senate Bill S4450A

Signed By Governor
2013-2014 Legislative Session

Authorizes the town of Stockport to transfer reserve funds to the Water Fund for repayment of a loan from the Town Sewer No. 1 Fund

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Archive: Last Bill Status - Signed by Governor


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 31, 2013 signed chap.264
Jul 19, 2013 delivered to governor
Jun 21, 2013 returned to senate
passed assembly
home rule request
ordered to third reading rules cal.634
substituted for a6500b
Jun 20, 2013 referred to ways and means
delivered to assembly
passed senate
home rule request
Jun 17, 2013 amended on third reading (t) 4450b
May 20, 2013 advanced to third reading
May 08, 2013 2nd report cal.
May 07, 2013 1st report cal.588
Apr 23, 2013 print number 4450a
amend and recommit to local government
Apr 01, 2013 referred to local government

Votes

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Bill Amendments

Original
A
B (Active)
Original
A
B (Active)

S4450 - Bill Details

Law Section:
General Municipal

S4450 - Bill Texts

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Authorizes the town of Stockport to transfer reserve funds to the Water Fund for repayment of a loan from the Town Sewer No. 1 Fund.

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BILL NUMBER:S4450

TITLE OF BILL: An act authorizing the town of Stockport to transfer
reserve funds to the Water Fund for repayment of a loan from the Town
Sewer
1 Fund

PURPOSE: To authorize the Town of Stockport to transfer capital
reserve funds to the Water Fund for repayment of a loan.

SUMMARY OF PROVISIONS: The bill, notwithstanding Section 6-c or 6-g
of the General Municipal Law or any other provision to the contrary,
authorizes the governing board of the Town of Stockport to transfer
$100,000 from the Town's Capital Reserve Fund to the Water Fund for
repayment of a loan.

JUSTIFICATION: As of December 31, 2012, the Town of Stockport's Water
fund faced an unreserved cash shortage of nearly $100,000.
Consequently, water rates were adjusted dramatically in the 2013
budget and are anticipated to increase a typical user's annual water
bill from $58.56 annually to $241.92 annually.

If this special legislation is granted, thereby allowing the Town to
transfer $100,000 from its Capital Reserve Fund to the Water Fund, the
Town estimates that the user charges could be stabilized at a lower
rate sparing users as much as $80 per quarter, thus providing some
relief to struggling home owners and businesses.

LEGISLATIVE HISTORY: New bill.

FISCAL IMPLICATIONS: None to the State.

EFFECTIVE DATE: Immediately

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

                                  4450

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              April 1, 2013
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN  ACT  authorizing  the town of Stockport to transfer reserve funds to
  the Water Fund for repayment of a loan from the Town Sewer #1 Fund

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

  Section 1. Notwithstanding section 6-c or 6-g of the general municipal
law  or  any other provision to the contrary, the governing board of the
town of Stockport may authorize by resolution the transfer  of  $100,000
from  the  Capital  Reserve  Fund to the Water Fund for repayment of the
loan from the Town Sewer #1 Fund. The resolution authorized pursuant  to
this  section  shall  not  be  subject to referendum requirements of the
municipal home rule law.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09773-01-3

S4450A - Bill Details

Law Section:
General Municipal

S4450A - Bill Texts

view summary

Authorizes the town of Stockport to transfer reserve funds to the Water Fund for repayment of a loan from the Town Sewer No. 1 Fund.

view sponsor memo
BILL NUMBER:S4450A REVISED 4/24/13

TITLE OF BILL: An act authorizing the town of Stockport to transfer
reserve funds to the Water Fund for repayment of a loan from the Town
Sewer
1 Fund

PURPOSE: To authorize the Town of Stockport to transfer capital
reserve funds to the Water Fund for repayment of a loan.

SUMMARY OF PROVISIONS: The bill, notwithstanding Section 6-c of the
General Municipal Law or any other provision to the contrary,
authorizes the governing board of the Town of Stockport to transfer
$100,000 from the Town's Capital Reserve Fund to the Water Fund for
repayment of a loan.

JUSTIFICATION: As of December 31, 2012, the Town of Stockport's Water
fund faced an unreserved cash shortage of nearly $100,000.
Consequently, water rates were adjusted dramatically in the 2013
budget and are anticipated to increase a typical user's annual water
bill from $58.56 annually to $241.92 annually.

