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NY S07837

Bill

Official Source

Status

Introduced

3/1/2018

Primary Sponsor

Timothy Kennedy

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Amends Public Authorities Law Section 1187 to increase the maximum aggregate amount of bonds the Buffalo Sewer Authority may issue and have outstanding at any one time from $125 million to $250 million
  • Excludes from this limit bonds or notes backed by U.S. Treasury obligations or other guaranteed securities set aside in trust for repayment
  • Authority retains power to issue refunding bonds to refinance existing obligations, whether matured or subject to redemption
  • Takes effect immediately upon enactment

Legislative Description

Relates to Buffalo sewer authority bonds, increasing the total amount of bonds which may be issued and outstanding at one time.

Last Action

SUBSTITUTED BY A10074

6/20/2018

Committee Referrals

Rules6/20/2018
Finance5/15/2018
Corporations, Authorities and Commissions3/1/2018

Full Bill Text

No bill text available