S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         9641

                                 I N  A S S E M B L Y

                                    March 22, 2012
                                      ___________

       Introduced  by  M.  of  A. MAGEE, FINCH -- read once and referred to the
         Committee on Local Governments

       AN ACT to amend the general municipal law, in  relation  to  authorizing
         the  use of sewer surplus for infrastructure projects other than sewer
         projects

         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section  1.  Section  453  of  the general municipal law is amended by
    2  adding a new subdivision 4 to read as follows:
    3    4. IN THE VILLAGE OF SHERBURNE, FOR THE PAYMENT OF EXPENSES  OR  OBLI-
    4  GATIONS  INCURRED  BY SUCH MUNICIPALITY FOR INFRASTRUCTURE IMPROVEMENTS,
    5  OR TO BE PLACED IN A SPECIAL FUND, NOT TO EXCEED FORTY  PERCENT  OF  THE
    6  SURPLUS, TO BE USED SPECIFICALLY FOR FUTURE INFRASTRUCTURE IMPROVEMENTS.
    7    S  2.  This  act  shall take effect on the sixtieth day after it shall
    8  have become a law.







        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14885-01-2