S T A T E O F N E W Y O R K
________________________________________________________________________
303
2009-2010 Regular Sessions
I N S E N A T E
(PREFILED)
January 7, 2009
___________
Introduced by Sen. LITTLE -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law and the state finance law, in relation to
creating the boat launch preservation act and establishing the dedi-
cated boat launch site fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Short title. This act shall be known and may be cited as
the "boat launch preservation act".
S 2. Legislative intent. The legislature hereby finds that the water-
ways of this great state have always been a vital source of economic
activity. The legislature further finds that although the economic
activity found on today's waterways have more to do with recreational
boating than shipping, it still remains an important factor in the
economic health of the state. It has been found that upwards of one
percent of the gasoline consumed within the state of New York is used to
power vessels traveling on our waterways. It is the intent of the legis-
lature that the taxes collected on such boating gasoline be used to keep
our waterways a viable resource for the next century of New Yorkers.
S 3. Subdivision 2 of section 289-e of the tax law, as added by chap-
ter 329 of the laws of 1991, is amended to read as follows:
2. All taxes, interest, penalties and fees collected or received by
the commissioner [of taxation and finance after March thirty-first,
nineteen hundred ninety-three] under the taxes imposed by section two
hundred eighty-four of this article AFTER MARCH THIRTY-FIRST, NINETEEN
HUNDRED NINETY-THREE AND BEFORE APRIL FIRST, TWO THOUSAND TEN shall be
deposited in the dedicated highway and bridge trust fund and disposed of
pursuant to section eighty-nine-b of the state finance law; AND ON AND
AFTER APRIL FIRST, TWO THOUSAND TEN, ONE PERCENT OF SUCH TAXES, INTER-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00195-01-9
S. 303 2
EST, PENALTIES AND FEES, BUT NOT MORE THAN FIVE MILLION DOLLARS EACH
STATE FISCAL YEAR, SHALL BE DEPOSITED IN THE DEDICATED BOAT LAUNCH SITE
FUND AND DISPOSED OF PURSUANT TO SECTION NINETY-TWO-FF OF THE STATE
FINANCE LAW, AND THE REMAINING AMOUNT SHALL BE DEPOSITED IN THE DEDI-
CATED HIGHWAY AND BRIDGE TRUST FUND AND DISPOSED OF PURSUANT TO SECTION
EIGHTY-NINE-B OF THE STATE FINANCE LAW.
S 4. The state finance law is amended by adding a new section 92-ff to
read as follows:
S 92-FF. DEDICATED BOAT LAUNCH SITE FUND. 1. THERE IS HEREBY ESTAB-
LISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND COMMISSIONER OF
TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE "DEDICATED BOAT
LAUNCH SITE FUND".
2. MONEYS IN THE DEDICATED BOAT LAUNCH SITE FUND SHALL BE KEPT SEPA-
RATELY FROM AND SHALL NOT BE COMMINGLED WITH ANY OTHER MONEYS.
3. THE DEDICATED BOAT LAUNCH SITE FUND SHALL CONSIST OF THE MONEYS
REQUIRED TO BE DEPOSITED THEREIN PURSUANT TO THE PROVISIONS OF SUBDIVI-
SION TWO OF SECTION TWO HUNDRED EIGHTY-NINE-E OF THE TAX LAW AND ANY
OTHER MONEYS APPROPRIATED THERETO.
4. THE MONEYS IN SUCH FUND SHALL BE APPROPRIATED BY THE LEGISLATURE
AND DISBURSED FOR COSTS INCURRED FOR THE DESIGN, CONSTRUCTION, MAINTE-
NANCE AND IMPROVEMENT OF STATE AND MUNICIPALLY OWNED BOAT LAUNCHING
SITES OR BOAT ACCESS SITES. DISBURSEMENTS FROM SUCH FUND SHALL BE MADE
UPON THE AUDIT AND WARRANT OF THE STATE COMPTROLLER.
5. THE COMPTROLLER SHALL INVEST THE MONEYS OF THE DEDICATED BOAT
LAUNCH SITE FUND PURSUANT TO SECTION NINETY-EIGHT-A OF THIS ARTICLE. ANY
INCOME EARNED THEREFROM SHALL BE ADDED TO AND BECOME PART OF THE FUND.
6. THE COMPTROLLER SHALL ANNUALLY ON OR BEFORE JANUARY FIRST, ISSUE A
REPORT LISTING THE PRINCIPAL IN, EARNED INCOME ON AND EARNED INCOME
ACCRUED TO PRINCIPAL OF THE FUND. A COPY OF SUCH REPORT SHALL BE TRANS-
MITTED TO THE DIRECTOR OF THE DIVISION OF BUDGET, THE CHAIR AND RANKING
MINORITY MEMBER OF THE SENATE FINANCE COMMITTEE, AND THE CHAIR AND RANK-
ING MINORITY MEMBER OF THE ASSEMBLY WAYS AND MEANS COMMITTEE.
S 5. This act shall take effect immediately.