| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Feb 20, 2024 |
referred to finance |
Senate Bill S8592
2023-2024 Legislative Session
Sponsored By
(D) 32nd Senate District
Archive: Last Bill Status - In Senate Committee Finance Committee
Actions
co-Sponsors
(D, WF) 31st Senate District
(R, C) 24th Senate District
2023-S8592 (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §54, St Fin L
- Versions Introduced in 2025-2026 Legislative Session:
-
S5794
2023-S8592 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8592
SPONSOR: SEPULVEDA
TITLE OF BILL:
An act to amend the state finance law, in relation to including the city
of New York in the aid and incentives for municipalities program
PURPOSE:
To add New York City back into the aid and incentives for municipalities
program
SUMMARY OF PROVISIONS:
Section 1. The opening paragraph j of subdivision 10 of section 54 of
the state finance law, is amended to include the City of New York. In
the state fiscal years April first, two thousand twenty-four and in each
state fiscal year thereafter, a city with a population of one million or
more shall receive three hundred one million six hundred fifty-eight
thousand four hundred ninety-five dollars payable on or before December
fifteenth. Special aid and incentives for municipalities to the city of
2023-S8592 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
8592
I N S E N A T E
February 20, 2024
___________
Introduced by Sens. SEPULVEDA, JACKSON, LANZA -- read twice and ordered
printed, and when printed to be committed to the Committee on Finance
AN ACT to amend the state finance law, in relation to including the city
of New York in the aid and incentives for municipalities program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The opening paragraph of paragraph j of subdivision 10 of
section 54 of the state finance law, as amended by section 4 of part I
of chapter 57 of the law of 2011, is amended to read as follows:
In the state fiscal year commencing April first, two thousand seven a
city with a population of one million or more shall receive twenty
million dollars on or before December fifteenth. In the state fiscal
year commencing April first, two thousand eight, a city with a popu-
lation of one million or more shall receive two hundred forty-five
million nine hundred forty-four thousand eight hundred thirty-four
dollars payable on or before December fifteenth. In the state fiscal
[year] YEARS commencing April first, two thousand nine, AND APRIL FIRST,
TWO THOUSAND TWENTY-FOUR AND IN EACH STATE FISCAL YEAR THEREAFTER, a
city with a population of one million or more shall receive three
hundred one million six hundred fifty-eight thousand four hundred nine-
ty-five dollars payable on or before December fifteenth. Special aid and
incentives for municipalities to the city of New York shall be appor-
tioned and paid as required as follows:
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14472-01-4
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