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NY A00047
Bill
Status
1/8/2025
Primary Sponsor
Scott Gray
Click for details
AI Summary
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Authorizes the Town of Massena in St. Lawrence County to issue serial bonds up to $5,000,000 to cover general fund deficits related to pension contributions for former Massena Memorial Hospital employees
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Sets the bond repayment period at 30 years, with authorization to issue bond anticipation notes prior to the serial bonds
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Permits the town board to levy annual taxes sufficient to pay principal and interest on the bonds and notes
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Requires the state comptroller to certify the actual deficit amount, with any excess bond proceeds to be accounted for under General Municipal Law Section 36
Legislative Description
Authorizes the town of Massena to issue bonds to cover the cost of pension contributions due by the town for employees of the former Massena Memorial Hospital.
Last Action
referred to local governments
1/7/2026