What's happening
This bill allows East Hampton to create an underground utility district, assess costs to benefited properties, and issue 30-year bonds for construction.
Why it matters
Directly affects property owners. The costs for putting utility lines underground will be assessed specifically to property owners who are determined to benefit, so residents in the district may see new charges or taxes based on their property's benefit from the improvements.
Could increase property values and improve aesthetics. Underground utilities are often associated with enhanced neighborhood appearance and potentially higher property values, but these benefits may not be distributed equally among all properties.
Long-term financial commitment. The town is authorized to issue bonds with a repayment period of up to 30 years, meaning both current and future property owners could be paying for these improvements over several decades.
Expanded municipal authority for infrastructure projects. By allowing the town to override certain limitations in existing local finance law and to include related facilities and land rights, the bill could set a precedent for more comprehensive municipal infrastructure upgrades.
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Who cares
Headline styles
Let East Hampton Issue Bonds
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Substituted by S5465
- Ordered to third reading rules cal.394
- Rules report cal.394
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Referred to local governments
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.
Let East Hampton Issue Bonds
Signed by Governor · Sponsor Kenneth P. LaValle
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
S. 5465 A. 7397
2019-2020 Regular Sessions
SENATE - ASSEMBLY
May 1, 2019
IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government
IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Local Governments
AN ACT to amend chapter 389 of the laws of 2016, relating to authorizing the town of East Hampton, Suffolk county, to establish an underground utility improvement district, in relation to the issuance of bonds and notes of the town of East Hampton for the construction or reconstruction of underground utilities and related facilities
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 1 of chapter 389 of the laws of 2016, relating to authorizing the town of East Hampton, Suffolk county, to establish an underground utility improvement district, is amended to read as follows:
Section 1. (a) The town of East Hampton, in the county of Suffolk, is hereby authorized to establish an underground utility improvement district pursuant to articles 12 and 12-A of the town law. Such underground utility improvement district shall be established, funded, operated and otherwise controlled by the provisions of articles 12 and 12-A of the town law and the provisions of this act. To the extent that the provisions of this act shall in any way be in conflict with articles 12 and 12-A of the town law, the provisions of this act shall be controlling.
(b) The costs and expenses of the town of East Hampton underground utility improvement district shall be borne by local assessment upon the several lots and parcels of land which the town board shall determine and specify to be especially benefited by the improvement, and the town board shall apportion and assess upon and collect from the several lots and parcels of land so deemed benefited, so much upon and from each as
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11104-04-9
S. 5465 2 A. 7397
shall be in just proportion to the amount of benefit which the improvement shall confer upon the same.
(c) Notwithstanding any provision of section 11.00 of the local finance law to the contrary, the town of East Hampton is hereby authorized to issue bonds and notes for the construction or reconstruction of underground conduits and related facilities for the protection of public or municipal utility transmission lines, including but not limited to electrical power distribution and communication lines, including furnishings, machinery, equipment, apparatus, appurtenances, land or rights-in-land, and the costs of and incidental to the transfer of such lines from above ground to such conduits and related facilities. Such issuance shall be authorized for a period of probable usefulness not to exceed 30 years, which shall apply to the object or purpose set forth in this subdivision.
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.