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S5824Senate2009-2010 SessionSame asA8694

Authorizes certain dollars of aid and incentives to the city of Syracuse

Sponsor David J. ValeskySD-49
Status
Senate Floor Calendar
Impact
Pending
Passage
Pending

Bill progress

Vetoed via A8694

What's happening

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Who cares

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Sponsors

Primary sponsor
David J. Valesky

Senator · Senate District 49

No co-sponsors yet.

History

  1. Substituted by A8694
  2. Ordered to third reading cal.726
  3. Referred to rules

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.

A8694Assembly

Authorizes certain dollars of aid and incentives to the city of Syracuse

Vetoed · Sponsor William Magnarelli

Vetoed

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

Title of bill

An act in relation to authorizing certain dollars of aid and incentives for the city of Syracuse

Purpose or general idea of bill

To provide the City of Syracuse with $10 million in spin-up for fiscal year 2010-2011.

Summary of specific provisions

Sections 1 authorizes the payment of $10 million in aid and incentives for municipalities funding, due and payable to the City of Syracuse before March 31, to be paid on or before June 30 in the same fiscal year upon written request by the mayor of the City for the 20102011 fiscal yea.

Section 2 establishes an effective date.

Justification

This bill, introduced at the request of the City of Syracuse, would provide the City with $10 million in spin-up of funding. This bill will not increase the amount of aid and incentives for municipalities (AIM) funding provided to the City of Syracuse. It merely accelerates the schedule of payments so that the City can better meet its fiscal requirements by synchronizing its budgetary needs with its state funding.

Prior legislative history

New Bill.

Fiscal implications

Provides the City of Syracuse with $10 million in spinup AIM funding for fiscal year 2010-2011.

Effective date

Immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.