New York State Assembly

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A10144 Summary:

BILL NO	A10144
SAME AS	SAME AS S02520-A
SPONSOR	Englebright
COSPNSR
MLTSPNSR
Amd S6-p, Gen Muni L
Relates to the employee benefit accrued liability reserve fund.

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A10144 Actions:

BILL NO	A10144
03/05/2010	referred to local governments

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A10144 Floor Votes:

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A10144 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10144
 
                   IN ASSEMBLY
 
                                      March 5, 2010
                                       ___________
 
        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 10 to read as follows:
     3    10.  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    § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07848-04-0

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