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NY A09351
Bill
Status
4/16/2014
Primary Sponsor
Marc Butler
Click for details
AI Summary
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Validates bond anticipation notes issued by the town of Clifton, St. Lawrence County totaling $150,000 (issued March 22, 2012 and renewed March 21, 2013) and $667,000 (issued September 26, 2013 to the Environmental Facilities Corporation) for sewer district and wastewater treatment plant improvements.
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Forgives the town's late principal payment on the $150,000 bond anticipation renewal note, which was due March 20, 2014 but paid March 26, 2014.
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Ratifies all actions, disbursements, and resolutions related to the bond anticipation notes despite the town's failure to obtain state comptroller permission as required by Local Finance Law section 104.10.
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Authorizes the town to issue bonds or bond anticipation renewal notes to continue financing the authorized sewer and wastewater projects over their period of probable usefulness.
Legislative Description
Makes certain findings and determinations with respect to certain bond anticipation notes issued by the town of Clifton, in the county of St. Lawrence, validates and legalizes the same, and authorizes the issuance of obligations of such town with respect thereto.
Last Action
substituted by s7017
6/19/2014