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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A6565
- Advanced to third reading
- 2nd report cal.
- 1st report cal.216
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Authorizes and empowers the county of Rockland to amortize the cost of the targeted county retirement program of the county of Rockland
Signed by Governor · Sponsor Kenneth Zebrowski
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the local finance law, in relation to authorizing and empowering the county of Rockland to amortize the cost of the targeted county retirement program of the county of Rockland
Purpose
The purpose of this bill is to make explicit the ability of the County of Rockland to issue bonds authorized by the Rockland County Legislature.
Summary of provisions
Section 1, authorizing and empowering the County of Rockland to amortize its early retirement incentive over a period of ten years.
Section 2, effective date.
Justification
This legislation addresses the County of Rockland's need to amortize its early retirement incentive over a period of ten years in order to achieve maximum savings for its taxpayers. By amortizing this cost over ten years, it will help the County of Rockland alleviate certain pressures on its current cash flow issue.
Legislative history
New bill.
Fiscal implications
None to the State. This bill will save the County of Rockland more than $6,000,000 in taxpayer dollars for 2009.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.