Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 22, 2010 |
referred to rules |
Senate Bill S8513
2009-2010 Legislative Session
Sponsored By
(D, WF) 35th Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
2009-S8513 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A11725
- Current Committee:
- Senate Rules
- Law Section:
- Westchester County
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S2374, A3403
2013-2014: A3852
2009-S8513 (ACTIVE) - Sponsor Memo
BILL NUMBER:S8513 TITLE OF BILL: An act to authorize the county of Westchester to issue serial bonds to finance certain payments over a period of five years PURPOSE OR GENERAL IDEA OF BILL: This bill will allow Westchester County the option to issue bonds to fund the cost of the 2010 Early Retirement Incentive. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill authorizes the county of Westchester to issue serial bonds in an aggregate principal amount to be determined by the Westchester County Board of Legislators, for a period of probable usefulness not to exceed five years which shall apply to the specific object or purpose of payment, by the County of Westchester, of all costs associated with or related to the 2010 Early Retirement Incentive. Section 2 is the effective date. JUSTIFICATION: On June 25, 2010, the Westchester County Board of Legislators passed Local Law No. 10 and Local Law 12 of 2010, which authorized Westchester County and Westchester County Community College to opt into the State's retirement incentive program in order to achieve maximum savings for county taxpayers.
2009-S8513 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8513 I N S E N A T E November 22, 2010 ___________ Introduced by Sen. STEWART-COUSINS -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to authorize the county of Westchester to issue serial bonds to finance certain payments over a period of five years THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The county of Westchester is hereby authorized to issue serial bonds in an aggregate principal amount to be determined by the Westchester county board of legislators, for a period of probable usefulness not to exceed five years, which shall apply to the specific object or purpose of payment, by the county of Westchester, of all costs associated with or related to the 2010 Early Retirement Incentive. In anticipation of the issuance and sale of such serial bonds, bond antic- ipation notes are hereby authorized to be issued. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD18270-01-0
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