New York S 433: Provides for additional remedies for patients' private right of actions in residential health care facilities

Bill Text

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S00433 Summary:

BILL NOS00433 

&nbsp

SAME ASSAME AS A05298

&nbsp

SPONSORSTEWART-COUSINS

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §54.40, Loc Fin L

&nbsp

Extends certain provisions relating to bonds and notes of the city of Yonkers until June 30, 2026.

Go to top S00433 Actions:

BILL NOS00433 

&nbsp

01/08/2025REFERRED TO CITIES 2

05/12/20251ST REPORT CAL.997

05/13/20252ND REPORT CAL.

05/14/2025ADVANCED TO THIRD READING 

05/28/2025SUBSTITUTED BY A5298

&nbspA05298 AMEND= Pretlow

&nbsp02/12/2025referred to cities

&nbsp05/06/2025reported referred to ways and means

&nbsp05/20/2025reported referred to rules

&nbsp05/21/2025reported 

&nbsp05/21/2025rules report cal.217

&nbsp05/21/2025ordered to third reading rules cal.217

&nbsp05/21/2025home rule request

&nbsp05/21/2025passed assembly

&nbsp05/21/2025delivered to senate

&nbsp05/21/2025REFERRED TO CITIES 2

&nbsp05/28/2025SUBSTITUTED FOR S433

&nbsp05/28/20253RD READING CAL.997

&nbsp05/28/2025PASSED SENATE

&nbsp05/28/2025RETURNED TO ASSEMBLY

&nbsp06/18/2025delivered to governor

&nbsp06/18/2025signed chap.136

Go to topS00433 Committee&nbspVotes:

Go to topS00433 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00433 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 433

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. STEWART-COUSINS -- read twice and ordered printed,
 and when printed to be committed to the Committee on Cities 2

 AN ACT to amend the local finance law, in relation to bonds and notes of
 the city of Yonkers

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 54.40 of the local finance law, as amended by chap-
 2 ter 131 of the laws of 2024, is amended to read as follows:
 3 § 54.40 Bonds and notes of the city of Yonkers. Subject to the
 4 provisions of the New York state financial emergency act of nineteen
 5 hundred eighty-four for the city of Yonkers, to facilitate the marketing
 6 of any issue of serial bonds or notes of the city of Yonkers issued on
 7 or before June thirtieth, two thousand [twenty-five] twenty-six, such
 8 city may, notwithstanding any limitations on private sales of bonds
 9 provided by law, and subject to approval by the state comptroller of the
 10 terms and conditions of such sale: (a) arrange for the underwriting of
 11 its bonds or notes at private sale through negotiated agreement, compen-
 12 sation for such underwriting to be provided by negotiated fee or by sale
 13 of such bonds or notes to an underwriter at a price of less than the sum
 14 of par value of, and the accrued interest on, such obligations; or (b)
 15 arrange for the private sale of its bonds or notes through negotiated
 16 agreement, compensation for such sales to be provided by negotiated fee,
 17 if required. The cost of such underwriting or private placement shall be
 18 deemed a preliminary cost for purposes of section 11.00 of this article.
 19 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01402-01-5

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