Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bayshore board authorizes $35 million bond anticipation note and approves related budget revision to cover Child Victims Act settlements
Summary
The Bayshore Board of Education voted to authorize up to $35 million in bonds and any related bond anticipation notes to finance settled claims under the New York Child Victims Act and approved a corresponding budget revision; both measures carried without recorded roll-call tallies.
The Bayshore Board of Education on the night of the special public session voted to authorize up to $35,000,000 in bonds and any bond anticipation notes issued in anticipation of those bonds to finance the payment of settled claims arising from litigation commenced under the New York Child Victims Act.
The board then approved a budget revision to account for the $35,000,000 bond anticipation note and related expenditures. Board members voted in favor of both motions; each motion was seconded and the chair called for the ayes and declared the motions carried.
The measures were presented by a district staff member during the special session. The motions were described in the agenda as: “authorize the issuance of $35,000,000 in bonds and any bond…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
