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History
- Referred 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 advancement of funds from the tribal state compact revenue account to certain municipalities within Niagara county
In Assembly Committee · Ways And Means · Sponsor John Ceretto
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5692
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 $60 million to the City of Niagara Falls to replace funds not received from the agreement under the tribal state compact.
Summary of specific provisions
Section 1, transfers $60 million to a municipality that hosts a gaming facility located within Niagara County. This money would advance funds from the tribal state compact.
Section 2 is the effective date
Justification
The City of Niagara Falls is to receive funding for hosting a casino. However, they have yet to receive this funding. This legislation transfers $60 million of money owed to the City. Such funds are an advance of amounts owed and will reduce the amount otherwise due to the City. This advance will assist the City.
Prior legislative history
New Bill.
Fiscal implications
$60 million advancement which will reduce the amount otherwise owed by an equivalent amount.
Effective date
This act shall take effect immediately and expire March 31, 2014.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.