S T A T E O F N E W Y O R K
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10168
I N A S S E M B L Y
May 10, 2012
___________
Introduced by M. of A. BUTLER -- read once and referred to the Committee
on Ways and Means
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