| Date of Action |
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 |
Senate Bill S6632
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
Actions
Votes
2013-S6632 (ACTIVE) - Details
2013-S6632 (ACTIVE) - 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.
2013-S6632 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6632
TITLE OF BILL: 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
PURPOSE:
To provide rebates to residential water and sewer accounts as well as
paying off outstanding principal and interest on debt issued by the
city of New York before 1985 for capital projects in the water and
sewer system.
SUMMARY OF PROVISIONS:
Section 1 amends the administrative code of New York city by adding
new section 5- 511 to require that the general fund of the City of New
York provide to the local water fund an amount equal to the amount
requested by the City of New York pursuant in the lease agreement
between the City of New York and the New York City Water Board and
requires that fifty percent of such a payment be used to provide
rebates to residential water and sewer account and the other fifty
percent be used to ameliorate outstanding debt issued by the City of
New York before 1985 for capital projects pertaining to water and
sewer systems, when such debt is paid of the full amount shall be used
in the form of residential rebates.
2013-S6632 (ACTIVE) - 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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