Authorizes the town of Massena to issue bonds to cover the cost of pension contributions due by the town for employees of the former Massena Memorial Hospital.
Summary
Bill A00047 authorizes the town of Massena, located in St. Lawrence County, New York, to issue serial bonds up to a total of five million dollars. The purpose of these bonds is to cover pension contributions owed by the town for employees of the former Massena Memorial Hospital. The bill outlines that the town board can levy a tax to ensure the repayment of the bonds and their interest, with a declared period of usefulness for the bonds set at thirty years. The bill aims to address financial deficits in the town's general fund as certified by the state comptroller.
Impact
If enacted, this bill will allow the town of Massena to manage its financial obligations related to pension contributions effectively. It provides a mechanism for the town to issue bonds, which is a significant financial tool that can help stabilize the town's finances and ensure that pension obligations are met. This could set a precedent for other towns facing similar financial challenges, as it provides a legal framework for issuing bonds for specific public purposes.
Sentiment
The sentiment surrounding Bill A00047 appears to be neutral to positive, as it addresses a specific financial need for the town of Massena without significant opposition noted in the available discussions or voting history. The bill is seen as a necessary step to manage pension liabilities and maintain fiscal responsibility within the town.
Contention
There are no notable points of contention reported in the discussions or voting history regarding Bill A00047. The bill seems to have garnered support as a practical solution to a financial issue faced by the town, with no significant opposition or debate recorded.
Same As
Authorizes the town of Massena to issue bonds to cover the cost of pension contributions due by the town for employees of the former Massena Memorial Hospital.
Authorizes the town of Massena to issue bonds to cover the cost of pension contributions due by the town for employees of the former Massena Memorial Hospital.
Authorizes the town of Massena to issue bonds to cover the cost of pension contributions due by the town for employees of the former Massena Memorial Hospital.
Ratifies and confirms the creation of water district number 14 of the town of Monroe, made up of the water system previously owned and operated by Orchard Hill Water Company and which has been owned and operated by the town of Monroe by mandate from the public service commission since 2013; authorizes the issuance of bonds or notes by such town to finance certain inter-fund borrowings by such water district.
Ratifies and confirms the creation of water district number 14 of the town of Monroe, made up of the water system previously owned and operated by Orchard Hill Water Company and which has been owned and operated by the town of Monroe by mandate from the public service commission since 2013; authorizes the issuance of bonds or notes by such town to finance certain inter-fund borrowings by such water district.
Authorizing the University of Massachusetts Building Authority to purchase and construct a hospital in the town of Norwood to be operated by UMass Memorial Health Care, Inc
Authorizing the University of Massachusetts Building Authority to purchase and construct a hospital in the town of Norwood to be operated by UMass Memorial Health Care, Inc