Authorizes the use of revenues from sewer rents for certain non-sewer related infrastructure payments in the village of Sherburne.
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