New York Senate Bill S08779 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 8779  IN SENATE March 11, 2024 ___________ Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to ratify and confirm the creation of water district no. 14 of the town of Monroe and to authorize the issuance of bonds or notes by the town of Monroe to finance certain inter-fund borrowings by water district no. 14 from such town's general fund The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any other provision of law to the contrary, 2 the establishment of water district number 14 within the town of Monroe, 3 made up of the water system previously owned and operated by Orchard 4 Hill Water Company and which has been owned and operated by the town of 5 Monroe by mandate from the public service commission since 2013, is 6 hereby ratified and confirmed. Said water district established pursuant 7 to this act shall be funded, operated, expanded and otherwise controlled 8 in accordance with the provisions of articles 12 and 12-A of the town 9 law and the provisions of this act. To the extent that the provisions of 10 this act shall in any way be in conflict with articles 12 and 12-A of 11 the town law, the provisions of this act shall be controlling. 12 § 2. The town of Monroe is authorized to issue bonds or notes in 13 accordance with the local finance law to finance the costs of certain 14 capital improvements made by such town at the time such town acquired 15 the water system that is currently operated within water district number 16 14. The issuance of said bonds or notes shall not be subject to the 17 approval of the state comptroller. 18 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14271-01-4