New York State Assembly

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A07611 Summary:

BILL NO	A07611
SAME AS	No same as
SPONSOR	Ceretto
COSPNSR
MLTSPNSR
Add S139-l, St Fin L
Provides for the reimbursement to municipalities for the loss of revenue resulting from a contract dispute with the state and a third party.

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A07611 Actions:

BILL NO	A07611
05/28/2013	referred to local governments
01/08/2014	referred to local governments

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A07611 Floor Votes:

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A07611 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7611
 
                               2013-2014 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 28, 2013
                                       ___________
 
        Introduced  by M. of A. CERETTO -- read once and referred to the Commit-
          tee on Local Governments
 
        AN ACT to amend the state finance law, in relation to reimbursing  muni-
          cipalities for the loss of revenue resulting from a contract dispute
 
          The  People of the State of New York, represented in Senate and Assem-

        bly, do enact as follows:
 
     1    Section 1. The state finance law is amended by adding  a  new  section
     2  139-l to read as follows:
     3    § 139-l. Reimbursement.  Any inequitable loss of revenue incurred by a
     4  state  municipality that is the result of a contract dispute between the
     5  state and any third party shall be transmitted with supporting  documen-
     6  tation to the state comptroller. Upon receiving documentation, the state
     7  comptroller  shall have thirty days to conduct an audit of such loss. If
     8  it is determined that the claim by the  municipality  is  substantiated,
     9  the  comptroller shall issue funds to reimburse the municipality for any
    10  loss of revenue immediately. If the loss incurred by the municipality is

    11  ongoing, the comptroller will continue to issue funds every thirty  days
    12  until the dispute is resolved.
    13    § 2. This act shall take effect immediately.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11226-01-3

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