senate Bill S3695

2013-2014 Legislative Session

Relates to prompt payments to counties by the state

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to finance
Feb 11, 2013 referred to finance

Co-Sponsors

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S3695 - Bill Details

See Assembly Version of this Bill:
A4907
Current Committee:
Law Section:
State Finance Law
Laws Affected:
Amd ยง179-f, St Fin L
Versions Introduced in 2011-2012 Legislative Session:
S5909, A9519

S3695 - Bill Texts

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Relates to prompt payments to counties by the state.

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

                                  3695

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 11, 2013
                               ___________

Introduced  by  Sens. RITCHIE, DeFRANCISCO, GRIFFO, MARCHIONE, SAVINO --
  read twice and ordered printed, and when printed to  be  committed  to
  the Committee on Finance

AN  ACT to amend the state finance law, in relation to prompt payment to
  counties from the state

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

  Section 1. Subdivision 1 of section 179-f of the state finance law, as
amended  by  chapter  332  of  the  laws  of 1989, is amended to read as
follows:
  1. Each state agency which is required to make a  payment  from  state
funds  pursuant  to  a  contract  and  which does not make such contract
payment by the required payment date shall make an interest  payment  to
the  contractor OR COUNTY GOVERNMENT in accordance with this article, OR
OTHER PROVISIONS OF LAW, on the amount of the contract payment which  is
due,  unless  failure  to  make such contract payment is the result of a
lien, attachment, or other legal process  against  the  money  due  said
contractor  OR  COUNTY  GOVERNMENT, or unless the amount of the interest
payment as computed in accordance with the  provisions  of  section  one
hundred  seventy-nine-g  of this article is less than ten dollars. A pro
rata share of such interest shall be paid by the contractor  or  subcon-
tractor,  as  the  case  may  be, to subcontractors and materialmen in a
proportion equal to the percentage  of  their  pro  rata  share  of  the
contract  payment.  Such pro rata share of interest shall be due to such
subcontractors and materialmen only for those  payments  which  are  not
paid to such subcontractors and materialmen prior to the date upon which
interest  begins  to accrue between the state agency and the contractor.
Such pro rata share of interest  shall  be  computed  daily  until  such
payments are made to the subcontractors and materialmen.
  S  2.  This  act shall take effect on the ninetieth day after it shall
have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01507-01-3

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