senate Bill S2907

Signed By Governor
2015-2016 Legislative Session

Provides that the period of probable usefulness of the installation or reconstruction of a heating system is 15 years for purposes of local financing

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A4586 - Signed by Governor


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

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Actions

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Oct 26, 2015 signed chap.377
Oct 14, 2015 delivered to governor
Jun 01, 2015 returned to assembly
passed senate
substituted for s2907
Jun 01, 2015 substituted by a4586
May 18, 2015 advanced to third reading
May 13, 2015 2nd report cal.
May 12, 2015 1st report cal.607
Jan 30, 2015 referred to local government

Co-Sponsors

S2907 (ACTIVE) - Details

See Assembly Version of this Bill:
A4586
Law Section:
Local Finance Law
Laws Affected:
Amd ยง11.00, Loc Fin L
Versions Introduced in 2013-2014 Legislative Session:
S7584, A10052

S2907 (ACTIVE) - Summary

Provides that the period of probable usefulness of the installation or reconstruction of a heating system is 15 years for purposes of local financing.

S2907 (ACTIVE) - Sponsor Memo

S2907 (ACTIVE) - Bill Text download pdf

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

                                  2907

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 30, 2015
                               ___________

Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the local finance law, in  relation  to  the  period  of
  probable usefulness of heating systems

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

  Section 1. Subdivision 13 of paragraph a of section 11.00 of the local
finance law, as amended by chapter 837 of the laws of 1945,  is  amended
to read as follows:
  13.  Certain  building alterations. The installation or reconstruction
of a [heating,] lighting, plumbing, ventilating, elevator or power plant
or system in a  building  when  not  in  connection  with  the  original
construction  or  the reconstruction of such building, in a class "A" or
"B" building, ten years; in a class  "C"  building,  five  years.    THE
INSTALLATION  OR  RECONSTRUCTION  OF A HEATING SYSTEM IN A BUILDING WHEN
NOT IN CONNECTION WITH THE ORIGINAL CONSTRUCTION OR  THE  RECONSTRUCTION
OF SUCH BUILDING IN A CLASS "A", "B" OR "C" BUILDING, FIFTEEN YEARS. The
terms  "class  'A' building," "class 'B' building" and "class 'C' build-
ing," as used in this subdivision, shall mean such buildings as they are
described in subdivision eleven of this paragraph.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06298-02-5

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