S07352 Summary:

BILL NOS07352
 
SAME ASSAME AS A09823
 
SPONSORMARTINS
 
COSPNSR
 
MLTSPNSR
 
Amd S160.05, Loc Fin L
 
Assists certain municipalities in adopting multi-year financial planning; and provides for the payment of such planning from monies appropriated to the financial restructuring board for local governments.
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S07352 Actions:

BILL NOS07352
 
05/13/2014REFERRED TO LOCAL GOVERNMENT
06/10/2014COMMITTEE DISCHARGED AND COMMITTED TO RULES
06/10/2014ORDERED TO THIRD READING CAL.1273
06/11/2014PASSED SENATE
06/11/2014DELIVERED TO ASSEMBLY
06/11/2014referred to local governments
06/17/2014substituted for a9823
06/17/2014ordered to third reading rules cal.326
06/17/2014passed assembly
06/17/2014returned to senate
12/05/2014DELIVERED TO GOVERNOR
12/17/2014SIGNED CHAP.526
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S07352 Floor Votes:

DATE:06/17/2014Assembly Vote  YEA/NAY: 135/1
Yes
Abbate
Yes
Curran
Yes
Hawley
Yes
Markey
Yes
Quart
Yes
Steck
Yes
Abinanti
Yes
Cusick
Yes
Heastie
Yes
Mayer
Yes
Ra
Yes
Stirpe
Yes
Arroyo
Yes
Cymbrowitz
Yes
Hennessey
Yes
McDonald
ER
Raia
Yes
Sweeney
Yes
Aubry
Yes
Davila
Yes
Hevesi
Yes
McDonough
Yes
Ramos
Yes
Tedisco
Yes
Barclay
Yes
DenDekker
Yes
Hikind
Yes
McKevitt
Yes
Rivera
ER
Tenney
Yes
Barrett
Yes
Dinowitz
Yes
Hooper
Yes
McLaughlin
Yes
Roberts
Yes
Thiele
Yes
Benedetto
Yes
DiPietro
Yes
Jacobs
Yes
Miller
Yes
Robinson
Yes
Titone
Yes
Blankenbush
Yes
Duprey
Yes
Jaffee
Yes
Millman
Yes
Rodriguez
Yes
Titus
Yes
Borelli
Yes
Englebright
Yes
Johns
Yes
Montesano
Yes
Rosa
Yes
Walter
Yes
Braunstein
Yes
Fahy
Yes
Katz
Yes
Morelle
Yes
Rosenthal
Yes
Weinstein
Yes
Brennan
Yes
Farrell
Yes
Kavanagh
Yes
Mosley
Yes
Rozic
Yes
Weisenberg
Yes
Brindisi
Yes
Finch
Yes
Kearns
Yes
Moya
Yes
Russell
Yes
Weprin
Yes
Bronson
Yes
Fitzpatrick
AB
Kellner
Yes
Nojay
Yes
Ryan
Yes
Wright
Yes
Brook-Krasny
Yes
Friend
Yes
Kim
Yes
Nolan
Yes
Saladino
Yes
Zebrowski
Yes
Buchwald
Yes
Galef
Yes
Kolb
No
Oaks
Yes
Santabarbara
Yes
Mr. Speaker
Yes
Butler
Yes
Gantt
Yes
Lalor
Yes
O'Donnell
Yes
Scarborough
Yes
Cahill
Yes
Garbarino
Yes
Lavine
Yes
Ortiz
Yes
Schimel
Yes
Camara
Yes
Giglio
Yes
Lentol
Yes
Otis
Yes
Schimminger
Yes
Ceretto
Yes
Gjonaj
Yes
Lifton
Yes
Palmesano
Yes
Sepulveda
Yes
Clark
Yes
Glick
Yes
Lopez
Yes
Palumbo
ER
Simanowitz
Yes
Colton
Yes
Goldfeder
Yes
Lupardo
Yes
Paulin
Yes
Simotas
Yes
Cook
Yes
Goodell
Yes
Lupinacci
Yes
Peoples-Stokes
Yes
Skartados
Yes
Corwin
Yes
Gottfried
Yes
Magee
Yes
Perry
Yes
Skoufis
Yes
Crespo
Yes
Graf
Yes
Magnarelli
Yes
Pichardo
Yes
Solages
Yes
Crouch
Yes
Gunther
Yes
Malliotakis
Yes
Pretlow
Yes
Stec

