Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 17, 2020 |
signed chap.118 |
Jun 05, 2020 |
delivered to governor |
May 27, 2020 |
returned to senate passed assembly ordered to third reading rules cal.26 substituted for a9789a |
May 27, 2020 |
substituted by s8400 rules report cal.26 reported reported referred to rules |
May 25, 2020 |
reference changed to ways and means |
May 24, 2020 |
print number 9789a |
May 24, 2020 |
amend and recommit to cities |
Feb 11, 2020 |
referred to cities |
Assembly Bill A9789A
Signed By Governor2019-2020 Legislative Session
Sponsored By
BRAUNSTEIN
Archive: Last Bill Status Via S8400 - 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
co-Sponsors
Richard Gottfried
2019-A9789 - Details
- See Senate Version of this Bill:
- S8400
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §25, Gen Muni L; amd §8, Chap 868 of 1975
2019-A9789 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9789 I N A S S E M B L Y February 11, 2020 ___________ Introduced by M. of A. BRAUNSTEIN -- 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 the estab- lishment by the city of New York of a revenue stabilization fund and variations from generally accepted accounting principles as applied to the budget and accounts of such city in connection with such fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 25 of the general municipal law, as added by chap- ter 406 of the laws of 2019, is amended to read as follows: § 25. Treatment of capital costs and [restricted] CERTAIN fund balances OF THE CITY OF NEW YORK; REVENUE STABILIZATION FUND OF SUCH CITY. 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 stabilization fund, the school crossing guards health insurance fund, ANY REVENUE STABILIZATION FUND ESTABLISHED PURSUANT TO SECTION FIFTEEN EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
co-Sponsors
Richard Gottfried
Rebecca Seawright
Robert J. Rodriguez
Jo Anne Simon
multi-Sponsors
Catherine Nolan
2019-A9789A (ACTIVE) - Details
- See Senate Version of this Bill:
- S8400
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §25, Gen Muni L; amd §8, Chap 868 of 1975
2019-A9789A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9789--A I N A S S E M B L Y February 11, 2020 ___________ Introduced by M. of A. BRAUNSTEIN, GOTTFRIED -- 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 the estab- lishment by the city of New York of a revenue stabilization fund and variations from generally accepted accounting principles as applied to the budget and accounts of such city in connection with such fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 25 of the general municipal law, as added by chap- ter 406 of the laws of 2019, is amended to read as follows: § 25. Treatment of capital costs and [restricted] CERTAIN fund balances OF THE CITY OF NEW YORK; REVENUE STABILIZATION FUND OF SUCH CITY. 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 stabilization fund, the school crossing guards health insurance fund, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.