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Assembly Bill A7611

2013-2014 Legislative Session

Provides for the reimbursement to municipalities for the loss of revenue resulting from a contract dispute with the state and a third party

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Archive: Last Bill Status - In Assembly Committee

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2013-A7611 (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
State Finance Law
Laws Affected:
Add ยง139-l, St Fin L

2013-A7611 (ACTIVE) - Summary

Provides for the reimbursement to municipalities for the loss of revenue resulting from a contract dispute with the state and a third party.

2013-A7611 (ACTIVE) - Bill Text download pdf 

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

                                  7611

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 28, 2013
                               ___________

Introduced  by M. of A. CERETTO -- read once and referred to the Commit-
  tee on Local Governments

AN ACT to amend the state finance law, in relation to reimbursing  muni-
  cipalities for the loss of revenue resulting from a contract dispute

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

  Section 1. The state finance law is amended by adding  a  new  section
139-l to read as follows:
  S 139-L. REIMBURSEMENT.  ANY INEQUITABLE LOSS OF REVENUE INCURRED BY A
STATE  MUNICIPALITY THAT IS THE RESULT OF A CONTRACT DISPUTE BETWEEN THE
STATE AND ANY THIRD PARTY SHALL BE TRANSMITTED WITH SUPPORTING  DOCUMEN-
TATION TO THE STATE COMPTROLLER. UPON RECEIVING DOCUMENTATION, THE STATE
COMPTROLLER  SHALL HAVE THIRTY DAYS TO CONDUCT AN AUDIT OF SUCH LOSS. IF
IT IS DETERMINED THAT THE CLAIM BY THE  MUNICIPALITY  IS  SUBSTANTIATED,
THE  COMPTROLLER SHALL ISSUE FUNDS TO REIMBURSE THE MUNICIPALITY FOR ANY
LOSS OF REVENUE IMMEDIATELY. IF THE LOSS INCURRED BY THE MUNICIPALITY IS
ONGOING, THE COMPTROLLER WILL CONTINUE TO ISSUE FUNDS EVERY THIRTY  DAYS
UNTIL THE DISPUTE IS RESOLVED.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11226-01-3

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