Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 13, 2010 |
vetoed memo.6836 |
Dec 01, 2010 |
delivered to governor |
Jun 29, 2010 |
returned to senate passed assembly ordered to third reading rules cal.449 substituted for a10341 |
Jun 02, 2010 |
referred to ways and means |
Jun 01, 2010 |
delivered to assembly passed senate |
May 25, 2010 |
advanced to third reading |
May 24, 2010 |
2nd report cal. |
May 18, 2010 |
1st report cal.566 |
Mar 24, 2010 |
reported and committed to finance |
Feb 16, 2010 |
referred to corporations, authorities and commissions |
Senate Bill S6848
Vetoed By Governor2009-2010 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
2009-S6848 (ACTIVE) - Details
2009-S6848 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6848 TITLE OF BILL : An act to amend the public authorities law, in relation to the Buffalo Fiscal Stability Authority (BFSA) financial crisis determinations PURPOSE : Clarifies the determination of an advisory period by the Buffalo Fiscal Stability Authority (BFSA). SUMMARY OF PROVISIONS : This bill clarifies that the wage freeze is not authority assistance for determining the end of a control period and the beginning of an advisory period. EXISTING LAW : Section 1 of the bill amends Subdivision one of Section 3851 of the Public Authorities Law to clarify that the definition of BFSA assistance for determination of the transition to an advisory period is governed by Subdivision three of Section 3851. It amends Subdivision three of section 3851 of the Public Authorities Law and stipulates that anything not specified in the definition of BFSA assistance shall not be construed as BFSA assistance. JUSTIFICATION : The fiscal crisis for the City of Buffalo has abated as demonstrated
2009-S6848 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6848 I N S E N A T E February 16, 2010 ___________ Introduced by Sen. THOMPSON -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to the Buffalo Fiscal Stability Authority (BFSA) financial crisis determinations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 1 and 3 of section 3851 of the public authori- ties law, as added by chapter 122 of the laws of 2003, are amended to read as follows: 1. "Advisory period" means that period no earlier than July first, two thousand six, after which the authority has determined that (a) for each of the three immediately preceding city fiscal years, the city has adopted and adhered to budgets covering all expenditures, other than capital items, the results of which did not show a deficit, without the use of any [authority] BFSA assistance, as provided for under SUBDIVI- SION ONE OF section thirty-eight hundred fifty-seven of this title, when reported in accordance with generally accepted accounting principles and (b) the comptroller and the state comptroller jointly certify that secu- rities were sold by the city during the immediately preceding city fiscal year in the general public market and that there is a substantial likelihood that such securities can be sold by the city in the general public market from such date through the end of the next succeeding city fiscal year in amounts that will satisfy substantially all of the capi- tal and cash flow requirements of the city during that period in accord- ance with the financial plan then in existence. The joint certification made by the comptroller and the state comptroller shall be based on their separate written determinations which may take into account a report and opinion of an independent expert in the marketing of securi- ties selected by the authority as well as other information available to the comptrollers. Once begun, an advisory period shall continue through June thirtieth, two thousand thirty-seven unless a control period is imposed. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11598-01-9
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