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Bill > A07382
NY A07382
NY A07382Extends the effectiveness of certain provisions relating to refunding bonds to 2026.
summary
Introduced
05/18/2023
05/18/2023
In Committee
06/05/2023
06/05/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend chapter 629 of the laws of 2005, amending the local finance law relating to refunding bonds, in relation to extending the effectiveness thereof
AI Summary
This bill extends the effectiveness of certain provisions relating to refunding bonds from September 30, 2023 to September 30, 2026. Refunding bonds are a type of municipal bond issued to refinance existing debt at a lower interest rate. The bill amends a 2005 law that originally authorized the use of refunding bonds, which has been extended multiple times. This latest extension preserves the ability of local governments in New York to utilize refunding bonds as a tool for managing their finances.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
substituted by s7067 (on 06/05/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A7382 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07382&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07382 |
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