Bill Title: 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2011-06-08 - SIGNED CHAP.69 [S03917 Detail]

Text: Latest bill text (Introduced) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
Assembly	Assembly Floor Vote - Final Passage	2011-05-23	141	0	0	5	146	Passed	Link	View
Senate	Senate Floor Vote - Final Passage	2011-05-09	61	0	0	1	62	Passed	Link	View

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