|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to finance|
|Jan 09, 2013||referred to finance|
senate Bill S2010
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2010 - Details
- Law Section:
- State Finance Law
- Laws Affected:
- Add §16-a, St Fin L
- Versions Introduced in 2011-2012 Legislative Session:
S2010 - Summary
Relates to interest and collection fees assessed on debts owed by the state to municipalities; requires payment for debt to be made on or before the thirtieth day following receipt of any billing invoice or notice sent by the municipality; the rate shall be calculated based on the underpayment rate minus four percentage points; provides exceptions where more information is required, funds are being provided by another entity and they have not been received by the state or the expenditure has not been approved by the state.
S2010 - Sponsor Memo
BILL NUMBER:S2010 TITLE OF BILL: An act to amend the state finance law, in relation to interest and collection fees assessed on debts owed by the state to municipalities PURPOSE: This bill would entitle municipalities to interest and collection fees when the state fails to pay amounts due within thirty days after submission of bills. SUMMARY OF PROVISIONS: Section 1 creates a new section 16-a of the State Finance Law. 1. includes definitions 2. relates to submitting a bill from a municipality to the state 3. provides that the State shall pay such bill within thirty days after receiving a bill from a municipality. 4. provides that except under certain circumstances, interest will be due if payment is 5. provides that State will be liable for costs of collection if payment is not made within thirty days
S2010 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2010 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sens. RANZENHOFER, ZELDIN -- read twice and ordered print- ed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to interest and collection fees assessed on debts owed by the state to municipalities 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 16-a to read as follows: S 16-A. INTEREST AND COLLECTION FEES ASSESSED ON DEBTS OWED BY THE STATE TO MUNICIPALITIES. 1. AS USED IN THIS SECTION: (A) "STATE" SHALL MEAN ANY STATE DEPARTMENT, BOARD, BUREAU, DIVISION, COMMISSION, COMMIT- TEE, PUBLIC AUTHORITY, PUBLIC BENEFIT CORPORATION, COUNCIL, OFFICE, OR OTHER GOVERNMENTAL ENTITY PERFORMING A GOVERNMENTAL OR PROPRIETARY FUNC- TION FOR THE STATE; (B) "MUNICIPALITY" SHALL MEAN A COUNTY, TOWN, VILLAGE OR SCHOOL DISTRICT AND ANY DEPARTMENT, BOARD, BUREAU, DIVISION, COMMISSION, COMMITTEE, PUBLIC BENEFIT CORPORATION, COUNCIL, OFFICE OR OTHER GOVERNMENTAL ENTITY PERFORMING A GOVERNMENTAL OR PROPRIETARY FUNC- TION FOR SUCH COUNTY, TOWN, VILLAGE OR SCHOOL DISTRICT; (C) "DEBT" SHALL MEAN ANY LIQUIDATED SUM DUE AND OWING ANY MUNICIPALITY BY THE STATE WHICH HAS ACCRUED PURSUANT TO LAW OR THROUGH CONTRACT SUBROGATION, TORT OR OTHER CAUSE OF ACTION, REGARDLESS OF WHETHER THERE IS AN OUTSTANDING JUDGMENT FOR THAT SUM; (D) "LIQUIDATED" SHALL MEAN AN AMOUNT WHICH IS FIXED OR CERTAIN OR CAPABLE OF BEING READILY CALCULATED, WHETHER OR NOT THE UNDERLYING LIABILITY OR AMOUNT OF THE DEBT IS DISPUTED; AND (E) "OUTSTANDING DEBT" SHALL MEAN THE AMOUNT SET FORTH IN THE BILLING INVOICE OR NOTICE MAILED TO THE STATE, TOGETHER WITH LATE PAYMENT CHARG- ES AND INTEREST, LESS ANY PAYMENTS MADE BY OR ON BEHALF OF THE DEBTOR. 2. FOR THE PURPOSES OF THIS SECTION, A MUNICIPALITY SHALL MAIL, OR OTHERWISE NOTIFY AS MAY BE PERMITTED OR REQUIRED BY CONTRACT BETWEEN THE MUNICIPALITY AND THE STATE, A DATED BILLING INVOICE OR NOTICE TO THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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