Assembly Bill A4586

Signed By Governor
2015-2016 Legislative Session

Provides that the period of probable usefulness of the installation or reconstruction of a heating system is 15 years for purposes of local financing

download bill text pdf

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Archive: Last Bill Status - Signed by Governor

  • 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-A4586 (ACTIVE) - Details

See Senate Version of this Bill:
S2907
Law Section:
Local Finance Law
Laws Affected:
Amd ยง11.00, Loc Fin L
Versions Introduced in 2013-2014 Legislative Session:
A10052, S7584

2015-A4586 (ACTIVE) - Summary

Provides that the period of probable usefulness of the installation or reconstruction of a heating system is 15 years for purposes of local financing.

2015-A4586 (ACTIVE) - Bill Text download pdf 

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

                                  4586

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 3, 2015
                               ___________

Introduced  by  M. of A. McDONALD, STEC -- read once and referred to the
  Committee on Local Governments

AN ACT to amend the local finance law, in  relation  to  the  period  of
  probable usefulness of heating systems

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

  Section 1. Subdivision 13 of paragraph a of section 11.00 of the local
finance law, as amended by chapter 837 of the laws of 1945,  is  amended
to read as follows:
  13.  Certain  building alterations. The installation or reconstruction
of a [heating,] lighting, plumbing, ventilating, elevator or power plant
or system in a  building  when  not  in  connection  with  the  original
construction  or  the reconstruction of such building, in a class "A" or
"B" building, ten years; in a class  "C"  building,  five  years.    THE
INSTALLATION  OR  RECONSTRUCTION  OF A HEATING SYSTEM IN A BUILDING WHEN
NOT IN CONNECTION WITH THE ORIGINAL CONSTRUCTION OR  THE  RECONSTRUCTION
OF SUCH BUILDING IN A CLASS "A", "B" OR "C" BUILDING, FIFTEEN YEARS. The
terms  "class  'A' building," "class 'B' building" and "class 'C' build-
ing," as used in this subdivision, shall mean such buildings as they are
described in subdivision eleven of this paragraph.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06298-02-5

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