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History
- Referred to local government
- Print number 4950a
- Amend and recommit to local government
- Referred to local government
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4950A
Title of bill
An act relating to advancement of funds to certain municipalities, and providing for the repeal of such provisions upon expiration thereof
Purpose
Transfers $14 million to the City of Buffalo to replace funds not received from the agreement under the tribal state compact.
Summary of specific provisions
Section 1, transfers $14 million to a municipality that hosts a gaming facility located with Erie County. This money would advance funds from the tribal state compact, and would reduce the obligation beyond $14 million.
Section 2 is the effective date and repeals the law March 31, 2015.
Justification
As per terms of the tribal state compact, the City of Buffalo is to receive funding for hosting a Casino. However they have yet to receive this funding. This legislation transfers $14 million of money owed to the City of Buffalo. While negotiations are ongoing between the State and the Nation the City of Buffalo is not in receipt of this money. This legislation would advance $14 million to assist the City of Buffalo.
Prior legislative history
New Bill.
Fiscal implications
$14 million advancement.
Effective date
This act shall take effect immediately and expire March 31, 2015.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.