Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 18, 2012 |
signed chap.255 |
Jul 06, 2012 |
delivered to governor |
Jun 14, 2012 |
returned to senate passed assembly ordered to third reading rules cal.211 substituted for a9692 |
Jun 14, 2012 |
substituted by s7555 rules report cal.211 reported |
Jun 11, 2012 |
reported referred to rules |
May 01, 2012 |
reported referred to ways and means |
Mar 23, 2012 |
referred to local governments |
Assembly Bill A9692
Signed By Governor2011-2012 Legislative Session
Sponsored By
MAGNARELLI
Archive: Last Bill Status Via S7555 - 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
Actions
Votes
2011-A9692 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7555
- Law Section:
- Local Finance Law
- Laws Affected:
- Amd §§10.10 & 20.00, Loc Fin L; amd §14, Chap 386 of 2010
2011-A9692 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9692 I N A S S E M B L Y March 23, 2012 ___________ Introduced by M. of A. MAGNARELLI -- (at request of the State Comp- troller) -- read once and referred to the Committee on Local Govern- ments AN ACT to amend the local finance law, in relation to making technical amendments to the time frame within which a governing board of the municipality or school district authorized to incur debt to finance a deficit may make adjustments to its proposed budget; updating the list of types of obligations which may be issued by municipalities, school districts or district corporations; and to amend chapter 386 of the laws of 2010, amending the local finance law relating to the private sale of bonds, in relation to eliminating the expiration and repeal of such provisions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph d of section 10.10 of the local finance law, as added by chapter 341 of the laws of 2007, is amended to read as follows: d. beginning with the fiscal year during which the municipality or school district is authorized to incur debt to finance the deficit, to and including the last fiscal year during which such debt or any debt incurred to refund such debt is outstanding, the chief executive officer or other individual or individuals responsible for the preparation of the tentative budget, or in the case of a town, the preliminary budget, shall submit the tentative or preliminary budget for the next succeeding fiscal year to the state comptroller and, in the case of a school district, also to the commissioner of education, no later than thirty days before the date scheduled for the governing board's vote on the adoption of the final budget or the last date on which the budget may be finally adopted, whichever is sooner. The state comptroller and, in the case of a school district, the commissioner of education, shall examine such proposed budget and make such recommendations as deemed appropriate thereon to the municipality or school district prior to the adoption of the budget, but no later than ten days before the date scheduled for the governing board's vote on the adoption of the final budget or the last date on which the budget must be adopted, whichever is sooner. Such EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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