New York S 10129: Extends the authorization of the city of Dunkirk to issue bonds and requires such city to adhere to all collective bargaining agreements entered into

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S10129 Summary:

BILL NOS10129A

&nbsp

SAME ASSAME AS A11232-A

&nbsp

SPONSORBORRELLO

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Amd Part DD §§3, 11, 2 & 17, add §15-a, Chap 56 of 2024

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Extends the authorization of the city of Dunkirk to issue bonds under the city of Dunkirk fiscal recovery act until 2026; requires the city of Dunkirk to adhere to all collective bargaining agreements entered into; directs the city to adopt a local law approving the city of Dunkirk fiscal recovery act; provides that if the city treasurer position is no longer active, the mayor of the city of Dunkirk shall handle the requirements of the former city treasurer.

Go to top S10129 Actions:

BILL NOS10129A

&nbsp

04/30/2026REFERRED TO CITIES 2

05/12/2026AMEND (T) AND RECOMMIT TO CITIES 2

05/12/2026PRINT NUMBER 10129A

Go to topS10129 Committee&nbspVotes:

Go to topS10129 Floor&nbspVotes:

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

Go to topS10129 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10129--A

 IN SENATE

 April 30, 2026
 ___________

 Introduced by Sen. BORRELLO -- read twice and ordered printed, and when
 printed to be committed to the Committee on Cities 2 -- committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee

 AN ACT to amend part DD of chapter 56 of the laws of 2024 relating to
 the city of Dunkirk fiscal recovery act, in relation to extending the
 authorization of the city of Dunkirk to issue bonds and requiring the
 city of Dunkirk to adhere to all collective bargaining agreements
 entered into

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

 1 Section 1. Sections 3 and 11 of part DD of chapter 56 of the laws of
 2 2024 relating to the city of Dunkirk fiscal recovery act, are amended to
 3 read as follows:
 4 § 3. Deficit bond and deficit note issuance authorization. The city is
 5 hereby authorized to issue bonds, subject to the provisions of this act,
 6 on or before December 31, [2025] 2026, in an aggregate principal amount
 7 not to exceed eighteen million five hundred thousand dollars
 8 ($18,500,000) (exclusive of the costs and expenses incidental to the
 9 issuance of the bonds authorized to be issued by this section) for the
 10 specific object or purpose of liquidating actual deficits in its general
 11 fund, water fund, sewer fund, and the capital projects fund existing at
 12 the close of its 2024 fiscal year. In anticipation of the issuance of
 13 such bonds, deficit notes are hereby authorized to be issued.
 14 § 11. Private sale of bonds authorized. To facilitate the marketing of
 15 (a) deficit bonds, (b) any bonds issued to refund such deficit bonds,
 16 and (c) any other bonds to be issued on or before December 31, [2025]
 17 2026, the city may, notwithstanding any limitation on the private sales
 18 of bonds provided by law and subject to the approval of the state comp-
 19 troller of the terms and conditions of such sales:
 20 (1) arrange for the underwriting of such bonds at private sale through
 21 negotiated fees or by sale of such bonds to an underwriter; or

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08077-04-6

 S. 10129--A 2

 1 (2) arrange for the private sale of such bonds through negotiated
 2 agreement, with compensation for such sales to be provided by negotiated
 3 agreement and/or negotiated fee, if required.
 4 The cost of such underwriting or private placement shall be deemed to
 5 be a preliminary cost for purposes of section 11.00 of the local finance
 6 law.
 7 § 2. Subdivision (c) of section 2 of part DD of chapter 56 of the laws
 8 of 2024 relating to the city of Dunkirk fiscal recovery act, is amended
 9 to read as follows:
 10 (c) "City treasurer" means the treasurer of the city. In the event
 11 the city consolidates the office of city treasurer with another city
 12 position, or the city creates a new position to handle the duties of the
 13 city treasurer, or the city eliminates the city treasurer position from
 14 the city charter, the required acts of the city treasurer pursuant to
 15 this act shall be fulfilled by the office of the mayor.
 16 § 3. Part DD of