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Legislature debates UCRA service agreement amendment; counsel proposes notice at $40 million bond threshold
Summary
Legislative counsel circulated amendment language giving the legislature notice and a chance to oppose UCRA bond issuances above $40 million; members debated whether the change gives meaningful oversight, and the committee postponed a formal vote on the service agreement to allow more review.
Legislative counsel presented proposed language on July 1 to amend the Ulster County Resource Recovery Agency service agreement so the legislature would receive written notice if the agency intends to issue bonds above $40 million and would have an opportunity to register opposition.
The counsel explained the $40 million figure was drawn from the contract language in a 1992 agreement; when adjusted for inflation to 2025 dollars it is roughly $91 million, but counsel said the amendment would keep the numeric threshold at $40 million to align with prior contractual language. Under the draft amendment, the agency…
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