senate Bill S4972

Extends provisions of chapter 791 of 1980 relating to period of probable usefulness of certain judgments, compromised claims or settled claims

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 02 / May / 2013
    • REFERRED TO LOCAL GOVERNMENT
  • 22 / May / 2013
    • 1ST REPORT CAL.757
  • 23 / May / 2013
    • 2ND REPORT CAL.
  • 29 / May / 2013
    • ADVANCED TO THIRD READING
  • 20 / Jun / 2013
    • SUBSTITUTED BY A7099

Summary

Extends provisions relating to period of probable usefulness of certain judgments, compromised claims or settled claims.

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Bill Details

See Assembly Version of this Bill:
A7099
Versions:
S4972
Legislative Cycle:
2013-2014
Law Section:
Local Finance
Laws Affected:
Amd ยง2, Chap 719 of 1980

Votes

8
0
8
Aye
0
Nay
1
aye with reservations
0
absent
0
excused
0
abstained
show Local Government committee vote details

Sponsor Memo

BILL NUMBER:S4972

TITLE OF BILL: An act to amend chapter 719 of the laws of 1980
amending the local finance law relating to the period of probable
usefulness of certain judgments, compromised claims or settled claims,
in relation to extending the provisions of such chapter

PURPOSE: The bill extends authority from June 15, 2013 to June 15,
2018, for municipalities to finance judgments related to certain tax
proceedings including certiorari and small claims assessment review.

SUMMARY OF PROVISIONS:

Section 1 amends chanter 719 of the laws of 1980 and chapter 122 of
the laws of 2018 to extend provisions of subdivision 33-a of section
11.00 o the local finance law for an additional five years.

Section 2 sets an immediate effect date.

JUSTIFICATION: Allowing municipalities to spread the cost of certain
judgments over several years will result in the judgments having a
less impact of the current fiscal year's budget. This authorization
should be extended for an additional five years, thereby continuing
flexibility provided to municipalities to Pay certain judgments, and
providing the legislature an opportunity to review the law.

LEGISLATIVE HISTORY: This is a new bill.

FISCAL IMPLICATIONS: None to the State.

EFFECTIVE DATE: This act will take effect immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4972

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               May 2, 2013
                               ___________

Introduced  by  Sen. MARTINS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend chapter 719 of the  laws  of  1980  amending  the  local
  finance  law  relating to the period of probable usefulness of certain
  judgments, compromised  claims  or  settled  claims,  in  relation  to
  extending the provisions of such chapter

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 2 of chapter 719 of the laws of 1980  amending  the
local  finance  law  relating  to  the  period of probable usefulness of
certain judgments, compromised claims or settled claims, as  amended  by
chapter 122 of the laws of 2008, is amended to read as follows:
  S  2.  This  act  shall  take effect immediately and the provisions of
section one of this act shall remain in force and effect to and  includ-
ing June 15, [2013] 2018.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10668-01-3

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