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NY S09184
Bill
Status
6/30/2022
Primary Sponsor
Luis Sepulveda
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AI Summary
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Extends the deadline for the City of New York to issue bonds and notes with private sale authorization from June 30, 2022 to June 30, 2023.
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Extends the deadline for the City of New York to issue bonds or notes with variable interest rates from July 15, 2022 to July 15, 2023.
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Extends the deadline for the City of New York to use interest rate exchange agreements and refund bonds from July 1, 2022 to July 1, 2023.
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Extends the deadline for the New York State Financial Emergency Act pledge and agreement related to city bonds and notes from July 1, 2022 to July 1, 2023, preserving state protections for debt service payments and financial control board authority.
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Takes effect immediately, with Section 3 expiring July 15, 2023.
Legislative Description
Extends certain provisions relating to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; extends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.
Last Action
SIGNED CHAP.362
6/30/2022