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Assembly Bill A3115

2015-2016 Legislative Session

Relates to the repayment of appropriations made for the construction of a civic center in Albany

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Archive: Last Bill Status - In Assembly Committee

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2015-A3115 (ACTIVE) - Details

See Senate Version of this Bill:
S2365
Current Committee:
Assembly Ways And Means
Law Section:
Albany County
Laws Affected:
Amd ยง20, Chap 41 of 1985
Versions Introduced in 2013-2014 Legislative Session:
A9197

2015-A3115 (ACTIVE) - Summary

Relates to the repayment of appropriations made for the construction of a civic center in Albany; provides that moneys received on or before April 30, 2015 shall be deemed full repayment.

2015-A3115 (ACTIVE) - Bill Text download pdf

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

    S. 2365                                                  A. 3115

                       2015-2016 Regular Sessions

                      S E N A T E - A S S E M B L Y

                            January 22, 2015
                               ___________

IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

IN ASSEMBLY -- Introduced by M. of A. STECK -- read once and referred to
  the Committee on Ways and Means

AN ACT to amend chapter 41 of the laws of 1985 relating to providing for
  the construction of a civic center in Albany and making appropriations
  relating  to  the  construction  of  such facility, in relation to the
  repayment of such appropriation

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

  Section  1.  Section  20 of chapter 41 of the laws of 1985 relating to
providing for the construction of a civic center in  Albany  and  making
appropriations relating to the construction of such facility, is amended
to read as follows:
  S  20.  The state comptroller is hereby authorized to receive from the
county, repayment of money disbursed from  this  appropriation  and  any
income  or  increment related thereto due to the investment thereof, and
to deposit the  same  to  the  credit  of  the  capital  projects  fund;
PROVIDED,  HOWEVER  THAT  ANY AND ALL MONEYS RECEIVED BY THE STATE COMP-
TROLLER FROM THE COUNTY OF ALBANY ON OR BEFORE APRIL 30, 2015, SHALL  BE
DEEMED  TO  BE  FULL REPAYMENT OF THE MONEY DISBURSED FROM THE APPROPRI-
ATION MADE IN SECTION ELEVEN OF THIS ACT AND  ANY  INCOME  OR  INCREMENT
RELATED THERETO DUE TO THE INVESTMENT THEREOF.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04468-01-5


              

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