Authorizes the city of Little Falls to issue bonds to liquidate deficits in its general, golf, and water funds.

The bill authorizes the city of Little Falls in Herkimer County to issue serial bonds up to $3,400,000 to liquidate deficits in its general, golf, and water funds. It also mandates the city to prepare quarterly budget reports, quarterly trial balances, and a three-year financial plan. The state comptroller can review and recommend on the affordability of the bond issuance. The city must notify the state comptroller before issuing bonds or entering into installment purchase contracts.

Authorizes the city of Little Falls to issue bonds to liquidate deficits in its general, golf, and water funds.

The bill authorizes the city of Little Falls in Herkimer County to issue serial bonds up to $3,400,000 to liquidate deficits in its general, golf, and water funds. It also mandates the city to prepare quarterly budget reports, quarterly trial balances, and a three-year financial plan. The state comptroller can review and recommend on the affordability of the bond issuance. The city must notify the state comptroller before issuing bonds or entering into installment purchase contracts.