Assembly Bill A4138

2021-2022 Legislative Session

Relates to requiring a certain percentage of the dedicated highway and bridge trust fund's revenue to be disbursed on a pay-as-you-go basis for capital projects

download bill text pdf

Sponsored By

Archive: Last Bill Status - Stricken

  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2021-A4138 (ACTIVE) - Details

Law Section:
State Finance Law
Laws Affected:
Amd §89-b, St Fin L
Versions Introduced in Other Legislative Sessions:
2015-2016: A3577
2017-2018: A705
2019-2020: A2668

2021-A4138 (ACTIVE) - Summary

Relates to requiring a certain percentage of the dedicated highway and bridge trust fund's revenue be disbursed on a pay-as-you-go basis for capital projects.

2021-A4138 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4138
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2021
                                ___________
 
 Introduced  by  M.  of  A.  RODRIGUEZ  --  read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the state finance law, in relation  to  capital  project
   spending by the dedicated highway and bridge trust fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 89-b of the state finance law is amended by  adding
 a new subdivision 12 to read as follows:
   12.  (A) BY THE YEAR TWO THOUSAND TWENTY-FOUR, THIRTY PERCENT OF DEDI-
 CATED REVENUE REMAINING AFTER  DEBT  SERVICE  HAS  BEEN  PAID  SHALL  BE
 DISBURSED  ON  A PAY-AS-YOU-GO BASIS FROM THE FUND FOR CAPITAL PROJECTS.
 BY THE YEAR TWO THOUSAND THIRTY,  FORTY  PERCENT  OF  DEDICATED  REVENUE
 REMAINING  AFTER DEBT SERVICE HAS BEEN PAID SHALL BE DISBURSED ON A PAY-
 AS-YOU-GO BASIS FROM THE FUND FOR CAPITAL  PROJECTS.  BY  THE  YEAR  TWO
 THOUSAND  FORTY,  FIFTY PERCENT OF ALL DEDICATED REVENUE REMAINING AFTER
 DEBT SERVICE HAS BEEN PAID SHALL BE DISBURSED ON A  PAY-AS-YOU-GO  BASIS
 FROM THE FUND FOR CAPITAL PROJECTS.
   (B)  DURING  YEARS  IN WHICH TOTAL DEDICATED REVENUE IS TWENTY PERCENT
 LESS THAN THE PREVIOUS YEAR, THESE DISBURSEMENT  REQUIREMENTS  SHALL  BE
 DEEMED WAIVED FOR THAT YEAR.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03036-01-1

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.