Relates to certain municipalities receiving state aid.
TITLE OF BILL: An act to amend the state finance law, in relation to certain municipalities receiving state aid
To amend the state finance law, in relation to certain municipalities receiving state aid.
SUMMARY OF PROVISIONS:
Allows newly incorporated village, towns, or cities post 2005 to permanently receive AIM funding according to State Finance Law.
These newly incorporated village, towns, or cities are excluded from AIM funding solely on the basis of being incorporated post 2005 according to State Finance Law Section 54.
Permanently allocated AIM funds to newly incorporated village, towns, or cities.
This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 7625--B Cal. No. 1091 IN SENATE May 20, 2014 ___________Introduced by Sens. LARKIN, ZELDIN -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- reported favorably from said commit- tee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the state finance law, in relation to certain munici- palities receiving state aid THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (viii) of paragraph a of subdivision 10 of section 54 of the state finance law is amended by adding a new clause 3 to read as follows: (3) FOR THE STATE FISCAL YEAR COMMENCING APRIL FIRST, TWO THOUSAND FIFTEEN AND IN EACH STATE FISCAL YEAR THEREAFTER, THE AMOUNT OF MISCEL- LANEOUS FINANCIAL ASSISTANCE FROM THE LOCAL ASSISTANCE ACCOUNT RECEIVED BY A VILLAGE IN THE FISCAL YEAR BEGINNING APRIL FIRST, TWO THOUSAND FOURTEEN. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13949-07-4