senate Bill S5909

2011-2012 Legislative Session

Relates to prompt payments to counties by the state

download bill text pdf

Sponsored By

Archive: Last Bill Status -

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to finance
Oct 07, 2011 referred to rules


S5909 - Details

See Assembly Version of this Bill:
Law Section:
State Finance Law
Laws Affected:
Amd ยง179-f, St Fin L

S5909 - Summary

Relates to prompt payments to counties by the state.

S5909 - Sponsor Memo

S5909 - Bill Text download pdf

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


                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             October 7, 2011

Introduced  by  Sens. RITCHIE, GRIFFO -- read twice and ordered printed,
  and when printed to be committed to the Committee on Rules

AN ACT to amend the state finance law, in relation to prompt payment  to
  counties from the state


  Section 1. Subdivision 1 of section 179-f of the state finance law, as
amended by chapter 332 of the laws  of  1989,  is  amended  to  read  as
  1.  Each  state  agency which is required to make a payment from state
funds pursuant to a contract and  which  does  not  make  such  contract
payment  by  the required payment date shall make an interest payment to
the contractor OR COUNTY GOVERNMENT in accordance with this article,  OR
OTHER  PROVISIONS OF LAW, on the amount of the contract payment which is
due, unless failure to make such contract payment is  the  result  of  a
lien,  attachment,  or  other  legal  process against the money due said
contractor OR COUNTY GOVERNMENT, or unless the amount  of  the  interest
payment  as  computed  in  accordance with the provisions of section one
hundred seventy-nine-g of this article is less than ten dollars.  A  pro
rata  share  of such interest shall be paid by the contractor or subcon-
tractor, as the case may be, to  subcontractors  and  materialmen  in  a
proportion  equal  to  the  percentage  of  their  pro rata share of the
contract payment. Such pro rata share of interest shall be due  to  such
subcontractors  and  materialmen  only  for those payments which are not
paid to such subcontractors and materialmen prior to the date upon which
interest begins to accrue between the state agency and  the  contractor.
Such  pro  rata  share  of  interest  shall be computed daily until such
payments are made to the subcontractors and materialmen.
  S 2. This act shall take effect on the ninetieth day  after  it  shall
have become a law.

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


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