S T A T E O F N E W Y O R K
S. 4674 A. 6758
2013-2014 Regular Sessions
S E N A T E - A S S E M B L Y
April 17, 2013
IN SENATE -- Introduced by Sens. CARLUCCI, LARKIN -- read twice and
ordered printed, and when printed to be committed to the Committee on
IN ASSEMBLY -- Introduced by M. of A. JAFFEE, ZEBROWSKI, RABBITT -- read
once and referred to the Committee on Local Governments
AN ACT authorizing the county of Rockland to issue bonds; and providing
for the repeal of such provisions upon expiration thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Short title. This act shall be known and may be cited as
the "Rockland county deficit financing act".
S 2. Definitions. (a) "Budget" shall mean a current operating budget
of the county prepared or adopted pursuant to general, special or local
law, being the annual budget and estimate of expenditures to be made
during a fiscal year for the general support and current expenses of the
government of the county to be paid from taxes or assessments or other
current revenues of the county for such year.
(b) "Comptroller" shall mean the New York state comptroller.
(c) "County" shall mean the county of Rockland.
(d) "County executive" shall mean the county executive of Rockland
(e) "County legislature" shall mean the legislative body of the county
(f) "Fiscal year" shall mean the fiscal year of the county.
S 3. Bonds. The county of Rockland is hereby authorized to issue seri-
al bonds, subject to the provisions of section 10.10 of the local
finance law, on or before September 30, 2014, in an aggregate principal
amount not to exceed ninety-six million dollars ($96,000,000) for the
specific object or purpose of liquidating current deficits in its gener-
al fund as of December 31, 2010, December 31, 2011 and December 31,
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
S. 4674 2 A. 6758
2012. In anticipation of the issuance and sale of such serial bonds,
bond anticipation notes are hereby authorized to be issued.
S 4. Budget review by state comptroller. During the effective period
of this act, the county executive shall submit the proposed budget for
the next succeeding fiscal year to the state comptroller no later than
thirty days before the date scheduled for the county legislature'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 shall
examine such proposed budget and make such recommendations as deemed
appropriate thereon to the county prior to the adoption of the budget,
but no later than ten days before the date scheduled for the county
legislature's vote on the adoption of the final budget or the last date
on which the budget must be adopted, whichever is sooner. Such recommen-
dations shall be made after examination into the estimates of revenues
and expenditures of the county. The county legislature, no later than
five days prior to the adoption of the budget, shall review any such
recommendations and make adjustments to the proposed budget consistent
with any recommendations made by the state comptroller.
S 5. Severability clause. If any clause, sentence, paragraph, section
or part of this act shall be adjudged by any court of competent juris-
diction to be invalid, such judgment shall not affect, impair or invali-
date the remainder thereof, but shall be confined in its operation to
the clause, sentence, paragraph, section or part involved in the contro-
versy in which such judgment shall have been rendered. The provisions of
this act shall be liberally construed to assist the effectuation of the
public purposes furthered hereby.
S 6. This act shall take effect immediately; and shall remain in full
force and effect until the tenth anniversary of the date of second issu-
ance of deficit bonds or deficit notes pursuant to this act, when upon
such date the provisions of this act shall expire and be deemed
repealed; and provided, however, that the state comptroller shall notify
the legislative bill drafting commission upon the occurrence of this act
in order that the commission may maintain an accurate and timely effec-
tive data base of the official text of the laws of the state of New York
in furtherance of effectuating the provisions of section 44 of the
legislative law and section 70-b of the public officers law.