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Sponsors
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History
- Signed chap.258
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.582
- Substituted for A9954
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 58–2
- Home rule request
- Ordered to third reading cal.1506
Show 1 earlier action
- 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.
Authorizes the city of Long Beach to amortize the cost of payments to or for the benefit of employees upon separation from employment
Assembly Floor Calendar · Sponsor Harvey Weisenberg
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7672
Title of bill
An act to amend the local finance law, in relation to authorizing the city of Long Beach to amortize the cost of payments
Purpose
The purpose of this bill is to allow the City of Long Beach to amortize the cost of payments over a five year period for voluntary early retirement incentive programs and for payment of the monetary value of accrued and accumulated but unused and unpaid leave and any other forms of payment required to be paid to or for the benefit of such employees in connection with the separation from employment.
Summary of provisions
Paragraph a of Section 11.00 of the Local Finance Law is amended by adding a new subdivision 85-e.
Justification
This bill will allow them the flexibility they need in amortizing the cost of payments which need to be made to former employees.
Legislative history
New Bill.
Fiscal implications
To be determined.
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.