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S01694 Summary:

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S01694 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         1694--A
            Cal. No. 27
 
                               2015-2016 Regular Sessions
 
                    IN SENATE
 
                                    January 14, 2015
                                       ___________
 
        Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
          when printed to be committed to the Committee on Rules -- ordered to a
          third reading, amended and ordered reprinted, retaining its  place  in
          the order of third reading
 
        AN  ACT to amend chapter 439 of the laws of 2008 relating to authorizing
          the town of Riga to establish the Host Benefit Agreement reserve fund,
          in relation to making technical changes thereto
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subdivision  6 of section 1 of chapter 439 of the laws of
     2  2008 relating to authorizing the town of  Riga  to  establish  the  Host
     3  Benefit Agreement reserve fund, as amended by chapter 414 of the laws of
     4  2014, is amended to read as follows:
     5    6.  An  expenditure may be made from such fund only by a resolution of
     6  the town board for (a) capital  improvements  or  equipment  for  water,
     7  drainage  or  fire protection improvements that would benefit the entire
     8  town, the area of the town outside the village or the area of  the  town
     9  served  by  a  water, drainage or fire protection district or an area of
    10  the town located in a water or drainage improvement benefit area, (b) to
    11  pay debt service on obligations issued for capital purposes related to a
    12  water improvement benefit area or water district, or (c) for the  repair
    13  and  improvement  of  highways,  including sluices, culverts and bridges
    14  having a span of five feet or less, in any area of the  town.  Any  such
    15  resolution  shall  set forth the estimated maximum cost thereof[, or (c)
    16  for the repair and improvement of highways, including sluices,  culverts
    17  and  bridges  having  a  span  of  five feet or less, in any area of the
    18  town]. Any expenditure from the fund authorizing an expenditure for such
    19  capital improvement or equipment shall be subject to permissive referen-
    20  dum as governed by article 7 of the town law.  Nothing in this act shall
    21  be construed to authorize the transfer to the credit of another  reserve
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07677-02-5
        S. 1694--A                          2
 
     1  fund;  provided  however,  that  transfers  may  be made to the townwide
     2  general fund without a permissive referendum.
     3    §  2.  This  act  shall take effect immediately and shall be deemed to
     4  have been in full force and effect on the same date as  chapter  414  of
     5  the laws of 2014, took effect.