Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 18, 2012 |
signed chap.170 |
Jul 06, 2012 |
delivered to governor |
Jun 21, 2012 |
returned to assembly passed senate home rule request 3rd reading cal.1504 substituted for s7435 |
Jun 21, 2012 |
substituted by a10261 ordered to third reading cal.1504 committee discharged and committed to rules |
May 16, 2012 |
referred to local government |
Senate Bill S7435
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A10261 - Signed by Governor
- 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
Actions
Votes
2011-S7435 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10261
- Law Section:
- Local Finance Law
- Laws Affected:
- Amd ยง11.00, Loc Fin L
2011-S7435 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7435 TITLE OF BILL: An act to amend the local finance law, in relation to authorizing the village of Lynbrook, in the county of Nassau, to amortize the cost of payments to certain employees upon separation of service from such village PURPOSE: This bill authorizes the Village of Lynbrook, in the County of Nassau, to finance employee separation costs over a period of 10 years. SUMMARY OF PROVISIONS: Section 11.00 of the local finance law is amended by adding a new subdivision 106 to authorize the village of Lynbrook to issue bonds for severance payments for employees separating from service. JUSTIFICATION: The Village of Lynbrook has experienced unexpected and unplanned retirements in the Police Department of the Village resulting in a 40% turnover rate. Many of those retiring are senior and high ranking members of the Village Police Department having earned significant amounts of accrued and accumulated but unused and unpaid sick leave, personal leave, holiday leave, vacation time, time allowances granted in lieu of overtime compensation and any other forms of payment for time. A significant financial hardship would be endured by the
2011-S7435 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7435 I N S E N A T E May 16, 2012 ___________ Introduced by Sen. SKELOS -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the local finance law, in relation to authorizing the village of Lynbrook, in the county of Nassau, to amortize the cost of payments to certain employees upon separation of service from such village THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph a of section 11.00 of the local finance law is amended by adding a new subdivision 106 to read as follows: 106. PAYMENTS BY THE VILLAGE OF LYNBROOK, IN THE COUNTY OF NASSAU, MADE ON OR AFTER APRIL FIRST, TWO THOUSAND ELEVEN, TO EMPLOYEES UPON SEPARATION FROM EMPLOYMENT, AS MAY BE APPROVED BY SUCH VILLAGE AND INCLUDING, BUT NOT LIMITED TO, CASH PAYMENT FOR SEPARATION INCENTIVES AND/OR PAYMENT OF THE MONETARY VALUE OF ACCRUED AND ACCUMULATED BUT UNUSED AND UNPAID SICK LEAVE, PERSONAL LEAVE, HOLIDAY LEAVE, VACATION TIME, TIME ALLOWANCES GRANTED IN LIEU OF OVERTIME COMPENSATION AND ANY OTHER FORMS OF PAYMENT REQUIRED TO BE PAID TO SUCH EMPLOYEES UPON SEPA- RATION FROM EMPLOYMENT, TEN YEARS. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15870-01-2
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