NY State Senate Bill 2013-S6409

Senate Bill S6409

Signed By Governor

2013-2014 Legislative Session

Extends the period of time for which a municipality has the power to exclude indebtedness contracted for sewage facilities

download bill text pdf

Archive: Last Bill Status - 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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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jul 22, 2014	signed chap.150
Jul 11, 2014	delivered to governor
May 06, 2014	returned to senate passed assembly ordered to third reading cal.615 substituted for a8480
Feb 27, 2014	referred to ways and means delivered to assembly passed senate
Feb 11, 2014	advanced to third reading
Feb 10, 2014	2nd report cal.
Feb 04, 2014	1st report cal.124
Jan 22, 2014	referred to local government

Votes

- Feb 27, 2014 - Floor Vote
  S6409
  
  58
  
  Aye
  
  1
  
  Nay
  
  0
  
  Absent
  
  2
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Feb 27, 2014
      
      aye (58)
      
      Addabbo Jr.
      
      Avella
      
      Ball
      
      Bonacic
      
      Boyle
      
      Breslin
      
      Carlucci
      
      DeFrancisco
      
      Diaz
      
      Dilan
      
      Farley
      
      Felder
      
      Flanagan
      
      Gallivan
      
      Gianaris
      
      Gipson
      
      Golden
      
      Griffo
      
      Grisanti
      
      Hannon
      
      Hassell-Thompson
      
      Hoylman-Sigal
      
      Kennedy
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Latimer
      
      Libous
      
      Little
      
      Marcellino
      
      Marchione
      
      Martins
      
      Montgomery
      
      Nozzolio
      
      O'Brien
      
      O'Mara
      
      Parker
      
      Perkins
      
      Ranzenhofer
      
      Ritchie
      
      Rivera
      
      Robach
      
      Sampson
      
      Sanders Jr.
      
      Savino
      
      Serrano
      
      Seward
      
      Skelos
      
      Smith
      
      Squadron
      
      Stavisky
      
      Stewart-Cousins
      
      Tkaczyk
      
      Valesky
      
      Young
      
      Zeldin
      
      nay (1)
      
      Maziarz
      
      excused (2)
      
      Espaillat
      
      Peralta
  Feb 4, 2014 - Local Government Committee Vote
  S6409
  
  8
  
  Aye
  
  0
  
  Nay
  
  1
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Local Government Committee Vote: Feb 4, 2014
      
      aye (8)
      
      Boyle
      
      Gipson
      
      Latimer
      
      Marchione
      
      Martins
      
      O'Brien
      
      Ritchie
      
      Valesky
      
      aye wr (1)
      
      Ball

2013-S6409 (ACTIVE) - Details

See Assembly Version of this Bill:: A8480
Law Section:: Local Finance Law
Laws Affected:: Amd §§124.10 & 136.00, Loc Fin L

2013-S6409 (ACTIVE) - Summary

Extends the period of time for which a municipality has the power to exclude indebtedness contracted for sewage facilities.

2013-S6409 (ACTIVE) - Sponsor Memo

                                BILL NUMBER:S6409

TITLE OF BILL:  An act to amend the local finance law, in relation to
the exclusion of indebtedness contracted for sewage facilities

PURPOSE:

This legislation will implement the amendment to Article 8, Section
5(E) of the State Constitution, which was approved by the voters on
November 5, 2013, extending the authorization for municipalities to
exclude from their constitutional debt limits indebtedness related to
sewage facilities.

SUMMARY OF SPECIFIC PROVISIONS:

This bill will make the necessary statutory changes to implement the
amendment to Article 8, Section 5(E) of the State Constitution
approved by the voters on November 5, 2013. Sections one and two amend
the Local Finance Law to extend, until 2024, the existing
authorization for counties, cities, towns and villages to exclude from
their constitutional debt limitations indebtedness issued for the
construction or reconstruction of facilities for the conveyance,
treatment and disposal of sewage. Bill section three makes a
conforming amendment to Local Finance Law Section 136.00(4-a), which
relates to the calculation of the debt limit.

JUSTIFICATION:

Since 1964, counties, cities, towns and villages have been authorized
to exclude sewer-related debt from their constitutional debt limits.
The constitutional authorization for the exclusion of sewer-related
debt was set to expire at the end of 2013.  On November 5, 2013, the
voters approved an amendment which extended the expiration date of the
constitutional exclusion to include debt issued prior to January 1,
2024. This legislation makes the necessary statutory changes to
provide for the implementation of the constitutional amendment
approved by the voters.

PRIOR LEGISLATIVE HISTORY:

This is new legislation. Similar legislation was enacted in 2003.

FISCAL IMPLICATIONS:

None for the State.

EFFECTIVE DATE:

This act shall take effect immediately and shall be deemed to have
been in full force and effect on and after January 1, 2014.

2013-S6409 (ACTIVE) - Bill Text download pdf

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

                                  6409

                            I N  S E N A T E

                            January 22, 2014
                               ___________

Introduced  by  Sen. MARTINS -- (at request of the State Comptroller) --
  read twice and ordered printed, and when printed to  be  committed  to
  the Committee on Local Government

AN  ACT  to amend the local finance law, in relation to the exclusion of
  indebtedness contracted for sewage facilities

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

  Section  1.  Paragraphs a and c of section 124.10 of the local finance
law, as amended by chapter 550 of the laws of 2003, are amended to  read
as follows:
  a.  In  ascertaining  the  power of a municipality to contract indebt-
edness, there may be excluded any outstanding indebtedness contracted by
such municipality on or after January first, nineteen hundred sixty-two,
and prior to January first, two thousand [fourteen] TWENTY-FOUR, for the
construction or reconstruction of facilities for the conveyance,  treat-
ment and disposal of sewage.
  c.  The  term  indebtedness,  as  used  in this section, shall include
indebtedness evidenced by obligations issued on or after January  first,
two  thousand  [fourteen]  TWENTY-FOUR  for the purpose of financing any
indebtedness contracted for the purposes and within the period specified
in paragraph a of this section.
  S 2. Paragraph 4-a of section 136.00 of  the  local  finance  law,  as
amended  by  chapter  550  of  the  laws  of 2003, is amended to read as
follows:
  4-a. Indebtedness for sewage facilities. In  the  case  of  a  munici-
pality,  the  amount  of outstanding indebtedness contracted on or after
January first, nineteen hundred sixty-two, and prior to  January  first,
two  thousand  [fourteen]  TWENTY-FOUR,  for  the construction or recon-
struction of facilities for the conveyance, treatment  and  disposal  of
sewage.  The  amount of such indebtedness to be deducted shall be ascer-
tained pursuant to section 124.10 of this chapter.
  S 3. This act shall take effect immediately and  shall  be  deemed  to
have been in full force and effect on and after January 1, 2014.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13073-01-3

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