Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 23, 2019 |
signed chap.406 |
Oct 21, 2019 |
delivered to governor |
Jun 19, 2019 |
returned to senate passed assembly ordered to third reading rules cal.452 substituted for a6294a |
Jun 19, 2019 |
substituted by s4196 |
Jun 17, 2019 |
ordered to third reading rules cal.452 rules report cal.452 reported reported referred to rules |
Jun 14, 2019 |
reported referred to ways and means |
Mar 21, 2019 |
print number 6294a |
Mar 21, 2019 |
amend and recommit to cities |
Mar 04, 2019 |
referred to cities |
Assembly Bill A6294A
Signed By Governor2019-2020 Legislative Session
Sponsored By
WEINSTEIN
Archive: Last Bill Status Via S4196 - 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
Actions
Votes
Bill Amendments
2019-A6294 - Details
- See Senate Version of this Bill:
- S4196
- Law Section:
- General Municipal Law
- Laws Affected:
- Add §25, Gen Muni L; amd §8, Chap 868 of 1975
2019-A6294 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6294 2019-2020 Regular Sessions I N A S S E M B L Y March 4, 2019 ___________ Introduced by M. of A. WEINSTEIN -- read once and referred to the Committee on Cities AN ACT to amend the general municipal law and the New York state finan- cial emergency act for the city of New York, in relation to certain variations from generally accepted accounting principles as applied to the budget and accounts of the city of New York THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general municipal law is amended by adding a new section 25 to read as follows: § 25. TREATMENT OF CAPITAL COSTS AND RESTRICTED FUND BALANCES. NOTWITHSTANDING THE PROVISIONS OF ANY GENERAL OR SPECIAL STATE LAW OR LOCAL LAW TO THE CONTRARY, INCLUDING BUT NOT LIMITED TO THE NEW YORK CITY CHARTER, THE FOLLOWING SHALL APPLY WITH RESPECT TO THE BUDGET AND ACCOUNTS OF THE CITY OF NEW YORK: 1. ALL COSTS THAT WOULD BE CAPITAL COSTS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, BUT FOR THE APPLICATION OF GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NUMBER FORTY-NINE, SHALL BE DEEMED TO BE CAPITAL COSTS FOR PURPOSES OF THIS CHAPTER AND ANY OTHER PROVISION OF STATE OR LOCAL LAW, INCLUDING BUT NOT LIMITED TO THE NEW YORK CITY CHARGER, RELEVANT TO THE TREATMENT OF SUCH COSTS; AND 2. THE DETERMINATION AS TO THE EXISTENCE OF A DEFICIT PURSUANT TO THE NEW YORK STATE FINANCIAL EMERGENCY ACT FOR THE CITY OF NEW YORK, WHILE SUCH ACT REMAINS IN EFFECT, AND ANY OTHER PROVISION OF STATE OR LOCAL LAW, INCLUDING BUT NOT LIMITED TO THE NEW YORK CITY CHARTER, SHALL BE MADE WITHOUT REGARD TO CHANGES IN RESTRICTED FUND BALANCES, AS DEFINED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD, WHERE RESTRICTIONS IN RELATION TO SUCH FUND BALANCES ARE IMPOSED BY STATE OR FEDERAL LAW OR REGULATION, OR OTHERWISE BY PRIVATE OR GOVERNMENTAL PARTIES OTHER THAN THE CITY OF NEW YORK, AND WITHOUT REGARD TO FUNDS HELD IN THE HEALTH EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10352-01-9
co-Sponsors
Charles Barron
2019-A6294A (ACTIVE) - Details
- See Senate Version of this Bill:
- S4196
- Law Section:
- General Municipal Law
- Laws Affected:
- Add §25, Gen Muni L; amd §8, Chap 868 of 1975
2019-A6294A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6294--A 2019-2020 Regular Sessions I N A S S E M B L Y March 4, 2019 ___________ Introduced by M. of A. WEINSTEIN -- read once and referred to the Committee on Cities -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general municipal law and the New York state finan- cial emergency act for the city of New York, in relation to certain variations from generally accepted accounting principles as applied to the budget and accounts of the city of New York THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general municipal law is amended by adding a new section 25 to read as follows: § 25. TREATMENT OF CAPITAL COSTS AND RESTRICTED FUND BALANCES. NOTWITHSTANDING THE PROVISIONS OF ANY GENERAL OR SPECIAL STATE LAW OR LOCAL LAW TO THE CONTRARY, INCLUDING BUT NOT LIMITED TO THE NEW YORK CITY CHARTER, THE FOLLOWING SHALL APPLY WITH RESPECT TO THE BUDGET AND ACCOUNTS OF THE CITY OF NEW YORK: 1. ALL COSTS THAT WOULD BE CAPITAL COSTS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, BUT FOR THE APPLICATION OF GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NUMBER FORTY-NINE, SHALL BE DEEMED TO BE CAPITAL COSTS FOR PURPOSES OF THIS CHAPTER AND ANY OTHER PROVISION OF STATE OR LOCAL LAW, INCLUDING BUT NOT LIMITED TO THE NEW YORK CITY CHARTER, RELEVANT TO THE TREATMENT OF SUCH COSTS; AND 2. THE DETERMINATION AS TO THE EXISTENCE OF A DEFICIT PURSUANT TO THE NEW YORK STATE FINANCIAL EMERGENCY ACT FOR THE CITY OF NEW YORK, WHILE SUCH ACT REMAINS IN EFFECT, AND ANY OTHER PROVISION OF STATE OR LOCAL LAW, INCLUDING BUT NOT LIMITED TO THE NEW YORK CITY CHARTER, SHALL BE MADE WITHOUT REGARD TO CHANGES IN RESTRICTED FUND BALANCES, AS DEFINED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD, WHERE RESTRICTIONS IN RELATION TO SUCH FUND BALANCES ARE IMPOSED BY STATE OR FEDERAL LAW OR REGULATION, OR OTHERWISE BY PRIVATE OR GOVERNMENTAL PARTIES OTHER THAN THE CITY OF NEW YORK, AND WITHOUT REGARD TO FUNDS HELD IN THE HEALTH EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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