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NY A09271
Bill
Status
4/7/2014
Primary Sponsor
William Barclay
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AI Summary
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Validates and legalizes bond anticipation notes issued by the Village of Parish in Oswego County on October 15, 2009 ($415,000), with subsequent renewals and refinancing totaling $768,175 through the Clean Water State Revolving Fund.
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Ratifies all bond resolutions adopted on July 7, 2009, December 15, 2010, and June 20, 2012 for sewer improvement construction financing, notwithstanding any defects in the village board's actions.
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Exempts the Village of Parish from compliance with Local Finance Law Section 23.00 requirements regarding a missed principal payment on October 11, 2013, and deems any 2014 principal payments on the note maturing September 27, 2015 as compliant with state law.
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Requires future bond and bond anticipation note issuances to comply with provisions of the Local Finance Law except as otherwise specified in this act.
Legislative Description
Legalizes, validates, ratifies and confirms the actions of the village board of the village of Parish notwithstanding certain defects.
Last Action
substituted by s6975
6/18/2014