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Assembly Bill A10052

2013-2014 Legislative Session

Provides that the period of probable usefulness of the installation or reconstruction of a boiler system is 15 years for purposes of local financing

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Archive: Last Bill Status - In Assembly Committee

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2013-A10052 (ACTIVE) - Details

See Senate Version of this Bill:
S7584
Current Committee:
Assembly Local Governments
Law Section:
Local Finance Law
Laws Affected:
Amd ยง11.00, Loc Fin L
Versions Introduced in 2015-2016 Legislative Session:
A4586, S2907

2013-A10052 (ACTIVE) - Summary

Provides that the period of probable usefulness of the installation or reconstruction of a boiler system is 15 years for purposes of local financing.

2013-A10052 (ACTIVE) - Bill Text download pdf 

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

                                  10052

                          I N  A S S E M B L Y

                              June 10, 2014
                               ___________

Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. McDonald,
  Stec) -- read once and referred to the Committee on Local Governments

AN ACT to amend the local finance law, in  relation  to  the  period  of
  probable usefulness of boiler systems

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

  Section 1. Subdivision 13 of paragraph a of section 11.00 of the local
finance law, as amended by chapter 837 of the laws of 1945,  is  amended
to read as follows:
  13.  Certain  building alterations. The installation or reconstruction
of a heating, lighting, plumbing, ventilating, elevator or  power  plant
or  system  in  a  building  when  not  in  connection with the original
construction or the reconstruction of such building, in a class  "A"  or
"B"  building, ten years; in a class "C" building, five years. The terms
"class 'A' building," "class 'B' building" and "class 'C' building,"  as
used  in  this  subdivision,  shall  mean  such  buildings  as  they are
described in subdivision eleven of this  paragraph.  PROVIDED,  HOWEVER,
THAT  THE  INSTALLATION OR RECONSTRUCTION OF A BOILER SYSTEM IN A BUILD-
ING, REGARDLESS OF THE CLASS THEREOF, WHEN NOT IN  CONNECTION  WITH  THE
ORIGINAL CONSTRUCTION OR RECONSTRUCTION OF SUCH BUILDING, FIFTEEN 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.
                                                           LBD15064-03-4

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