Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to local government |
Oct 23, 2009 |
print number 2520a |
Oct 23, 2009 |
amend and recommit to local government |
Feb 23, 2009 |
referred to local government |
Senate Bill S2520
2009-2010 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Local Government Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
(R) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
2009-S2520 - Details
- Current Committee:
- Senate Local Government
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §6-p, Gen Muni L
- Versions Introduced in 2011-2012 Legislative Session:
-
S1935
2009-S2520 - Sponsor Memo
BILL NUMBER: S8787 TITLE OF BILL : An act to amend the general municipal law, in relation to the employee benefit accrued liability reserve fund PURPOSE : To allow school districts and other municipal corporations to reduce real property taxes by utilizing excess funds held in Employee Benefit Accrued Liability Reserve funds established by Section 6-p of the General Municipal Law. SUMMARY OF PROVISIONS : After audit and certification by the comptroller, that there are funds held in a reserve fund established pursuant to Section 6-p of the General Municipal Law in excess of those required to meet liabilities, a governing board may use those excess funds to reduce real property taxes. EXISTING LAW : The reserve fund established by Section 6-p of the General Municipal
2009-S2520 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2520 2009-2010 Regular Sessions I N S E N A T E February 23, 2009 ___________ Introduced by Sens. LAVALLE, FUSCHILLO, O. JOHNSON -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the general municipal law, in relation to the employee benefit accrued liability reserve fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 6-p of the general municipal law is amended by adding a new subdivision 10 to read as follows: 10. IF AFTER AUDIT AND CERTIFICATION BY THE STATE COMPTROLLER THAT THERE ARE FUNDS IN EXCESS OF THOSE REQUIRED TO SATISFY LIABILITIES, THOSE EXCESS FUNDS MAY BE TRANSFERRED TO THE GENERAL FUND FOR THE SOLE PURPOSE OF REAL PROPERTY TAX REDUCTION. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07848-01-9
co-Sponsors
(R) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
2009-S2520A (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §6-p, Gen Muni L
- Versions Introduced in 2011-2012 Legislative Session:
-
S1935
2009-S2520A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2520A TITLE OF BILL : An act to amend the general municipal law, in relation to the employee benefit accrued liability reserve fund PURPOSE : To allow school districts and other municipal corporations to reduce real property taxes by utilizing excess funds held in Employee Benefit Accrued Liability Reserve funds established by Section 6-p of the General Municipal Law. SUMMARY OF PROVISIONS : After audit and certification by the comptroller, that there are funds held in a reserve fund established pursuant to Section 6-p of the General Municipal Law in excess of those required to meet liabilities, a governing board may use those excess funds to reduce real property taxes and/or voter approved capital projects. EXISTING LAW : The reserve fund established by Section 6-p of the General Municipal Law restricts expenditures solely to compensated absences liabilities. There are no provisions in the present statute to deal with fund balances that exceed the amount needed to satisfy liabilities.
2009-S2520A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2520--A 2009-2010 Regular Sessions I N S E N A T E February 23, 2009 ___________ Introduced by Sens. LAVALLE, FUSCHILLO, HANNON, O. JOHNSON, YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the general municipal law, in relation to the employee benefit accrued liability reserve fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 6-p of the general municipal law is amended by adding a new subdivision 10 to read as follows: 10. IF AFTER AUDIT AND CERTIFICATION BY THE STATE COMPTROLLER THAT THERE ARE FUNDS IN EXCESS OF THOSE REQUIRED TO SATISFY LIABILITIES, THOSE EXCESS FUNDS MAY BE TRANSFERRED TO THE GENERAL FUND FOR THE PURPOSE OF REAL PROPERTY TAX REDUCTION AND/OR VOTER APPROVED CAPITAL PROJECTS. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07848-03-9
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