Assembly Bill A5101

2015-2016 Legislative Session

Relates to prompt payments to counties by the state

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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

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2015-A5101 (ACTIVE) - Details

See Senate Version of this Bill:
S3332
Current Committee:
Assembly Governmental Operations
Law Section:
State Finance Law
Laws Affected:
Amd ยง179-f, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9519, S5909
2013-2014: A4907, S3695
2017-2018: A4823, S869
2019-2020: A4890
2021-2022: A4206
2023-2024: A1400

2015-A5101 (ACTIVE) - Summary

Relates to prompt payments to counties by the state.

2015-A5101 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5101

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 12, 2015
                               ___________

Introduced  by  M.  of  A.  BLANKENBUSH, GRAF, DiPIETRO, HAWLEY, CROUCH,
  BUTLER, DUPREY, BRABENEC -- Multi-Sponsored by -- M.  of  A.  CERETTO,
  LOPEZ,  LUPINACCI,  OAKS -- read once and referred to the Committee on
  Governmental Operations

AN ACT to amend the state finance law, in relation to prompt payment  to
  counties from the state

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 1 of section 179-f of the state finance law, as
amended by chapter 332 of the laws  of  1989,  is  amended  to  read  as
follows:
  1.  Each  state  agency which is required to make a payment from state
funds pursuant to a contract and  which  does  not  make  such  contract
payment  by  the required payment date shall make an interest payment to
the contractor OR COUNTY GOVERNMENT in accordance with this article,  OR
OTHER  PROVISIONS OF LAW, on the amount of the contract payment which is
due, unless failure to make such contract payment is  the  result  of  a
lien,  attachment,  or  other  legal  process against the money due said
contractor OR COUNTY GOVERNMENT, or unless the amount  of  the  interest
payment  as  computed  in  accordance with the provisions of section one
hundred seventy-nine-g of this article is less than ten dollars.  A  pro
rata  share  of such interest shall be paid by the contractor or subcon-
tractor, as the case may be, to  subcontractors  and  materialmen  in  a
proportion  equal  to  the  percentage  of  their  pro rata share of the
contract payment. Such pro rata share of interest shall be due  to  such
subcontractors  and  materialmen  only  for those payments which are not
paid to such subcontractors and materialmen prior to the date upon which
interest begins to accrue between the state agency and  the  contractor.
Such  pro  rata  share  of  interest  shall be computed daily until such
payments are made to the subcontractors and materialmen.
  S 2. This act shall take effect on the ninetieth day  after  it  shall
have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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