senate Bill S4729

Signed By Governor
2013-2014 Legislative Session

Provides temporary alternative methods of financing storm relief expenses

download bill text pdf

Archive: Last Bill Status Via A5551 - 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
Nov 13, 2013 signed chap.476
Nov 01, 2013 delivered to governor
Jun 17, 2013 returned to assembly
passed senate
3rd reading cal.1389
substituted for s4729
Jun 17, 2013 substituted by a5551
ordered to third reading cal.1389
Apr 19, 2013 referred to rules

Votes

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S4729 - Details

See Assembly Version of this Bill:
A5551
Law Section:
Local Finance Law
Laws Affected:
Amd ยง26.10, Loc Fin L
Versions Introduced in Previous Legislative Sessions:
2011-2012: A5551
2009-2010: A8938

S4729 - Summary

Provides temporary alternative methods of financing storm relief expenses.

S4729 - Sponsor Memo

S4729 - Bill Text download pdf

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

                                  4729

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             April 19, 2013
                               ___________

Introduced  by  COMMITTEE  ON  RULES  --  (at request of the State Comp-
  troller) -- read twice and ordered printed, and  when  printed  to  be
  committed to the Committee on Rules

AN ACT to amend the local finance law, in relation to temporary alterna-
  tive methods of financing storm relief expenses

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

  Section 1. Section 26.10 of the local finance law, as added by chapter
599 of the laws of 1973, paragraph a and subdivisions  1,  2  and  3  of
paragraph  b  as amended by chapter 157 of the laws of 2006 and subdivi-
sions 4, 5 and 6 of paragraph b, subdivisions 1, 2, 3 and 7 of paragraph
c as amended by chapter 87 of the laws of 1996, is amended  to  read  as
follows:
  S  26.10  Temporary  alternative  methods  of financing [flood-relief]
STORM RELIEF expenses.  a. Definitions. [1. With respect to any  munici-
pality which has a calendar fiscal year which commenced on the first day
of  January,  two thousand five, the] AS USED IN THIS SECTION, THE terms
"extraordinary expenses [for flood] OF STORM relief" and "such  extraor-
dinary  expenses"[,  as used in this section,] shall mean [the] expenses
incurred BY A MUNICIPALITY,  SCHOOL  DISTRICT  OR  DISTRICT  CORPORATION
BEFORE  THE  FIRST  DAY  OF  JANUARY, TWO THOUSAND FOURTEEN, for [flood]
STORM relief projects [involving the] NECESSITATED BY DAMAGE  CAUSED  BY
THE   STORM  COMMONLY  KNOWN  AS  SANDY  ON  OR  SHORTLY  AFTER  OCTOBER
TWENTY-NINTH, TWO THOUSAND TWELVE.  THE  TERM  "STORM  RELIEF  PROJECTS"
SHALL  MEAN  THE  REPAIR  OR  RECONSTRUCTION  OF  public  thoroughfares,
[public] BUILDINGS, places, and projects of  such  municipality  [during
any  or  all  of  the  months of such year], SCHOOL DISTRICT OR DISTRICT
CORPORATION, in excess of the normal  expenses  which  would  have  been
incurred  for  such  purposes  during  such periods as determined by the
finance board of such municipality [and also any  interest  payments  on
revenue  anticipation  notes  issued  in  anticipation of the receipt of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05523-01-3

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