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NY A09319

Bill

Status

Introduced

4/9/2014

Primary Sponsor

Daniel Stec

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Validates and legalizes all bond anticipation notes, renewals, and serial bonds issued by the village of Whitehall (Washington County) to finance sewer and water system improvements, as described in the act

  • Authorizes the village to issue serial bonds not exceeding $2,772,792 for sewer system improvements under bond resolutions dated April 5, 2001 and April 7, 2005

  • Authorizes the village to issue serial bonds not exceeding $9,997,000 for water system improvements under bond resolutions dated January 25, 2005, January 26, 2006, July 6, 2006, and November 6, 2006

  • Ratifies a $210,402 principal payment made on June 25, 2010 from sewer bond proceeds to pay water system bond obligations, which violated Local Finance Law provisions requiring proceeds to be used only for their authorized purpose

  • Validates all resolutions, acts, and proceedings adopted by the village's board of trustees and treasurer related to these bonds and notes

Legislative Description

Legalizes and validates certain bond anticipation notes issued by the village of Whitehall.

Last Action

substituted by s6947

6/19/2014

Committee Referrals

Rules6/18/2014
Ways and Means6/12/2014
Local Governments4/9/2014

Full Bill Text

No bill text available