senate Bill S6823

2013-2014 Legislative Session

Relates to indexing of appropriations

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Sponsored By

Archive: Last Bill Status - In Senate Committee


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

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 13, 2014 referred to transportation

Co-Sponsors

S6823 - Details

Current Committee:
Law Section:
Highway Law
Laws Affected:
Amd §10-c, Hway L

S6823 - Summary

Relates to indexing of appropriations; provides that on and after January first, two thousand sixteen and on each following January first, the commissioner shall index the level of such appropriations for subsequent state fiscal years based on the national highway construction cost index for the most recent twelve month period; provides that the commissioner shall increase appropriations by the rate of inflation for the most recent twelve month period that is available at the time the adjusted rate is calculated and announced using the national highway construction cost index, or a successor index as calculated by the United States federal highway administration, if such rate of inflation is greater than zero percent.

S6823 - Sponsor Memo

S6823 - Bill Text download pdf

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

                                  6823

                            I N  S E N A T E

                             March 13, 2014
                               ___________

Introduced  by  Sens.  KENNEDY, DILAN -- read twice and ordered printed,
  and when printed to be committed to the Committee on Transportation

AN ACT to amend the highway law, in relation to indexing appropriations

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

  Section  1.  Subdivision  2  of  section  10-c  of the highway law, as
amended by chapter 355 of the laws  of  1999,  is  amended  to  read  as
follows:
  2.  On  or  before  the twenty-fifth day of April, June, September and
November of each state fiscal year commencing with the state fiscal year
beginning on April first, nineteen hundred eighty-four  there  shall  be
distributed  and  paid to counties, cities, towns and villages an amount
equal to the moneys  appropriated  for  the  purposes  of  this  section
divided  by  the number of payment dates in that state fiscal year. Such
amounts shall be distributed and paid pursuant to subdivision  three  of
this  section.   PROVIDED, HOWEVER, THAT ON AND AFTER JANUARY FIRST, TWO
THOUSAND SIXTEEN AND ON EACH FOLLOWING JANUARY FIRST,  THE  COMMISSIONER
SHALL INDEX THE LEVEL OF SUCH APPROPRIATIONS FOR SUBSEQUENT STATE FISCAL
YEARS BASED ON THE NATIONAL HIGHWAY CONSTRUCTION COST INDEX FOR THE MOST
RECENT  TWELVE  MONTH  PERIOD. THE COMMISSIONER SHALL INCREASE APPROPRI-
ATIONS BY THE RATE OF INFLATION FOR THE MOST RECENT TWELVE MONTH  PERIOD
THAT  IS  AVAILABLE  AT  THE  TIME  THE  ADJUSTED RATE IS CALCULATED AND
ANNOUNCED USING THE NATIONAL  HIGHWAY  CONSTRUCTION  COST  INDEX,  OR  A
SUCCESSOR  INDEX  AS  CALCULATED  BY  THE  UNITED STATES FEDERAL HIGHWAY
ADMINISTRATION, IF SUCH RATE OF INFLATION IS GREATER THAN ZERO PERCENT.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14351-01-4

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