Senate Bill S6670

Signed By Governor
2017-2018 Legislative Session

Relates to the usage of moneys received from foreign fire insurance companies

download bill text pdf

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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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2017-S6670 (ACTIVE) - Details

See Assembly Version of this Bill:
A8314
Law Section:
Insurance
Laws Affected:
Amd §1, Chap 308 of 1912

2017-S6670 (ACTIVE) - Summary

Relates to the usage of moneys received from foreign fire insurance companies.

2017-S6670 (ACTIVE) - Sponsor Memo

2017-S6670 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6670
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               June 12, 2017
                                ___________
 
 Introduced  by  Sen.  STEWART-COUSINS -- read twice and ordered printed,
   and when printed to be committed to the Committee on Rules
 
 AN ACT to amend chapter 308 of the laws of 1912  relating  to  providing
   for  the  distribution of the percentage or tax on receipts of foreign
   fire insurance companies doing business in the  city  of  Yonkers,  in
   relation  to  the usage of moneys received from foreign fire insurance
   companies
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  1 of chapter 308 of the laws of 1912 relating to
 providing for the distribution of the percentage or tax on  receipts  of
 foreign  fire insurance companies doing business in the city of Yonkers,
 as amended by chapter 920 of the laws of 1962, is  amended  to  read  as
 follows:
   §  1.  The corporation known as the Mutual Aid Association of the Paid
 Fire Department of the city of Yonkers, New York, shall be  entitled  to
 collect  and there shall be paid to it the percentage or tax on receipts
 of the foreign fire insurance companies doing business in  the  city  of
 Yonkers,  under the provisions of [sections five hundred fifty-three and
 fifty-four of] the insurance law[. The trustees of the Mutual Aid  Asso-
 ciation  of  the  Paid Fire Department of the city of Yonkers, New York,
 shall within ten days after the receipt of the same, pay to the treasur-
 er of the Firemen's Association of the state of New York ten per  centum
 of  the  amount  so received by it for the support or maintenance of the
 Volunteer Firemen's Home at Hudson, and shall pay  the  balance  to  the
 treasurer  or  chief fiscal officer of the Mutual Aid Association of the
 Paid Fire Department of the city of Yonkers, New York,] to be used  [for
 the care of indigent and disabled firemen and their families] IN ACCORD-
 ANCE  WITH SECTIONS NINE THOUSAND ONE HUNDRED FOUR AND NINE THOUSAND ONE
 HUNDRED FIVE OF THE INSURANCE LAW.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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