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Senate Bill S668

2017-2018 Legislative Session

Relates to indexing of appropriations

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Archive: Last Bill Status - In Senate Committee Finance Committee

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2017-S668 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Highway Law
Laws Affected:
Amd §10-c, Hway L
Versions Introduced in Other Legislative Sessions:
2013-2014: S6823
2015-2016: S664
2019-2020: S3546
2021-2022: S3931
2023-2024: S4642, S9510
2025-2026: S2259

2017-S668 (ACTIVE) - Summary

Relates to indexing of appropriations; provides that on and after January first, two thousand nineteen 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.

2017-S668 (ACTIVE) - Sponsor Memo

2017-S668 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    668
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 4, 2017
                                ___________
 
 Introduced  by  Sens.  KENNEDY, DILAN -- read twice and ordered printed,
   and when printed to be committed to the Committee on Finance
 
 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 NINETEEN 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.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00648-01-7

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