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Senate Bill S10489

2025-2026 Legislative Session

Authorizes the village of Hempstead, in the county of Nassau, to amortize over a period of 20 years, the payments made to village employees upon separation from employment

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Current Bill Status - In Senate Committee Local Government Committee

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2025-S10489 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Local Finance Law
Laws Affected:
Amd §11.00, Loc Fin L

2025-S10489 (ACTIVE) - Summary

Authorizes the village of Hempstead, in the county of Nassau, to amortize over a period of 20 years, the payments made to village employees upon separation from employment.

2025-S10489 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10489
 
                             I N  S E N A T E
 
                               May 15, 2026
                                ___________
 
 Introduced  by  Sen.  BYNOE  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the local finance law, in relation  to  authorizing  the
   village  of  Hempstead,  county  of  Nassau,  to  amortize the cost of
   payments to employees upon separation of service from the village

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  a of section 11.00 of the local finance law is
 amended by adding a new subdivision 111 to read as follows:
   111. PAYMENTS BY THE VILLAGE OF HEMPSTEAD, COUNTY OF NASSAU,  MADE  ON
 OR  AFTER  APRIL  FIRST, TWO THOUSAND TWENTY-SIX TO EMPLOYEES UPON SEPA-
 RATION FROM EMPLOYMENT, AS MAY BE APPROVED BY SUCH VILLAGE  AND  INCLUD-
 ING,  BUT  NOT LIMITED TO, CASH PAYMENT FOR SEPARATION INCENTIVES AND/OR
 PAYMENT OF THE MONETARY VALUE OF ACCRUED AND ACCUMULATED BUT UNUSED  AND
 UNPAID  SICK  LEAVE,  VACATION  TIME,  AND  ANY  OTHER  FORMS OF PAYMENT
 REQUIRED TO BE PAID TO SUCH EMPLOYEES UPON SEPARATION  FROM  EMPLOYMENT,
 TWENTY YEARS.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15865-01-6

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