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Senate Bill S7295

2011-2012 Legislative Session

Authorizes temporary loans from the rainy day fund to the Hudson River-Black River Regulating District

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Archive: Last Bill Status - In Senate Committee Finance Committee

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2011-S7295 (ACTIVE) - Details

See Assembly Version of this Bill:
A10168
Current Committee:
Senate Finance
Law Section:
State Finance

2011-S7295 (ACTIVE) - Summary

Authorizes temporary loans from the rainy day fund to the Hudson River-Black River Regulating District.

2011-S7295 (ACTIVE) - Sponsor Memo

2011-S7295 (ACTIVE) - Bill Text download pdf 

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

                                  7295

                            I N  S E N A T E

                               May 2, 2012
                               ___________

Introduced  by  Sen.  FARLEY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to authorize temporary loans from  the  rainy  day  fund  to  the
  Hudson River-Black River Regulating District

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

  Section 1. Notwithstanding any other provision of law, moneys  in  the
rainy  day  reserve  fund,  established pursuant to section 92-cc of the
state finance law, may be temporarily loaned to the  Hudson  River-Black
River  Regulating District to enable such district to pay any real prop-
erty taxes which are due in  calendar  year  2012  to  counties,  towns,
villages  and  school districts in Fulton, Hamilton, Saratoga and Warren
counties. Moneys so temporarily loaned shall be repaid  in  cash  within
three months of the receipt of past due assessments for the Hudson River
area.
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15513-01-2

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