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Sponsors
Senator · Senate District 7
No co-sponsors yet.
History
- Signed chap.150
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading cal.615
- Substituted for A8480
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 58–1
- Advanced to third reading
- 2nd report cal.
- 1st report cal.124
Show 1 earlier action
- 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.
Extends the period of time for which a municipality has the power to exclude indebtedness contracted for sewage facilities
Assembly Floor Calendar · Sponsor William Magnarelli
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6409
Title of bill
An act to amend the local finance law, in relation to the exclusion of indebtedness contracted for sewage facilities
Purpose
This legislation will implement the amendment to Article 8, Section 5(E) of the State Constitution, which was approved by the voters on November 5, 2013, extending the authorization for municipalities to exclude from their constitutional debt limits indebtedness related to sewage facilities.
Summary of specific provisions
This bill will make the necessary statutory changes to implement the amendment to Article 8, Section 5(E) of the State Constitution approved by the voters on November 5, 2013. Sections one and two amend the Local Finance Law to extend, until 2024, the existing authorization for counties, cities, towns and villages to exclude from their constitutional debt limitations indebtedness issued for the construction or reconstruction of facilities for the conveyance, treatment and disposal of sewage. Bill section three makes a conforming amendment to Local Finance Law Section 136.00(4-a), which relates to the calculation of the debt limit.
Justification
Since 1964, counties, cities, towns and villages have been authorized to exclude sewer-related debt from their constitutional debt limits. The constitutional authorization for the exclusion of sewer-related debt was set to expire at the end of 2013. On November 5, 2013, the voters approved an amendment which extended the expiration date of the constitutional exclusion to include debt issued prior to January 1, 2024. This legislation makes the necessary statutory changes to provide for the implementation of the constitutional amendment approved by the voters.
Prior legislative history
This is new legislation. Similar legislation was enacted in 2003.
Fiscal implications
None for the State.
Effective date
This act shall take effect immediately and shall be deemed to have been in full force and effect on and after January 1, 2014.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.