‡ Indicates voting via videoconference
 
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S07352 Memo:

Memo not available
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S07352 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7352
 
                    IN SENATE
 
                                      May 13, 2014
                                       ___________
 
        Introduced  by  Sen. MARTINS -- (at request of the State Comptroller) --
          read twice and ordered printed, and when printed to  be  committed  to
          the Committee on Local Government
 
        AN  ACT  to  amend  the  local  finance  law, in relation to encouraging
          certain municipalities to  adopt  multi-year  financial  planning  and
          providing for the payment of such planning from monies appropriated to

          the financial restructuring board for local governments
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph 3 of section 160.05 of the local finance law,  as
     2  added by chapter 67 of the laws of 2013, is amended to read as follows:
     3    3. (a) Upon the request of a fiscally eligible municipality, by resol-
     4  ution of the governing body of such municipality with the concurrence of
     5  the  chief  executive  of such municipality, the financial restructuring
     6  board for local governments may undertake a comprehensive review of  the
     7  operations,  finances, management practices, economic base and any other
     8  factors that in its sole discretion it deems relevant to be able to make
     9  findings and recommendations on reforming and  restructuring  the  oper-

    10  ations  of the fiscally eligible municipality. As part of such recommen-
    11  dations, the board may propose that such municipality  agree  to  fiscal
    12  accountability  measures, as determined by the board, including, but not
    13  limited to, multi-year financial planning. It may  also  identify  cost-
    14  saving measures, recommend consolidation of functions or agencies within
    15  such municipality or between such municipality and other municipalities,
    16  consistent with existing law, identify and make available, to the extent
    17  otherwise  permitted  by  law, grants and loans on such terms and condi-
    18  tions as it deems appropriate, and make such  other  recommendations  as
    19  the  board may deem just and proper but in no event shall the sum of all
    20  awards made by the board to a single fiscally eligible  municipality  be
    21  greater  than  five million dollars. If such award is a loan, it may not

    22  be for a term longer than ten years. In the event a  grant  or  loan  is
    23  made,  the board may condition such award on the fiscally eligible muni-
    24  cipality submitting a report or reports on such  actions  taken  by  the
    25  fiscally  eligible municipality pursuant to the board's recommendations,
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13926-06-4

        S. 7352                             2
 
     1  and the board shall require that the eligible  municipality  must  adopt
     2  and  implement all the board's recommendations as a condition to receiv-
     3  ing an award or awards. Before making final recommendations,  the  board
     4  shall  consult with the fiscally eligible municipality. Such recommenda-

     5  tions shall not be final and binding on a fiscally eligible municipality
     6  unless it formally agrees to abide by and implement such recommendations
     7  in which event such recommendations and the  terms  provided  thereunder
     8  shall be final and binding on such municipality.
     9    (b)  Notwithstanding  paragraph t of subdivision ten of section fifty-
    10  four of the state finance law and irrespective of whether there has been
    11  a determination or finding of fiscal  eligibility  under  this  section,
    12  upon the request of any county, city, excluding a city with a population
    13  of  greater  than one million, town, or village which (1) has elected to
    14  engage in multi-year planning with the assistance of an external  finan-
    15  cial advisor, and (2) has been identified as experiencing fiscal stress,

    16  the  financial  restructuring  board for local governments may determine
    17  that all or part of the cost to the county, city, town, or  village  for
    18  such  external  advisor  shall  be  subject to reimbursement from monies
    19  appropriated to such board for the making of grants and loans.
    20    § 2. This act shall take effect immediately.
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