Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 12, 2012 |
referred to finance |
Senate Bill S6205
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last 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
Actions
2011-S6205 (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Add ยง16-a, St Fin L
- Versions Introduced in 2013-2014 Legislative Session:
-
S2010
2011-S6205 (ACTIVE) - Summary
Relates to interest and collection fees assessed on debts owed by the state to municipalities; requires payment for debt to be made on or before the thirtieth day following receipt of any billing invoice or notice sent by the municipality; the rate shall be calculated based on the underpayment rate minus four percentage points; provides exceptions where more information is required, funds are being provided by another entity and they have not been received by the state or the expenditure has not been approved by the state.
2011-S6205 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6205 TITLE OF BILL: An act to amend the state finance law, in relation to interest and collection fees assessed on debts owed by the state to municipalities PURPOSE: This bill would entitle municipalities to interest and collection fees when the state fails to pay amounts due within thirty days after submission of bills. SUMMARY OF PROVISIONS: Section 1 creates a new section 16-a of the State Finance Law. 1. includes definitions 2. relates to submitting a bill from a municipality to the state 3. provides that the State shall pay such bill within thirty days after receiving a bill from a municipality. 4. provides that except under certain circumstances, interest will be due if payment is not made within thirty days. 5. provides that State will be liable for costs of collection if payment is not made within thirty days 6. provides that interest and late payment charges will be paid upon notice to State 7. directs the Director of Budget to promulgate any necessary
2011-S6205 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6205 I N S E N A T E January 12, 2012 ___________ Introduced by Sen. RANZENHOFER -- 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 interest and collection fees assessed on debts owed by the state to municipalities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The state finance law is amended by adding a new section 16-a to read as follows: S 16-A. INTEREST AND COLLECTION FEES ASSESSED ON DEBTS OWED BY THE STATE TO MUNICIPALITIES. 1. AS USED IN THIS SECTION: (A) "STATE" SHALL MEAN ANY STATE DEPARTMENT, BOARD, BUREAU, DIVISION, COMMISSION, COMMIT- TEE, PUBLIC AUTHORITY, PUBLIC BENEFIT CORPORATION, COUNCIL, OFFICE, OR OTHER GOVERNMENTAL ENTITY PERFORMING A GOVERNMENTAL OR PROPRIETARY FUNC- TION FOR THE STATE; (B) "MUNICIPALITY" SHALL MEAN A COUNTY, TOWN, VILLAGE OR SCHOOL DISTRICT AND ANY DEPARTMENT, BOARD, BUREAU, DIVISION, COMMISSION, COMMITTEE, PUBLIC BENEFIT CORPORATION, COUNCIL, OFFICE OR OTHER GOVERNMENTAL ENTITY PERFORMING A GOVERNMENTAL OR PROPRIETARY FUNC- TION FOR SUCH COUNTY, TOWN, VILLAGE OR SCHOOL DISTRICT; (C) "DEBT" SHALL MEAN ANY LIQUIDATED SUM DUE AND OWING ANY MUNICIPALITY BY THE STATE WHICH HAS ACCRUED PURSUANT TO LAW OR THROUGH CONTRACT SUBROGATION, TORT OR OTHER CAUSE OF ACTION, REGARDLESS OF WHETHER THERE IS AN OUTSTANDING JUDGMENT FOR THAT SUM; (D) "LIQUIDATED" SHALL MEAN AN AMOUNT WHICH IS FIXED OR CERTAIN OR CAPABLE OF BEING READILY CALCULATED, WHETHER OR NOT THE UNDERLYING LIABILITY OR AMOUNT OF THE DEBT IS DISPUTED; AND (E) "OUTSTANDING DEBT" SHALL MEAN THE AMOUNT SET FORTH IN THE BILLING INVOICE OR NOTICE MAILED TO THE STATE, TOGETHER WITH LATE PAYMENT CHARG- ES AND INTEREST, LESS ANY PAYMENTS MADE BY OR ON BEHALF OF THE DEBTOR. 2. FOR THE PURPOSES OF THIS SECTION, A MUNICIPALITY SHALL MAIL, OR OTHERWISE NOTIFY AS MAY BE PERMITTED OR REQUIRED BY CONTRACT BETWEEN THE MUNICIPALITY AND THE STATE, A DATED BILLING INVOICE OR NOTICE TO THE STATE ON OR ABOUT THE DAY IT IS DATED, AND RECEIPT BY THE DEBTOR OF A BILLING INVOICE OR NOTICE IS DEEMED TO HAVE OCCURRED FIVE DAYS AFTER ITS DATE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13607-01-1
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