Loading chat...
NY S00692
Bill
Status
1/8/2025
Primary Sponsor
Daniel Stec
Click for details
AI Summary
-
Authorizes the town of Massena in St. Lawrence County to issue serial bonds up to $5,000,000 to liquidate general fund deficits certified by the state comptroller
-
Permits the town to issue bond anticipation notes in advance of the serial bonds
-
Sets a 30-year period of probable usefulness for the bond issuance
-
Authorizes the town board to levy annual taxes sufficient to pay principal and interest on the bonds and notes
-
Requires any bond proceeds exceeding the confirmed deficit amount to be accounted for according to state comptroller guidelines 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 GOVERNMENT
1/7/2026