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NY S08725
Bill
Status
8/28/2024
Primary Sponsor
James Skoufis
Click for details
AI Summary
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Extends the deadline for Village of Washingtonville, Orange County to issue serial bonds from November 30, 2024 to June 30, 2025.
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Authorizes issuance of serial bonds in an aggregate principal amount not to exceed $4,500,000 to liquidate accumulated deficits in the general fund, water fund, sewer fund, and capital projects fund.
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Changes the deficit measurement date from May 31, 2023 to February 28, 2023.
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Authorizes issuance of bond anticipation notes in advance of the serial bonds.
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Takes effect immediately upon enactment.
Legislative Description
Amends the village of Washingtonville deficit financing act to extend the time frames for the issuance of certain bonds by the village of Washingtonville.
Last Action
SIGNED CHAP.276
8/28/2024