Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 21, 2014 |
vetoed memo.518 |
Nov 10, 2014 |
delivered to governor |
Jun 11, 2014 |
returned to senate passed assembly ordered to third reading rules cal.182 substituted for a8964 |
Jun 11, 2014 |
substituted by s6482 rules report cal.182 reported |
Jun 09, 2014 |
reported referred to rules |
Jun 03, 2014 |
reported referred to ways and means |
Mar 04, 2014 |
referred to governmental operations |
Assembly Bill A8964
Vetoed By Governor2013-2014 Legislative Session
Sponsored By
ENGLEBRIGHT
Archive: Last Bill Status Via S6482 - 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
co-Sponsors
Crystal Peoples-Stokes
2013-A8964 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6482
- Law Section:
- State Finance Law
- Laws Affected:
- Amd ยง179-v, St Fin L
2013-A8964 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8964 I N A S S E M B L Y March 4, 2014 ___________ Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Governmental Operations AN ACT to amend the state finance law, in relation to the payment of interest due to not-for-profit organizations and public benefit corpo- rations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 179-v of the state finance law, as added by chapter 166 of the laws of 1991, is amended to read as follows: 2. Such organizations shall receive such interest payments WITHIN THIRTY DAYS OF THE DATE THE PAYMENT OR PAYMENTS REQUIRED UNDER THE CONTRACT ARE MADE TO ANY SUCH ORGANIZATION; PROVIDED, HOWEVER, IF MONIES FROM ANY APPROPRIATION OR APPROPRIATIONS AS DESCRIBED IN SUBDIVISION THREE OF THIS SECTION ARE NOT AVAILABLE FOR THE PAYMENT OF SUCH INTER- EST, SUCH PAYMENT SHALL BE MADE IMMEDIATELY AFTER SUCH MONIES BECOME AVAILABLE. SUCH INTEREST PAYMENTS SHALL BE MADE at a rate equal to the rate set by the commissioner of taxation and finance for corporate taxes pursuant to paragraph one of subsection (e) of section one thousand ninety-six of the tax law. In order for a state agency to approve reimbursement of a not-for-profit organization OR PUBLIC BENEFIT CORPO- RATION at a rate other than the interest rate stated in this section the not-for-profit organization shall submit documentation indicating the rate at which such funds were borrowed, the lender of such funds and any other information requested by the state agency, attorney general or the comptroller. The comptroller may disallow such portions of the interest that the comptroller deems unreasonable. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13727-01-4
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