Senate Bill S1692

Signed By Governor
2015-2016 Legislative Session

Relates to the adoption of the budget by the city of Lockport and actions of the state comptroller relating thereto

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Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-S1692 (ACTIVE) - Details

See Assembly Version of this Bill:
A3546
Law Section:
Olean, City of
Laws Affected:
Amd §5, Chap 332 of 2014

2015-S1692 (ACTIVE) - Summary

Relates to the adoption of the budget by the city of Lockport and actions of the state comptroller relating thereto.

2015-S1692 (ACTIVE) - Sponsor Memo

2015-S1692 (ACTIVE) - Bill Text download pdf 

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

                                  1692

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 14, 2015
                               ___________

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

AN ACT to amend chapter 332 of the laws of 2014 relating to  authorizing
  the  city  of Lockport, in the county of Niagara, to finance a certain
  deficit by the issuance of bonds, in relation to adoption of the budg-
  et by the city of Lockport

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

  Section  1. Subdivision (c) of section 5 of chapter 332 of the laws of
2014 relating to authorizing the city of  Lockport,  in  the  county  of
Niagara,  to  finance  a  certain  deficit  by the issuance of bonds, is
amended to read as follows:
  (c) For the fiscal year beginning January 1, 2015 and for each  fiscal
year  thereafter  during  which such debt or any debt incurred to refund
such debt is outstanding, the mayor of the city  of  Lockport  or  other
officer  or  officers  responsible  for the preparation of the tentative
budget shall submit the tentative budget for the next succeeding  fiscal
year  to the state comptroller no later than thirty days before the last
date on which the budget must be finally adopted. The state  comptroller
shall  examine  such  proposed  budget  and make such recommendations as
deemed appropriate thereon to the common council of the city of Lockport
no later than ten days before the last date on which the budget must  be
finally  adopted.  Such  recommendations shall be made after examination
into the estimates of revenues and expenditures of the city of Lockport.
The common council of the city of Lockport,  no  later  than  five  days
prior  to  the adoption of the budget, shall review any such recommenda-
tions and [may] make adjustments to its proposed budget consistent  with
any  recommendations made by the state comptroller. [Any recommendations
that the common council rejects shall be explained  in  writing  to  the
state  comptroller.]  The  action  or  inaction of the state comptroller
under this section shall not be construed to affect the  legal  validity

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07657-01-5

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