Assembly Bill A5878

2009-2010 Legislative Session

Provides for the city of New York to provide for payment of certain amounts to the local water fund in the custody of the New York city 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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2009-A5878 (ACTIVE) - Details

See Senate Version of this Bill:
S5699
Current Committee:
Assembly Cities
Law Section:
New York City Administrative Code
Laws Affected:
Add ยง5-511, NYC Ad Cd

2009-A5878 (ACTIVE) - Summary

Provides for the city of New York to provide for payment of certain amounts to the local water fund in the custody of the New York city water board.

2009-A5878 (ACTIVE) - Bill Text download pdf 

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

                                  5878

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 23, 2009
                               ___________

Introduced  by M. of A. ABBATE, BRENNAN, PHEFFER, CYMBROWITZ, LANCMAN --
  Multi-Sponsored by -- M. of A. BROOK-KRASNY, GIANARIS, WEPRIN --  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:
  S 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.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09513-01-9

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