Assembly Bill A9228

2013-2014 Legislative Session

Relates to rental payments from the NYC water board

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • 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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2013-A9228 (ACTIVE) - Details

See Senate Version of this Bill:
S6632
Current Committee:
Assembly Cities
Law Section:
New York City Administrative Code
Laws Affected:
Add §5-511, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2015-2016: A3540, A7886, S1453
2017-2018: A5764, S812

2013-A9228 (ACTIVE) - Summary

Relates to rental payments from the NYC water board; requires the general fund of NYC to provide to the local water fund an amount equal to the amount requested by NYC pursuant to the base rental sum of money pursuant to the lease terms; requires fifty percent of these sums shall be used to provide rebates to residential water and sewer accounts and fifty percent to pay principal and interest on certain outstanding debt.

2013-A9228 (ACTIVE) - Bill Text download pdf

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

                                  9228

                          I N  A S S E M B L Y

                              April 2, 2014
                               ___________

Introduced  by  M.  of  A.  SCARBOROUGH -- read once and referred to the
  Committee on Cities

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation to rental payments from the New York city water board

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

  Section 1. The administrative code of the city of New York is  amended
by adding a new section 5-511 to read as follows:
  S  5-511 RENTAL PAYMENTS FROM THE NEW YORK CITY WATER BOARD.  NOTWITH-
STANDING ANY REQUEST OF THE CITY OF NEW YORK FOR A RENTAL  PAYMENT  FROM
THE  NEW YORK CITY WATER BOARD ESTABLISHED PURSUANT TO SECTION ONE THOU-
SAND FORTY-SIX OF THE PUBLIC AUTHORITIES LAW, THE GENERAL  FUND  OF  THE
CITY  OF  NEW  YORK  SHALL  PROVIDE TO THE LOCAL WATER FUND, ESTABLISHED
PURSUANT TO SUBDIVISION TWO OF SECTION ONE THOUSAND FORTY-FIVE-J OF  THE
PUBLIC  AUTHORITIES  LAW AND THE LEASE AGREEMENT BETWEEN THE CITY OF NEW
YORK AND THE NEW YORK CITY WATER BOARD, AN AMOUNT EQUAL  TO  THE  AMOUNT
REQUESTED  BY  THE  CITY  OF NEW YORK PURSUANT TO THE BASE RENTAL SUM OF
MONEY PURSUANT TO THE TERMS OF SUCH LEASE. FIFTY PERCENT OF SUCH SUMS OF
MONIES SHALL BE USED TO PROVIDE REBATES ACROSS THE BOARD TO  RESIDENTIAL
WATER AND SEWER ACCOUNTS AND FIFTY PERCENT TO PAY PRINCIPAL AND INTEREST
ON  OUTSTANDING  DEBT  ISSUED  BY  THE  CITY OF NEW YORK BEFORE NINETEEN
HUNDRED EIGHTY-FIVE FOR CAPITAL PROJECTS IN THE WATER AND SEWER  SYSTEM,
UNTIL  SUCH  DEBT  IS  PAID, WHEREUPON SUCH SUM SHALL BE USED TO PROVIDE
REBATES ACROSS THE BOARD TO RESIDENTIAL WATER AND SEWER ACCOUNTS.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14041-01-4


              

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