Senate Bill S8592

2023-2024 Legislative Session

Includes the city of New York in the aid and incentives for municipalities program

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance 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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2023-S8592 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Amd §54, St Fin L

2023-S8592 (ACTIVE) - Summary

Includes the city of New York in the aid and incentives for municipalities program for fiscal years beginning 4/1/2024 and thereafter.

2023-S8592 (ACTIVE) - Sponsor Memo

2023-S8592 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8592
 
                             I N  S E N A T E
 
                             February 20, 2024
                                ___________
 
 Introduced  by Sens. SEPULVEDA, JACKSON, LANZA -- read twice and ordered
   printed, and when printed to be committed to the Committee on Finance
 
 AN ACT to amend the state finance law, in relation to including the city
   of New York in the aid and incentives for municipalities program
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  The opening paragraph of paragraph j of subdivision 10 of
 section 54 of the state finance law, as amended by section 4 of  part  I
 of chapter 57 of the law of 2011, is amended to read as follows:
   In  the state fiscal year commencing April first, two thousand seven a
 city with a population of one  million  or  more  shall  receive  twenty
 million  dollars  on  or  before December fifteenth. In the state fiscal
 year commencing April first, two thousand eight, a  city  with  a  popu-
 lation  of  one  million  or  more  shall receive two hundred forty-five
 million nine  hundred  forty-four  thousand  eight  hundred  thirty-four
 dollars  payable  on  or  before December fifteenth. In the state fiscal
 [year] YEARS commencing April first, two thousand nine, AND APRIL FIRST,
 TWO THOUSAND TWENTY-FOUR AND IN EACH STATE  FISCAL  YEAR  THEREAFTER,  a
 city  with  a  population  of  one  million  or more shall receive three
 hundred one million six hundred fifty-eight thousand four hundred  nine-
 ty-five dollars payable on or before December fifteenth. Special aid and
 incentives  for  municipalities  to the city of New York shall be appor-
 tioned and paid as required as follows:
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14472-01-4

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