senate Bill S6632

2013-2014 Legislative Session

Relates to rental payments from the NYC water board

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2014 committed to rules
Mar 06, 2014 advanced to third reading
Mar 05, 2014 2nd report cal.
Mar 04, 2014 1st report cal.238
Feb 19, 2014 referred to cities

Votes

view votes

Mar 4, 2014 - Cities committee Vote

S6632
4
0
committee
4
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Cities committee vote details

Cities Committee Vote: Mar 4, 2014

aye wr (1)

S6632 - Details

See Assembly Version of this Bill:
A9228
Law Section:
New York City Administrative Code
Laws Affected:
Add ยง5-511, NYC Ad Cd

S6632 - Summary

Relates to rental payments from the NYC water board; requires the general fund of NYC to provide to the local water fund an amount equal to the amount requested by NYC pursuant to the base rental sum of money pursuant to the lease terms; requires fifty percent of these sums shall be used to provide rebates to residential water and sewer accounts and fifty percent to pay principal and interest on certain outstanding debt.

S6632 - Sponsor Memo

S6632 - Bill Text download pdf

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

                                  6632

                            I N  S E N A T E

                            February 19, 2014
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation to rental payments from the New York city water board

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

  Section 1. The administrative code of the city of New York is  amended
by adding a new section 5-511 to read as follows:
  S  5-511 RENTAL PAYMENTS FROM THE NEW YORK CITY WATER BOARD.  NOTWITH-
STANDING ANY REQUEST OF THE CITY OF NEW YORK FOR A RENTAL  PAYMENT  FROM
THE  NEW YORK CITY WATER BOARD ESTABLISHED PURSUANT TO SECTION ONE THOU-
SAND FORTY-SIX OF THE PUBLIC AUTHORITIES LAW, THE GENERAL  FUND  OF  THE
CITY  OF  NEW  YORK  SHALL  PROVIDE TO THE LOCAL WATER FUND, ESTABLISHED
PURSUANT TO SUBDIVISION TWO OF SECTION ONE THOUSAND FORTY-FIVE-J OF  THE
PUBLIC  AUTHORITIES  LAW AND THE LEASE AGREEMENT BETWEEN THE CITY OF NEW
YORK AND THE NEW YORK CITY WATER BOARD, AN AMOUNT EQUAL  TO  THE  AMOUNT
REQUESTED  BY  THE  CITY  OF NEW YORK PURSUANT TO THE BASE RENTAL SUM OF
MONEY PURSUANT TO THE TERMS OF SUCH LEASE. FIFTY PERCENT OF SUCH SUMS OF
MONIES SHALL BE USED TO PROVIDE REBATES ACROSS THE BOARD TO  RESIDENTIAL
WATER AND SEWER ACCOUNTS AND FIFTY PERCENT TO PAY PRINCIPAL AND INTEREST
ON  OUTSTANDING  DEBT  ISSUED  BY  THE  CITY OF NEW YORK BEFORE NINETEEN
HUNDRED EIGHTY-FIVE FOR CAPITAL PROJECTS IN THE WATER AND SEWER  SYSTEM,
UNTIL  SUCH  DEBT  IS  PAID, WHEREUPON SUCH SUM SHALL BE USED TO PROVIDE
REBATES ACROSS THE BOARD TO RESIDENTIAL WATER AND SEWER ACCOUNTS.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14041-01-4

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