S07352 Summary:
BILL NO | S07352 |
  | |
SAME AS | SAME AS A09823 |
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SPONSOR | MARTINS |
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COSPNSR | |
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MLTSPNSR | |
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Amd S160.05, Loc Fin L | |
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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. |
S07352 Actions:
BILL NO | S07352 | |||||||||||||||||||||||||||||||||||||||||||||||||
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05/13/2014 | REFERRED TO LOCAL GOVERNMENT | |||||||||||||||||||||||||||||||||||||||||||||||||
06/10/2014 | COMMITTEE DISCHARGED AND COMMITTED TO RULES | |||||||||||||||||||||||||||||||||||||||||||||||||
06/10/2014 | ORDERED TO THIRD READING CAL.1273 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2014 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2014 | DELIVERED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2014 | referred to local governments | |||||||||||||||||||||||||||||||||||||||||||||||||
06/17/2014 | substituted for a9823 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/17/2014 | ordered to third reading rules cal.326 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/17/2014 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/17/2014 | returned to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
12/05/2014 | DELIVERED TO GOVERNOR | |||||||||||||||||||||||||||||||||||||||||||||||||
12/17/2014 | SIGNED CHAP.526 |
S07352 Floor Votes:
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
S07352 Memo:
Memo not availableGo to top
S07352 Text:
Go to top 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. LBD13926-06-4S. 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.