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A04793 Summary:

BILL NOA04793
 
SAME ASSAME AS S02555
 
SPONSORGlick
 
COSPNSRCook, Paulin, Montesano
 
MLTSPNSRCrouch, Jaffee, Thiele
 
Amd 3-c, Gen Muni L
 
Exempts the costs associated with the construction of community college capital facilities from the real property tax levy limit for local governments.
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A04793 Actions:

BILL NOA04793
 
02/03/2017referred to local governments
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A04793 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4793
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 3, 2017
                                       ___________
 
        Introduced by M. of A. GLICK, COOK, PAULIN, MONTESANO -- Multi-Sponsored
          by -- M. of A. CROUCH, JAFFEE, THIELE -- read once and referred to the
          Committee on Local Governments
 
        AN  ACT to amend the general municipal law, in relation to exempting the
          costs associated with the construction of  community  college  capital
          facilities from the real property tax levy limit for local governments
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subparagraph (iv) of paragraph  (g)  of  subdivision  2  of
     2  section  3-c of the general municipal law, as added by section 1 of part
     3  A of chapter 97 of the laws of 2011, is amended and a  new  subparagraph
     4  (v) is added to read as follows:
     5    (iv)  in  years  in which the normal contribution rate of the New York
     6  state teachers' retirement system, as defined by paragraph a of subdivi-
     7  sion two of  section  five  hundred  seventeen  of  the  education  law,
     8  increases  by  more than two percentage points from the previous year, a
     9  tax levy necessary for expenditures for the coming fiscal year for local
    10  government employer  contributions  to  the  New  York  state  teachers'
    11  retirement system caused by growth in the normal contribution rate minus
    12  two percentage points[.];
    13    (v)  a  tax levy necessary for expenditures for the coming fiscal year
    14  related to the  financing,  refinancing,  construction,  reconstruction,
    15  renovation,  acquisition,  design, rehabilitation, improvement, furnish-
    16  ing, equipping or alteration of community  college  capital  facilities,
    17  including  debt service and lease expenditures, as approved by the local
    18  sponsor, as defined in subdivision three of section sixty-three  hundred
    19  one of the education law.
    20    §  2.  This act shall take effect immediately; provided, however, that
    21  the amendments to section 3-c of  the  general  municipal  law  made  by
    22  section  one of this act shall not affect the repeal of such section and
    23  shall be deemed repealed therewith.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03148-01-7
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