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S2403Senate2011-2012 Session

Authorizes the city of Kingston to amortize the cost of payments to employees upon separation of service from such city during 2011

Sponsor William J. Larkin Jr.SD-39Affects Local Government
Status
Stricken
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Local Government

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Who cares

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Sponsors

Primary sponsor
William J. Larkin Jr.

Senator · Senate District 39

No co-sponsors yet.

History

  1. Recommit, enacting clause stricken
  2. Referred to local government
  3. 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.