File #: Res 1414-2000    Version: * Name: Capital Projects, Debt Certificate
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 6/6/2000
Enactment date: Law number:
Title: RESOLUTION CONCURRING IN A COMMUNICATION FROM THE MAYOR TRANSMITTING THE CERTIFICATE SETTING FORTH THE MAXIMUM AMOUNT OF DEBT AND RESERVES WHICH THE CITY, THE NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY, THE NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY, THE NEW YORK STATE DORMITORY AUTHORITY AND THE NEW YORK CITY HEALTH AND HOSPITALS CORPORATION MAY SOUNDLY INCUR FOR CAPITAL PROJECTS FOR FISCAL YEAR 2001 AND THE ENSUING THREE FISCAL YEARS, AND THE MAXIMUM AMOUNT OF APPROPRIATIONS AND EXPENDITURES FOR CAPITAL PROJECTS WHICH MAY SOUNDLY BE MADE DURING EACH FISCAL YEAR, PURSUANT TO SECTION 250 (16) OF THE NY CITY CHARTER.
Sponsors: Herbert E. Berman
Council Member Sponsors: 1
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/6/2000*Herbert E. Berman City Council Approved, by CouncilPass Action details Meeting details Not available
6/6/2000*Herbert E. Berman City Council Introduced by Council  Action details Meeting details Not available
6/6/2000*Herbert E. Berman Committee on Finance Hearing on P-C Item by Comm  Action details Meeting details Not available
6/6/2000*Herbert E. Berman Committee on Finance P-C Item Approved by CommPass Action details Meeting details Not available
Res. No. 1414 Title RESOLUTION CONCURRING IN A COMMUNICATION FROM THE MAYOR TRANSMITTING THE CERTIFICATE SETTING FORTH THE MAXIMUM AMOUNT OF DEBT AND RESERVES WHICH THE CITY, THE NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY, THE NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY, THE NEW YORK STATE DORMITORY AUTHORITY AND THE NEW YORK CITY HEALTH AND HOSPITALS CORPORATION MAY SOUNDLY INCUR FOR CAPITAL PROJECTS FOR FISCAL YEAR 2001 AND THE ENSUING THREE FISCAL YEARS, AND THE MAXIMUM AMOUNT OF APPROPRIATIONS AND EXPENDITURES FOR CAPITAL PROJECTS WHICH MAY SOUNDLY BE MADE DURING EACH FISCAL YEAR, PURSUANT TO SECTION 250 (16) OF THE NY CITY CHARTER. Body By Council Member Berman, Whereas, On April 25, 2000 pursuant to Section 250(16) of the Charter of the City of New York ("the Charter") the Mayor of the City of New York (the "Mayor") submitted to the Council of the City of New York (the "Council"), a certificate setting forth the maximum amount of debt and reserves which, in the Mayor's opinion, the City may soundly incur for capital projects during the ensuing fiscal year and during each of the following three fiscal years, and the maximum amount of appropriations and expenditures for capital projects which the City, given such maximum amount of debt and reserves, may soundly make during each such fiscal year. Resolved, That the Council concurs with the certificate transmitted by the Mayor setting forth the maximum amount of debt & reserves which the City, the New York City Transitional Finance Authority, the New York City Municipal Water Finance Authority, the New York State Dormitory Authority and the New York City Health and Hospitals Corporation may soundly incur for capital projects for Fiscal Year 2001 and the ensuing three fiscal years, and the maximum amount of appropriations and expenditures for capital projects which may soundly be made during each fiscal year, pursuant to Section 250 (16) of the NY City Charter.