|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to environmental conservation|
|Feb 04, 2011||referred to environmental conservation|
senate Bill S2979
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2979 - Details
S2979 - Sponsor Memo
BILL NUMBER:S2979 TITLE OF BILL: An act to amend the environmental conservation law, in relation to inter-fund advances by river regulating districts PURPOSE: To specifically authorize the Hudson River-Black River Regulating District to temporarily advance monies between funds, thereby enabling the District to pay the real property taxes it currently owes to local school districts. SUMMARY OF PROVISIONS: This bill adds a new subdivision 3 to Section 15-2141 of the Environmental Conservation Law. This new subdivision authorizes the Hudson River-Black River Regulating District to temporarily advance monies held in any fund to any other fund of the district. It also provides that such transfers shall be authorized by resolution of the Board and approved by the State Comptroller. The bill further provides that such moneys shall be repaid as soon as available (but in no event later than the close of the next succeeding budget cycle), and that such amount shall include an amount reasonably estimated to be the additional amount that would have been earned on the investment of such moneys had the advance not been made.
S2979 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 2979 A. 4520 2011-2012 Regular Sessions S E N A T E - A S S E M B L Y February 4, 2011 ___________ IN SENATE -- Introduced by Sens. FARLEY, LITTLE -- read twice and ordered printed, and when printed to be committed to the Committee on Environmental Conservation IN ASSEMBLY -- Introduced by M. of A. BUTLER -- Multi-Sponsored by -- M. of A. SAYWARD -- read once and referred to the Committee on Environ- mental Conservation AN ACT to amend the environmental conservation law, in relation to inter-fund advances by river regulating districts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 15-2141 of the environmental conservation law, subdivision 2 as amended by chapter 55 of the laws of 1992, is amended to read as follows: S 15-2141. Hudson River Regulating District and Black River Regulating District: funds of the board. 1. Notwithstanding the consolidation of the Hudson River Regulating District and the Black River Regulating District into a single district, effectuated by this title, or any other provision of THIS title [21 of this article], moneys constituting the respective "general fund" or "debt service fund" or other fund or funds of either the Hudson River Regulating Board or District or the Black River Regulating Board or District, shall remain and be kept separate and apart and shall be applied for the cost of maintenance and operation in the area of the appropriate district and to pay the debts and obligations of the appro- priate board or district, on whose account such moneys were received. 2. Notwithstanding any provision of sections 15-2137 and 15-2139 or any other provision of THIS title [21 of this article], all moneys here- after received by the Hudson River-Black River Regulating District and its board, as consolidated, by reason of assessments or from the sale of obligations issued or from other source, all for the purposes of the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08420-01-1
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