipation renewal notes issued beyond the five-year anniversary of initial notes
-
Notwithstanding the identified defects, validates all bond resolutions, notes, and related acts and proceedings adopted by the Village Board of Trustees and village treasurer
-
Takes effect immediately upon enactment
Legislative Description
Validates, ratifies and confirms certain bonds issued by the village of Dansville, in the county of Livingston, and authorizes issuance of further bonds to finance the objects and purposes of the validated bonds.
Last Action
SIGNED CHAP.353
8/1/2012