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Who cares
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Sponsors
No co-sponsors yet.
History
- Recommit, enacting clause stricken
- Referred to local government
- Referred to local government
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2403
Title of bill
An act to amend the local finance law, in relation to authorizing and empowering the city of Kingston to amortize the cost of payments to employees upon separation of service from the city during 2011
Purpose
The purpose of this bill is to make explicit the ability of the City of Kingston to amortize the cost of payments made to employees upon separation of service under incentives offered in 2011 over a period of five years.
Summary of provisions
Section 1, authorizing and empowering the City of Kingston to amortize the cost of payments made to employees upon separation of service under incentives offered in 2010 over a period of five years.
Section 2, effective date.
Justification
This legislation addresses the City of Kingston's need to amortize the cost of payments to employees upon separation of service from the City. The measure was requested by the City of Kingston.
Legislative history
A.9950/S.7030 - Vetoed in 2010
Fiscal implications
None to the State.
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.