Bill Text: NY S08989 | 2017-2018 | General Assembly | Amended

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Bill Title: Legalizes, validates, ratifies and confirms certain acts and proceedings of the town board of the town of Thurman, Warren county, in relation to the issuance of obligations for the financing of alternate water supply systems for five homes as required by a consent order of the department of environmental conservation and also for a municipal building.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2018-06-18 - referred to ways and means [S08989 Detail]

Download: New_York-2017-S08989-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         8989--A
                    IN SENATE
                                      June 11, 2018
                                       ___________
        Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
          printed to be  committed  to  the  Committee  on  Rules  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee
        AN  ACT  to  legalize,  validate,  ratify  and  confirm certain acts and
          proceedings of the town board of the town of Thurman,  Warren  county,
          New York, in relation to the issuance of obligations for the financing
          of  alternate  water  supply  systems  for five homes as required by a
          consent order of the department of environmental conservation and also
          for a municipal building
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Legislative  findings.  It is hereby found and determined
     2  that the town board of the town of Thurman, county of Warren:
     3    (a) duly adopted a bond resolution dated December  27,  2016  for  the
     4  purpose  of installation of water supply systems for five homes pursuant
     5  to a consent order of the department of environmental  conservation  and
     6  for a municipal building;
     7    (b)  subsequently  issued  a  bond  anticipation note in the principal
     8  amount of $313,000 on May 31, 2017;
     9    (c) made a principal payment of  $13,000  on  May  31,  2018,  leaving
    10  $300,000 in principal outstanding; and
    11    (d) with respect to the issuance of the bond anticipation note, failed
    12  to  obtain the permission of the state comptroller pursuant to paragraph
    13  3 of section 104.10 of the local finance law prior to  the  issuance  of
    14  such bond anticipation note.
    15    §  2. Notwithstanding the defects described in section one of this act
    16  relating to the bond anticipation note of the town of Thurman, the issu-
    17  ance of such note is hereby validated, ratified and legalized. Such town
    18  is hereby authorized to issue bond anticipation renewal notes and  bonds
    19  to refinance such note.
    20    §  3. Except as otherwise provided in this act, any obligations issued
    21  pursuant to this act shall be issued in accordance with  the  provisions
    22  of the local finance law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD16234-03-8
        S. 8989--A                          2
     1    §  4. If any clause, sentence, subdivision, paragraph, section or part
     2  of this act be adjudged by any court of  competent  jurisdiction  to  be
     3  invalid,  such  judgment  shall  not  affect,  impair  or invalidate the
     4  remainder thereof, but shall be confined in its operation to the clause,
     5  sentence,  subdivision,  paragraph,  section  or  part  thereof directly
     6  involved in the controversy in  which  such  judgment  shall  have  been
     7  rendered.
     8    § 5. This act shall take effect immediately.