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History
- Substituted by A2387
- Advanced to third reading
- 2nd report cal.
- 1st report cal.559
- Referred to finance
- Referred to finance
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.
Amends the dates for filing a claim and commencing an action on a bond
Senate Floor Calendar · Sponsor Michael Cusick
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the state finance law, in relation to amending the date for commencing an action on a bond
Purpose or general idea of bill
To correct ambiguities in Section 137 of the State Finance Law.
Summary of specific provisions
Section one amends Section 137(4)(b) of the State Finance Law to clarify the dates for commencing an action on a payment bond under Section 137.
Justification
Recent New York State court decisions (WINDSOR METAL FABRICATORS LTD. V. GENERAL ACCIDENT, 94 NY.2D 90 (1990) AND PHELPS GUIDE RAIL V. UNITED STATES FIDELITY AND GUARANTY COMPANY AND MIDSTATE CONSTRUCTION SERVICES. INC., Supreme Court, Jefferson County, Memorandum Decision and Order (June 10, 2004) have brought to light certain ambiguities in Section 137 of the State Finance Law. This bill addresses and corrects those ambiguities.
Prior legislative history
2008: A.9541 Passed Assembly; 2006: A.10207, Ways and Means.
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.