Assembly Bill A5764

2017-2018 Legislative Session

Relates to rental payments from the NYC water board

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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

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2017-A5764 (ACTIVE) - Details

See Senate Version of this Bill:
S812
Current Committee:
Assembly Cities
Law Section:
New York City Administrative Code
Laws Affected:
Add §5-511, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2013-2014: A9228, S6632
2015-2016: A3540, A7886, S1453

2017-A5764 (ACTIVE) - Summary

Relates to rental payments from the NYC water board; requires the general fund of NYC to provide to the local water fund an amount equal to the amount requested by NYC pursuant to the base rental sum of money pursuant to the lease terms; requires fifty percent of these sums shall be used to provide rebates to residential water and sewer accounts and fifty percent to pay principal and interest on certain outstanding debt.

2017-A5764 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5764
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 15, 2017
                                ___________
 
 Introduced by M. of A. GJONAJ -- read once and referred to the Committee
   on Cities
 
 AN  ACT  to  amend  the  administrative code of the city of New York, in
   relation to rental payments from the New York city water board
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1. The administrative code of the city of New York is amended
 by adding a new section 5-511 to read as follows:
   § 5-511 RENTAL PAYMENTS FROM THE NEW YORK CITY WATER BOARD.   NOTWITH-
 STANDING  ANY  REQUEST OF THE CITY OF NEW YORK FOR A RENTAL PAYMENT FROM
 THE NEW YORK CITY WATER BOARD ESTABLISHED PURSUANT TO SECTION ONE  THOU-
 SAND  FORTY-SIX  OF  THE PUBLIC AUTHORITIES LAW, THE GENERAL FUND OF THE
 CITY OF NEW YORK SHALL PROVIDE TO  THE  LOCAL  WATER  FUND,  ESTABLISHED
 PURSUANT  TO SUBDIVISION TWO OF SECTION ONE THOUSAND FORTY-FIVE-J OF THE
 PUBLIC AUTHORITIES LAW AND THE LEASE AGREEMENT BETWEEN THE CITY  OF  NEW
 YORK  AND  THE  NEW YORK CITY WATER BOARD, AN AMOUNT EQUAL TO THE AMOUNT
 REQUESTED BY THE CITY OF NEW YORK PURSUANT TO THE  BASE  RENTAL  SUM  OF
 MONEY PURSUANT TO THE TERMS OF SUCH LEASE. FIFTY PERCENT OF SUCH SUMS OF
 MONIES  SHALL BE USED TO PROVIDE REBATES ACROSS THE BOARD TO RESIDENTIAL
 WATER AND SEWER ACCOUNTS AND FIFTY PERCENT TO PAY PRINCIPAL AND INTEREST
 ON OUTSTANDING DEBT ISSUED BY THE  CITY  OF  NEW  YORK  BEFORE  NINETEEN
 HUNDRED  EIGHTY-FIVE FOR CAPITAL PROJECTS IN THE WATER AND SEWER SYSTEM,
 UNTIL SUCH DEBT IS PAID, WHEREUPON SUCH SUM SHALL  BE  USED  TO  PROVIDE
 REBATES ACROSS THE BOARD TO RESIDENTIAL WATER AND SEWER ACCOUNTS.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05063-01-7

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