New York Senate Bill 3917 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on June 8 2011 - 100% progression
Action: 2011-06-08 - SIGNED CHAP.69
Text: Latest bill text (Introduced) [HTML]

Extends, until September 30, 2014, certain provisions of the Local Finance Law which provides for issuance of a single statutory installment bond by a borrower for the full principal amount, not to exceed one million dollars, if the issue is sold at private sale or in any amount if the bonds are issued and sold to the United States or any agency thereof; provides such bonds be issued utilizing a fixed interest; continues EFC's existing exemption from the one million dollar principal cap limitation and permits municipal or public benefit corporation borrowers to continue to issue and sell statutory installment bonds in an amount not to exceed twenty million dollars to EFC.

Extends, until September 30, 2014, certain provisions of the Local Finance Law which provides for issuance of a single statutory installment bond by a borrower for the full principal amount, not to exceed one million dollars, if the issue is sold at private sale or in any amount if the bonds are issued and sold to the United States or any agency thereof; provides such bonds be issued utilizing a fixed interest; continues EFC's existing exemption from the one million dollar principal cap limitation and permits municipal or public benefit corporation borrowers to continue to issue and sell statutory installment bonds in an amount not to exceed twenty million dollars to EFC.

Sen. Mark Grisanti [R]

2011-05-23 - Assembly - Assembly Floor Vote - Final Passage (Y: 141 N: 0 NV: 0 Abs: 5) [PASS]
2011-05-09 - Senate - Senate Floor Vote - Final Passage (Y: 61 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2011-06-08	Assembly	SIGNED CHAP.69
2011-05-27	Senate	DELIVERED TO GOVERNOR
2011-05-23	Assembly	returned to senate
2011-05-23	Assembly	passed assembly
2011-05-23	Assembly	ordered to third reading cal.398
2011-05-23	Assembly	substituted for a6441
2011-05-09	Assembly	referred to ways and means
2011-05-09	Senate	DELIVERED TO ASSEMBLY
2011-05-09	Senate	PASSED SENATE
2011-05-03	Senate	ADVANCED TO THIRD READING
2011-05-02	Senate	2ND REPORT CAL.
2011-04-13	Senate	1ST REPORT CAL.394
2011-03-09	Senate	REFERRED TO LOCAL GOVERNMENT

A06441 (Same As) 2011-05-23 - substituted by s3917

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=S03917&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S03917&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03917
Roll Call	https://assembly.state.ny.us/leg/?default_fld=&bn=S03917&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#AF1
Roll Call	https://www.nysenate.gov/legislation/bills/2011/S3917#SF1