Assembly Bill A3546

Signed By Governor
2015-2016 Legislative Session

Relates to the adoption of the budget by the city of Lockport and actions of the state comptroller relating thereto

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Archive: Last Bill Status Via S1692 - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-A3546 (ACTIVE) - Details

See Senate Version of this Bill:
S1692
Law Section:
Olean, City of
Laws Affected:
Amd §5, Chap 332 of 2014

2015-A3546 (ACTIVE) - Summary

Relates to the adoption of the budget by the city of Lockport and actions of the state comptroller relating thereto.

2015-A3546 (ACTIVE) - Bill Text download pdf 

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

                                  3546

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2015
                               ___________

Introduced by M. of A. CORWIN -- read once and referred to the Committee
  on Ways and Means

AN  ACT to amend chapter 332 of the laws of 2014 relating to authorizing
  the city of Lockport, in the county of Niagara, to finance  a  certain
  deficit by the issuance of bonds, in relation to adoption of the budg-
  et by the city of Lockport

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

  Section 1. Subdivision (c) of section 5 of chapter 332 of the laws  of
2014  relating  to  authorizing  the  city of Lockport, in the county of
Niagara, to finance a certain deficit  by  the  issuance  of  bonds,  is
amended to read as follows:
  (c)  For the fiscal year beginning January 1, 2015 and for each fiscal
year thereafter during which such debt or any debt  incurred  to  refund
such  debt  is  outstanding,  the mayor of the city of Lockport or other
officer or officers responsible for the  preparation  of  the  tentative
budget  shall submit the tentative budget for the next succeeding fiscal
year to the state comptroller no later than thirty days before the  last
date  on which the budget must be finally adopted. The state comptroller
shall examine such proposed budget  and  make  such  recommendations  as
deemed appropriate thereon to the common council of the city of Lockport
no  later than ten days before the last date on which the budget must be
finally adopted. Such recommendations shall be  made  after  examination
into the estimates of revenues and expenditures of the city of Lockport.
The  common  council  of  the  city of Lockport, no later than five days
prior to the adoption of the budget, shall review any  such  recommenda-
tions  and [may] make adjustments to its proposed budget consistent with
any recommendations made by the state comptroller. [Any  recommendations
that  the  common  council  rejects shall be explained in writing to the
state comptroller.] The action or  inaction  of  the  state  comptroller
under  this  section shall not be construed to affect the legal validity

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
A                                                          LBD07657-01-5

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