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A02474 Summary:

BILL NO    A02474 

SAME AS    No same as 

SPONSOR    Englebright

COSPNSR    

MLTSPNSR   

Amd S6-p, Gen Muni L

Relates to the employee benefit accrued liability reserve fund.

A02474 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         2474

                              2013-2014 Regular Sessions

                                 I N  A S S E M B L Y

                                   January 15, 2013
                                      ___________

       Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
         Committee on Local Governments

       AN ACT to amend the general municipal law, in relation to  the  employee
         benefit accrued liability reserve fund

         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1. Section 6-p of the general  municipal  law  is  amended  by
    2  adding a new subdivision 12 to read as follows:
    3    12.  IF  AFTER  AUDIT  AND CERTIFICATION BY THE STATE COMPTROLLER THAT
    4  THERE ARE FUNDS IN EXCESS OF  THOSE  REQUIRED  TO  SATISFY  LIABILITIES,
    5  THOSE  EXCESS  FUNDS  MAY  BE  TRANSFERRED  TO  THE GENERAL FUND FOR THE
    6  PURPOSE OF REAL PROPERTY TAX REDUCTION  AND/OR  VOTER  APPROVED  CAPITAL
    7  PROJECTS.
    8    S 2. This act shall take effect immediately.






        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05382-01-3