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NY S06975

Bill

Official Source

Status

Passed

9/4/2014

Primary Sponsor

Patricia Ritchie

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Validates bond resolutions adopted by the Village of Parish (Oswego County) on July 7, 2009, December 15, 2010, and June 20, 2012 to finance sewer improvements, despite procedural defects.

  • Legalizes bond anticipation notes issued by the village, including a $415,000 note issued October 15, 2009 (renewed and reduced through payments) and a $768,175 CWSRF financing note issued September 27, 2012.

  • Excuses the Village of Parish from failing to make a required principal payment on October 11, 2013, on the EFC bond anticipation note under Local Finance Law Section 23.00.

  • Deems any principal payments made by the village in 2014 on the bond anticipation note maturing September 27, 2015 as compliant with Local Finance Law requirements.

  • Takes effect immediately upon enactment.

Legislative Description

Legalizes, validates, ratifies and confirms the actions of the village board of the village of Parish notwithstanding certain defects.

Last Action

SIGNED CHAP.343

9/4/2014

Committee Referrals

Local Governments6/10/2014
Rules6/3/2014
Local Government4/9/2014

Full Bill Text

No bill text available