Senate Bill S3931

2021-2022 Legislative Session

Relates to indexing of appropriations

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Transportation 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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2021-S3931 (ACTIVE) - Details

Current Committee:
Senate Transportation
Law Section:
Highway Law
Laws Affected:
Amd §10-c, Hway L
Versions Introduced in Other Legislative Sessions:
2013-2014: S6823
2015-2016: S664
2017-2018: S668
2019-2020: S3546
2023-2024: S4642

2021-S3931 (ACTIVE) - Summary

Relates to indexing of appropriations; provides that on and after January first, two thousand twenty-three 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.

2021-S3931 (ACTIVE) - Sponsor Memo

2021-S3931 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3931
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 1, 2021
                                ___________
 
 Introduced  by  Sen. KENNEDY -- 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 TWENTY-THREE AND ON EACH FOLLOWING JANUARY FIRST,  THE  COMMIS-
 SIONER 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
 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.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07543-01-1

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