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A10261 Summary:

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A10261 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10261
 
                   IN ASSEMBLY
 
                                      May 16, 2012
                                       ___________
 
        Introduced by M. of A. CURRAN -- read once and referred to the Committee
          on Local Governments
 
        AN  ACT  to  amend the local finance law, in relation to authorizing the
          village of Lynbrook, in the county of Nassau, to amortize the cost  of
          payments  to  certain  employees  upon separation of service from such
          village
 

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Paragraph  a of section 11.00 of the local finance law is
     2  amended by adding a new subdivision 106 to read as follows:
     3    106. Payments by the village of Lynbrook, in  the  county  of  Nassau,
     4  made  on  or  after  April first, two thousand eleven, to employees upon
     5  separation from employment, as may  be  approved  by  such  village  and
     6  including,  but  not  limited to, cash payment for separation incentives
     7  and/or payment of the monetary value  of  accrued  and  accumulated  but
     8  unused  and  unpaid  sick leave, personal leave, holiday leave, vacation
     9  time, time allowances granted in lieu of overtime compensation  and  any

    10  other  forms of payment required to be paid to such employees upon sepa-
    11  ration from employment, ten years.
    12    § 2. This act shall take effect immediately.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15870-01-2