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Senate Bill S2403

2011-2012 Legislative Session

Authorizes the city of Kingston to amortize the cost of payments to employees upon separation of service from such city during 2011

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Archive: Last Bill Status - Stricken

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2011-S2403 (ACTIVE) - Details

Law Section:
Local Finance Law
Laws Affected:
Amd ยง11.00, Loc Fin L
Versions Introduced in 2009-2010 Legislative Session:
S8495

2011-S2403 (ACTIVE) - Summary

Authorizes the city of Kingston to amortize the cost of payments to employees upon separation of service from such city during 2011.

2011-S2403 (ACTIVE) - Sponsor Memo

2011-S2403 (ACTIVE) - Bill Text download pdf 

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

                                  2403

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 19, 2011
                               ___________

Introduced  by  Sen.  LARKIN -- 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  and
  empowering  the  city  of Kingston to amortize the cost of payments to
  employees upon separation of service from the city during 2011

  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 105 to read as follows:
  105. PAYMENTS BY THE CITY OF KINGSTON  TO  EMPLOYEES  UPON  SEPARATION
FROM  EMPLOYMENT  DURING  THE  PERIOD JANUARY FIRST, TWO THOUSAND ELEVEN
THROUGH AND INCLUDING DECEMBER THIRTY-FIRST, TWO THOUSAND ELEVEN, AS MAY
BE APPROVED BY THE CITY 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 SEPARATION FROM EMPLOYMENT, FIVE 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.
                                                           LBD00879-02-1

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