|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
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6632 - Details
- See Assembly Version of this Bill:
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Add §5-511, 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
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.
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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