STATE OF NEW YORK
________________________________________________________________________
8495
IN SENATE
October 6, 2010
___________
Introduced by Sen. LARKIN -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT to amend the local finance law, in relation to authorizing and
empowering the city of Kingston to amortize the cost of payments to
employees upon separation of service from the city during 2010
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 105 to read as follows:
3 105. Payments by the city of Kingston to employees upon separation
4 from employment during the period January first, two thousand ten
5 through and including December thirty-first, two thousand ten, as may be
6 approved by the city and including, but not limited to, cash payment for
7 separation incentives and/or payment of the monetary value of accrued
8 and accumulated but unused and unpaid sick leave, personal leave, holi-
9 day leave, vacation time, time allowances granted in lieu of overtime
10 compensation and any other forms of payment required to be paid to such
11 employees upon separation from employment, five 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.
LBD15096-05-0
