New York A 11232: 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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A11232 Summary:

BILL NOA11232A

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SAME ASSAME AS S10129-A

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SPONSORMolitor

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COSPNSR

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MLTSPNSR

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Amd Part DD §§3, 11, 2 & 17, add §15-a, Chap 56 of 2004

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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to adopt a local law approving the city of Dunkirk fiscal recovery act; provides that if the city treasurer position is no longer active, the mayor of the city of Dunkirk shall handle the requirements of the former city treasurer.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 A11232 Actions:

BILL NOA11232A

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05/01/2026referred to cities

05/12/2026amend (t) and recommit to cities

05/12/2026print number 11232a

Go to topA11232 Committee&nbspVotes:

Go to topA11232 Floor&nbspVotes:

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

Go to topA11232 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 11232--A

 IN ASSEMBLY

 May 1, 2026
 ___________

 Introduced by M. of A. MOLITOR -- read once and referred to the Commit-
 tee on Cities -- 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
 22 (2) arrange for the private sale of such bonds through negotiated
 23 agreement, with compensation for such sales to be provided by negotiated
 24 agreement and/or negotiated fee, if required.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08077-05-6

 A. 11232--A 2

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