senate Bill S6823

Relates to indexing of appropriations

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Bill Status


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

  • 13 / Mar / 2014
    • REFERRED TO TRANSPORTATION

Summary

Relates to indexing of appropriations; provides that on and after January first, two thousand sixteen and on each following January first, the commissioner shall index the level of such appropriations for subsequent state fiscal years based on the national highway construction cost index for the most recent twelve month period; provides that the commissioner shall increase appropriations by the rate of inflation for the most recent twelve month period that is available at the time the adjusted rate is calculated and announced using the national highway construction cost index, or a successor index as calculated by the United States federal highway administration, if such rate of inflation is greater than zero percent.

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Bill Details

Versions:
S6823
Legislative Cycle:
2013-2014
Current Committee:
Senate Transportation
Law Section:
Highway Law
Laws Affected:
Amd §10-c, Hway L

Sponsor Memo

BILL NUMBER:S6823

TITLE OF BILL: An act to amend the highway law, in relation to
indexing appropriations

SUMMARY OF SPECIFIC PROVISIONS:

Section 1: Amends Subdivision 2 of section 10-c of the highway law, to
provide for indexing of the consolidated highway improvement program
appropriation for subsequent state fiscal years based on the national
highway construction cost index for the most recent twelve month
period.

PURPOSE AND JUSTIFICATION:

Cost increases are inevitable and do not discriminate against
individuals or industries. This reality is particularly true in the
highway construction industry, where the price of materials and the
fuel necessary to deliver them have skyrocketed in recent years.
While we received an increase in the State's funding for municipal
road and bridge projects in recent years, traditionally these fund
have not kept pace with increasing costs and deteriorating municipal
infrastructure.

In order to address this issue and provide our municipal
superintendents and highway crews with the sufficient resources
necessary to maintain safe roads and bridges across New York State, we
need to fashion our funding formulas and mechanisms to reflect these
inevitable increases. By indexing the amount of money we dedicate to
our infrastructure each year to inflation, we can more accurately
determine the appropriate amount of resources necessary to maintain
and improve our infrastructure.

PRIOR LEGISLATIVE HISTORY:

New Bill

FISCAL IMPLICATIONS:

To be determined.

EFFECTIVE DATE:

This act shall take effect immediately.

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

                                  6823

                            I N  S E N A T E

                             March 13, 2014
                               ___________

Introduced  by  Sens.  KENNEDY, DILAN -- read twice and ordered printed,
  and when printed to be committed to the Committee on Transportation

AN ACT to amend the highway law, in relation to indexing appropriations

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

  Section  1.  Subdivision  2  of  section  10-c  of the highway law, as
amended by chapter 355 of the laws  of  1999,  is  amended  to  read  as
follows:
  2.  On  or  before  the twenty-fifth day of April, June, September and
November of each state fiscal year commencing with the state fiscal year
beginning on April first, nineteen hundred eighty-four  there  shall  be
distributed  and  paid to counties, cities, towns and villages an amount
equal to the moneys  appropriated  for  the  purposes  of  this  section
divided  by  the number of payment dates in that state fiscal year. Such
amounts shall be distributed and paid pursuant to subdivision  three  of
this  section.   PROVIDED, HOWEVER, THAT ON AND AFTER JANUARY FIRST, TWO
THOUSAND SIXTEEN AND ON EACH FOLLOWING JANUARY FIRST,  THE  COMMISSIONER
SHALL INDEX THE LEVEL OF SUCH APPROPRIATIONS FOR SUBSEQUENT STATE FISCAL
YEARS BASED ON THE NATIONAL HIGHWAY CONSTRUCTION COST INDEX FOR THE MOST
RECENT  TWELVE  MONTH  PERIOD. THE COMMISSIONER SHALL INCREASE APPROPRI-
ATIONS BY THE RATE OF INFLATION FOR THE MOST RECENT TWELVE MONTH  PERIOD
THAT  IS  AVAILABLE  AT  THE  TIME  THE  ADJUSTED RATE IS CALCULATED AND
ANNOUNCED USING THE NATIONAL  HIGHWAY  CONSTRUCTION  COST  INDEX,  OR  A
SUCCESSOR  INDEX  AS  CALCULATED  BY  THE  UNITED STATES FEDERAL HIGHWAY
ADMINISTRATION, IF SUCH RATE OF INFLATION IS GREATER THAN ZERO PERCENT.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14351-01-4

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