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NY A11157
Bill
Status
6/11/2018
Primary Sponsor
Daniel Stec
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AI Summary
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Validates and legalizes a bond anticipation note issued by the Town of Thurman on May 31, 2017 in the principal amount of $313,000 for water supply systems and a municipal building.
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Authorizes the Town of Thurman to issue bond anticipation renewal notes and bonds to refinance the $300,000 remaining principal balance (after a $13,000 payment made May 31, 2018).
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Permits the town to proceed despite failing to obtain required state comptroller permission under Local Finance Law section 104.10 before issuing the original bond anticipation note.
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Requires any future obligations issued under this act to comply with all other applicable provisions of the Local Finance Law.
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Takes effect immediately upon enactment.
Legislative Description
Legalizes, validates, ratifies and confirms certain acts and proceedings of the town board of the town of Thurman, Warren county, in relation to the issuance of obligations for the financing of alternate water supply systems for five homes as required by a consent order of the department of environmental conservation and also for a municipal building.
Last Action
reported referred to rules
6/19/2018