Bill S6823-2013

Relates to indexing of appropriations

Relates to indexing of appropriations; provides that on and after January first, two thousand sixteen and on each following January first, the commissioner shall index the level of such appropriations for subsequent state fiscal years based on the national highway construction cost index for the most recent twelve month period; provides that the commissioner shall increase appropriations by the rate of inflation for the most recent twelve month period that is available at the time the adjusted rate is calculated and announced using the national highway construction cost index, or a successor index as calculated by the United States federal highway administration, if such rate of inflation is greater than zero percent.

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  • Mar 13, 2014: REFERRED TO TRANSPORTATION

Memo

BILL NUMBER:S6823

TITLE OF BILL: An act to amend the highway law, in relation to indexing appropriations

SUMMARY OF SPECIFIC PROVISIONS:

Section 1: Amends Subdivision 2 of section 10-c of the highway law, to provide for indexing of the consolidated highway improvement program appropriation for subsequent state fiscal years based on the national highway construction cost index for the most recent twelve month period.

PURPOSE AND JUSTIFICATION:

Cost increases are inevitable and do not discriminate against individuals or industries. This reality is particularly true in the highway construction industry, where the price of materials and the fuel necessary to deliver them have skyrocketed in recent years. While we received an increase in the State's funding for municipal road and bridge projects in recent years, traditionally these fund have not kept pace with increasing costs and deteriorating municipal infrastructure.

In order to address this issue and provide our municipal superintendents and highway crews with the sufficient resources necessary to maintain safe roads and bridges across New York State, we need to fashion our funding formulas and mechanisms to reflect these inevitable increases. By indexing the amount of money we dedicate to our infrastructure each year to inflation, we can more accurately determine the appropriate amount of resources necessary to maintain and improve our infrastructure.

PRIOR LEGISLATIVE HISTORY:

New Bill

FISCAL IMPLICATIONS:

To be determined.

EFFECTIVE DATE:

This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 6823 IN SENATE March 13, 2014 ___________
Introduced by Sens. KENNEDY, DILAN -- read twice and ordered printed, and when printed to be committed to the Committee on Transportation AN ACT to amend the highway law, in relation to indexing appropriations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 10-c of the highway law, as amended by chapter 355 of the laws of 1999, is amended to read as follows: 2. On or before the twenty-fifth day of April, June, September and November of each state fiscal year commencing with the state fiscal year beginning on April first, nineteen hundred eighty-four there shall be distributed and paid to counties, cities, towns and villages an amount equal to the moneys appropriated for the purposes of this section divided by the number of payment dates in that state fiscal year. Such amounts shall be distributed and paid pursuant to subdivision three of this section. PROVIDED, HOWEVER, THAT ON AND AFTER JANUARY FIRST, TWO THOUSAND SIXTEEN AND ON EACH FOLLOWING JANUARY FIRST, THE COMMISSIONER SHALL INDEX THE LEVEL OF SUCH APPROPRIATIONS FOR SUBSEQUENT STATE FISCAL YEARS BASED ON THE NATIONAL HIGHWAY CONSTRUCTION COST INDEX FOR THE MOST RECENT TWELVE MONTH PERIOD. THE COMMISSIONER SHALL INCREASE APPROPRI- ATIONS BY THE RATE OF INFLATION FOR THE MOST RECENT TWELVE MONTH PERIOD THAT IS AVAILABLE AT THE TIME THE ADJUSTED RATE IS CALCULATED AND ANNOUNCED USING THE NATIONAL HIGHWAY CONSTRUCTION COST INDEX, OR A SUCCESSOR INDEX AS CALCULATED BY THE UNITED STATES FEDERAL HIGHWAY ADMINISTRATION, IF SUCH RATE OF INFLATION IS GREATER THAN ZERO PERCENT. S 2. This act shall take effect immediately.

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