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A00286 Summary:

Amd 54, St Fin L
Relates to aid and incentives for municipalities with populations of greater than two hundred thousand.
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A00286 Text:

                STATE OF NEW YORK
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                     January 5, 2017
        Introduced  by M. of A. GANTT -- read once and referred to the Committee
          on Ways and Means
        AN ACT to amend the state finance law, in relation to aid and incentives
          for municipalities with populations of greater than two hundred  thou-
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subparagraph (vi) of  paragraph  e  of  subdivision  10  of
     2  section  54 of the state finance law, as amended by section 2 of part GG
     3  of chapter 56 of the laws of 2009, is relettered subparagraph (vii)  and
     4  amended and a new subparagraph (vi) is added to read as follows:
     5    (vi)  Commencing with the state fiscal year commencing on April first,
     6  two thousand seventeen and thereafter, all municipalities with  a  popu-
     7  lation  of  greater  than  two  hundred thousand shall receive equal per
     8  capita aid provided pursuant to this subdivision.  Per capita aid  shall
     9  be  increased  for  all municipalities with a population of greater than
    10  two hundred thousand to the highest per capita aid  calculated  pursuant
    11  to  this  subdivision  for a municipality with a population greater than
    12  two hundred thousand.
    13    (vii) If sufficient funds are not available for additional aid in  the
    14  amount authorized pursuant to subparagraphs (ii), (iii), (iv) [and], (v)
    15  and  (vi) of this paragraph, additional aid shall be apportioned to each
    16  municipality eligible for such aid based on the municipality's pro  rata
    17  share of available funds.
    18    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
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