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NY A09320
Bill
Status
Introduced
4/9/2014
Primary Sponsor
Daniel Stec
Click for details
AI Summary
- Validates and legalizes bond anticipation notes issued by the village of Whitehall between October 2007 and October 2013, totaling approximately $1.99 million outstanding as of October 22, 2014
- Corrects defects in principal payments made on October 27, 2009, October 26, 2010, March 10, 2011, and March 21, 2012 that were improperly made from bond anticipation note proceeds instead of other funding sources as required by local finance law
- Authorizes the village to issue bonds and bond anticipation notes up to $4,690,000 in aggregate principal amount to finance sewer system improvements required by a consent order agreement with the department of environmental conservation
- Ratifies and confirms all resolutions, acts, and proceedings taken by the village's board of trustees and treasurer related to the bond anticipation notes
- Takes effect immediately upon enactment
Legislative Description
Legalizes and validates certain bond anticipation notes issued by the village of Whitehall; authorizes such village to issue additional notes and bonds.
Last Action
substituted by s6948
6/19/2014
Committee Referrals
Rules6/19/2014
Ways and Means6/12/2014
Local Governments4/9/2014
Full Bill Text
No bill text available