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History
- Signed chap.264
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.634
- Substituted for A6500B
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 62–1
- Home rule request
- Amended on third reading (t) 4450b
Show 6 earlier actions
- Advanced to third reading
- 2nd report cal.
- 1st report cal.588
- Print number 4450a
- Amend and recommit to local government
- Referred to local government
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 town of Stockport to transfer reserve funds to the Water Fund for repayment of a loan from the Town Sewer No. 1 Fund
Assembly Floor Calendar · Sponsor Peter Lopez
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4450B
Title of bill
An act authorizing the town of Stockport to transfer reserve funds to the Water Fund for repayment of an inter-fund advance from the Town Sewer 1 Fund
Purpose or general idea of bill
To authorize the Town of Stockport to transfer capital reserve funds to the Water Fund for repayment of an inter-fund advance.
Summary of specific provisions
The bill, notwithstanding Section 6-c of the General Municipal Law or any other provision to the contrary, authorizes the governing board of the Town of Stockport to transfer $100,000 from the Town's Capital Reserve Fund to the Water Fund for repayment of an inter-fund advance.
Justification
As of December 31, 2012, the Town of Stockport's Water fund faced an unreserved cash shortage of nearly $100,000. Consequently, water rates were adjusted dramatically in the 2013 budget and are anticipated to increase a typical user's annual water bill from $58.56 annually to $241.92 annually.
If this special legislation is granted, thereby allowing the Town to transfer $100,000 for its Capital Reserve Fund to the Water Fund, the Town estimates that the user charges could be stabilized at a lower rate sparing users as much as $80 per quarter, thus providing some relief to struggling home owners and businesses.
Prior legislative history
New bill.
Fiscal implications for state and local governments
None to the State.
Effective date
This act would take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.