If this special legislation is granted, thereby allowing the Town to
transfer $100,000 from its Capital Reserve Fund to the Water Fund, the
Town estimates that the user charges could be stabilized at a lower
rate sparing users as much as $80 per quarter, thus providing some
relief to struggling home owners and businesses.

LEGISLATIVE HISTORY: New bill.

FISCAL IMPLICATIONS: None to the State.

EFFECTIVE DATE: Immediately.

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

                                 4450--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              April 1, 2013
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed  to  be  committed  to  the  Committee  on Local Government --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN  ACT  authorizing  the town of Stockport to transfer reserve funds to
  the Water Fund for repayment of a loan from the Town Sewer #1 Fund

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

  Section 1. Notwithstanding section 6-c of the general municipal law or
any  other provision to the contrary, the governing board of the town of
Stockport may authorize by resolution the transfer of $100,000 from  the
Capital  Reserve  Fund created for the purpose of financing the acquisi-
tion and/or construction of a municipal complex pursuant to section  6-c
of  the  general municipal law to the Water Fund for repayment of a loan
from the Town Sewer #1 Fund. The resolution authorized pursuant to  this
section shall not be subject to referendum.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09773-02-3

S4450B (ACTIVE) - Bill Details

Law Section:
General Municipal

S4450B (ACTIVE) - Bill Texts

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Authorizes the town of Stockport to transfer reserve funds to the Water Fund for repayment of a loan from the Town Sewer No. 1 Fund.

view sponsor memo
BILL NUMBER:S4450B

TITLE OF BILL: An act authorizing the town of Stockport to transfer
reserve funds to the Water Fund for repayment of an inter-fund advance
from the Town Sewer
1 Fund

PURPOSE OR GENERAL IDEA OF BILL: To authorize the Town of Stockport to
transfer capital reserve funds to the Water Fund for repayment of an
inter-fund advance.

SUMMARY OF SPECIFIC PROVISIONS: The bill, notwithstanding Section 6-c
of the General Municipal Law or any other provision to the contrary,
authorizes the governing board of the Town of Stockport to transfer
$100,000 from the Town's Capital Reserve Fund to the Water Fund for
repayment of an inter-fund advance.

JUSTIFICATION: As of December 31, 2012, the Town of Stockport's Water
fund faced an unreserved cash shortage of nearly $100,000.
Consequently, water rates were adjusted dramatically in the 2013
budget and are anticipated to increase a typical user's annual water
bill from $58.56 annually to $241.92 annually.

If this special legislation is granted, thereby allowing the Town to
transfer $100,000 for its Capital Reserve Fund to the Water Fund, the
Town estimates that the user charges could be stabilized at a lower
rate sparing users as much as $80 per quarter, thus providing some
relief to struggling home owners and businesses.

PRIOR LEGISLATIVE HISTORY: New bill.

FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS: None to the
State.

EFFECTIVE DATE: This act would take effect immediately.

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

                                 4450--B
    Cal. No. 588

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              April 1, 2013
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed  to  be  committed  to  the  Committee  on Local Government --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted  to said committee -- reported favorably from said commit-
  tee, ordered to first and second report, ordered to a  third  reading,
  amended  and  ordered  reprinted,  retaining its place in the order of
  third reading

AN ACT authorizing the town of Stockport to transfer  reserve  funds  to
  the  Water  Fund  for repayment of an inter-fund advance from the Town
  Sewer #1 Fund

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

  Section  1.  The  town  of  Stockport  was  unable  to  pay  its water
district's 2012 obligations, needed a $100,000 inter-fund  advance  from
the  Town  Sewer #1 Fund to pay such obligations, and is unable to repay
such inter-fund advance by the close of the fiscal  year  in  which  the
advance  was made as is required by section 9-a of the general municipal
law, without a significant  rate  increase,  therefore,  notwithstanding
section  6-c  of the general municipal law or any other provision to the
contrary, the governing board of the town of Stockport may authorize  by
resolution  the  transfer  of  $100,000  from  the  Capital Reserve Fund
created for the purpose of financing the acquisition and/or construction
of a municipal complex pursuant to section 6-c of the general  municipal
law  to the Water Fund for repayment of such inter-fund advance from the
Town Sewer #1 Fund provided that such transfer does not  result  in  the
effect  that  properties  that  are  not  included  in  the town's water
district contribute proportionally more for any project funded  by  such
capital  reserve  fund  than  the  properties  included  in  such  water
district. The resolution authorized pursuant to this section  shall  not
be subject to referendum.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09773-07-3

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