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Senate Bill S2520

2009-2010 Legislative Session

Relates to the employee benefit accrued liability reserve fund

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Archive: Last Bill Status - In Senate Committee Local Government Committee

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Bill Amendments

co-Sponsors

2009-S2520 - Details

Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §6-p, Gen Muni L
Versions Introduced in 2011-2012 Legislative Session:
S1935

2009-S2520 - Summary

Relates to the employee benefit accrued liability reserve fund.

2009-S2520 - Sponsor Memo

2009-S2520 - Bill Text download pdf 

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

                                  2520

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 23, 2009
                               ___________

Introduced  by  Sens.  LAVALLE,  FUSCHILLO, O. JOHNSON -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Local Government

AN  ACT  to amend the general municipal law, in relation to the employee
  benefit accrued liability reserve fund

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

  Section  1.  Section  6-p  of  the general municipal law is amended by
adding a new subdivision 10 to read as follows:
  10. IF AFTER AUDIT AND CERTIFICATION BY  THE  STATE  COMPTROLLER  THAT
THERE  ARE  FUNDS  IN  EXCESS  OF THOSE REQUIRED TO SATISFY LIABILITIES,
THOSE EXCESS FUNDS MAY BE TRANSFERRED TO THE GENERAL FUND FOR  THE  SOLE
PURPOSE OF REAL PROPERTY TAX REDUCTION.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07848-01-9

co-Sponsors

2009-S2520A (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §6-p, Gen Muni L
Versions Introduced in 2011-2012 Legislative Session:
S1935

2009-S2520A (ACTIVE) - Summary

Relates to the employee benefit accrued liability reserve fund.

2009-S2520A (ACTIVE) - Sponsor Memo

2009-S2520A (ACTIVE) - Bill Text download pdf 

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

                                 2520--A

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 23, 2009
                               ___________

Introduced  by  Sens.  LAVALLE,  FUSCHILLO, HANNON, O. JOHNSON, YOUNG --
  read twice and ordered printed, and when printed to  be  committed  to
  the  Committee  on  Local  Government  --  committee  discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT  to amend the general municipal law, in relation to the employee
  benefit accrued liability reserve fund

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

  Section  1.  Section  6-p  of  the general municipal law is amended by
adding a new subdivision 10 to read as follows:
  10. IF AFTER AUDIT AND CERTIFICATION BY  THE  STATE  COMPTROLLER  THAT
THERE  ARE  FUNDS  IN  EXCESS  OF THOSE REQUIRED TO SATISFY LIABILITIES,
THOSE EXCESS FUNDS MAY BE  TRANSFERRED  TO  THE  GENERAL  FUND  FOR  THE
PURPOSE  OF  REAL  PROPERTY  TAX REDUCTION AND/OR VOTER APPROVED CAPITAL
PROJECTS.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07848-03-9

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