Assembly Bill A4890

2019-2020 Legislative Session

Relates to prompt payments to counties by the state

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • 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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2019-A4890 (ACTIVE) - Details

Current Committee:
Assembly Governmental Operations
Law Section:
State Finance Law
Laws Affected:
Amd §179-f, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9519
2013-2014: A4907
2015-2016: A5101
2017-2018: A4823
2021-2022: A4206
2023-2024: A1400

2019-A4890 (ACTIVE) - Summary

Relates to prompt payments to counties by the state.

2019-A4890 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4890
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 5, 2019
                                ___________
 
 Introduced  by  M.  of A. BLANKENBUSH, DiPIETRO, HAWLEY, CROUCH, GIGLIO,
   BRABENEC, D'URSO -- Multi-Sponsored by -- M. of A. B. MILLER  --  read
   once and referred to the Committee on Governmental Operations
 
 AN  ACT to amend the state finance law, in relation to prompt payment to
   counties from the state

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 179-f of the state finance law, as
 amended  by  chapter  332  of  the  laws  of 1989, is amended to read as
 follows:
   1. Each state agency which is required to make a  payment  from  state
 funds  pursuant  to  a  contract  and  which does not make such contract
 payment by the required payment date shall make an interest  payment  to
 the  contractor OR COUNTY GOVERNMENT in accordance with this article, OR
 OTHER PROVISIONS OF LAW, on the amount of the contract payment which  is
 due,  unless  failure  to  make such contract payment is the result of a
 lien, attachment, or other legal process  against  the  money  due  said
 contractor  OR  COUNTY  GOVERNMENT, or unless the amount of the interest
 payment as computed in accordance with the  provisions  of  section  one
 hundred  seventy-nine-g  of this article is less than ten dollars. A pro
 rata share of such interest shall be paid by the contractor  or  subcon-
 tractor,  as  the  case  may  be, to subcontractors and materialmen in a
 proportion equal to the percentage  of  their  pro  rata  share  of  the
 contract  payment.  Such pro rata share of interest shall be due to such
 subcontractors and materialmen only for those  payments  which  are  not
 paid to such subcontractors and materialmen prior to the date upon which
 interest  begins  to accrue between the state agency and the contractor.
 Such pro rata share of interest  shall  be  computed  daily  until  such
 payments are made to the subcontractors and materialmen.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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