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STATE OF NEW YORK
________________________________________________________________________

9641--B

IN ASSEMBLY

March 22, 2012
___________

Introduced  by  M.  of  A. MAGEE, FINCH -- read once and referred to the
  Committee on Local Governments -- committee discharged, bill  amended,
  ordered  reprinted  as  amended  and  recommitted to said committee --
  again reported from said committee with amendments, ordered  reprinted
  as amended and recommitted to said committee

AN  ACT  in relation to authorizing the use of sewer surplus for infras-
  tructure projects other than sewer projects in the  Village  of  Sher-
  burne

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

  Section 1.  Notwithstanding section 453 of the general  municipal  law
or  any other provision of law to the contrary, the village of Sherburne
is hereby authorized to use surplus revenues derived  from  sewer  rents
collected  in  excess  of  amounts  necessary  for the uses described in
section 453 of the general municipal law for the payment of expenses  or
obligations  incurred  by  such municipality for infrastructure improve-
ments, or to be placed in a capital reserve fund, not  to  exceed  forty
percent  of  the  surplus  to  be  used  specifically for infrastructure
improvements.  The village of Sherburne shall adjust their sewer  rents,
and  take  other actions as may be necessary, to avoid future sewer rent
surpluses.
  S 2. This act shall take effect on the sixtieth  day  after  it  shall
have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14885-03-2