Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to local government |
Jun 05, 2013 |
referred to local government |
Senate Bill S5692
2013-2014 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
Actions
2013-S5692 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7988
- Current Committee:
- Senate Local Government
- Law Section:
- Niagara County
2013-S5692 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5692 TITLE OF BILL: An act relating to advancement of funds to certain municipalities, and providing for the repeal of such provisions upon expiration thereof PURPOSE: Transfers $60 million to the City of Niagara Falls to replace funds not received from the agreement under the tribal state compact. SUMMARY OF SPECIFIC PROVISIONS: Section 1, transfers $60 million to a municipality that hosts a gaming facility located within Niagara County. This money would advance funds from the tribal state compact. Section 2 is the effective date JUSTIFICATION: The City of Niagara Falls is to receive funding for hosting a casino. However, they have yet to receive this funding. This legislation transfers $60 million of money owed to the City. Such funds are an advance of amounts owed and will reduce the amount otherwise due to the City. This advance will assist the City. PRIOR LEGISLATIVE HISTORY: New Bill. FISCAL IMPLICATIONS: $60 million advancement which will reduce the amount otherwise owed by an equivalent amount.
2013-S5692 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5692 2013-2014 Regular Sessions I N S E N A T E June 5, 2013 ___________ Introduced by Sen. MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT relating to advancement of funds to certain municipalities, and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. $60,000,000 from the general fund to the miscellaneous special revenue fund, tribal state compact revenue account (22169). Notwithstanding any provision of law to the contrary, such funds may be advanced to a municipality located within the county of Niagara hosting a gaming facility pursuant to the requirements of an appropriation contained in chapter 53 of the laws of 2013; provided, however, that any such advance shall reduce the amount otherwise due to such municipality by an equivalent amount, and that, upon receipt of any funds in the tribal state compact revenue account pursuant to a tribal state compact, such funds shall first be used to reimburse any transfer from the gener- al fund pursuant to this section. S 2. This act shall take effect immediately and shall expire March 31, 2014, when upon such date, the provisions of such section shall be deemed repealed. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11376-01-3
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