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Who cares
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Sponsors
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History
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7776
Title of bill
An act to amend the public authorities law, in relation to the Nassau county interim finance authority
Purpose
This bill would amend the Nassau County Interim Finance Authority ("NIFA") act to expand the remedies available to NIFA and to Nassau County to address the County's current fiscal crisis.
Summary of provisions
Section 1. Legislative Intent
Section 2. Relates to NIFA oversight over certain county borrowing.
section 3. Severability clause.
section 4. Effective Date.
Justification
This bill is necessary to enable the County to work with NIFA to manage the County's present fiscal crisis in a rational and effective manner to restore the County's fiscal health. This bill ensures transitional financing by the County of property tax refunds to residents and businesses that have been delayed for over a year.
Legislative history
New Bill.
Fiscal implications
None to the state.
Effective date
Immediately, but only upon certification that the required savings have been achieved.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.