Assembly Bill A6500B

Signed By Governor
2013-2014 Legislative Session

Authorizes the town of Stockport to transfer reserve funds to the Water Fund for repayment of a loan from the Town Sewer No. 1 Fund

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Archive: Last Bill Status Via S4450 - 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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Bill Amendments

2013-A6500 - Details

See Senate Version of this Bill:
S4450
Law Section:
General Municipal

2013-A6500 - Summary

Authorizes the town of Stockport to transfer reserve funds to the Water Fund for repayment of a loan from the Town Sewer No. 1 Fund.

2013-A6500 - Bill Text download pdf

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

                                  6500

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              April 4, 2013
                               ___________

Introduced by M. of A. P. LOPEZ -- read once and referred to the Commit-
  tee on Local Governments

AN  ACT  authorizing  the town of Stockport to transfer reserve funds to
  the Water Fund for repayment of a loan from the Town Sewer #1 Fund

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

  Section 1. Notwithstanding section 6-c or 6-g of the general municipal
law  or  any other provision to the contrary, the governing board of the
town of Stockport may authorize by resolution the transfer  of  $100,000
from  the  Capital  Reserve  Fund to the Water Fund for repayment of the
loan from the Town Sewer #1 Fund. The resolution authorized pursuant  to
this  section  shall  not  be  subject to referendum requirements of the
municipal home rule law.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09773-01-3


              

2013-A6500A - Details

See Senate Version of this Bill:
S4450
Law Section:
General Municipal

2013-A6500A - Summary

Authorizes the town of Stockport to transfer reserve funds to the Water Fund for repayment of a loan from the Town Sewer No. 1 Fund.

2013-A6500A - Bill Text download pdf

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

                                 6500--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              April 4, 2013
                               ___________

Introduced by M. of A. P. LOPEZ -- read once and referred to the Commit-
  tee  on  Local  Governments  --  committee  discharged,  bill amended,
  ordered reprinted as amended and recommitted to said committee

AN ACT authorizing the town of Stockport to transfer  reserve  funds  to
  the Water Fund for repayment of a loan from the Town Sewer #1 Fund

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

  Section 1. Notwithstanding section 6-c of the general municipal law or
any other provision to the contrary, the governing board of the town  of
Stockport  may authorize by resolution the transfer of $100,000 from the
Capital Reserve Fund created for the purpose of financing  the  acquisi-
tion  and/or construction of a municipal complex pursuant to section 6-c
of the general municipal law to the Water Fund for repayment of  a  loan
from  the Town Sewer #1 Fund. The resolution authorized pursuant to this
section shall not be subject to referendum.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09773-03-3


              

2013-A6500B (ACTIVE) - Details

See Senate Version of this Bill:
S4450
Law Section:
General Municipal

2013-A6500B (ACTIVE) - Summary

Authorizes the town of Stockport to transfer reserve funds to the Water Fund for repayment of a loan from the Town Sewer No. 1 Fund.

2013-A6500B (ACTIVE) - Bill Text download pdf

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

                                 6500--B

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              April 4, 2013
                               ___________

Introduced by M. of A. P. LOPEZ -- read once and referred to the Commit-
  tee  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 authorizing the town of Stockport to transfer  reserve  funds  to
  the  Water  Fund  for repayment of an inter-fund advance from the Town
  Sewer #1 Fund

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

  Section  1.  The  town  of  Stockport  was  unable  to  pay  its water
district's 2012 obligations, needed a $100,000 inter-fund  advance  from
the  Town  Sewer #1 Fund to pay such obligations, and is unable to repay
such inter-fund advance by the close of the fiscal  year  in  which  the
advance  was made as is required by section 9-a of the general municipal
law, without a significant  rate  increase,  therefore,  notwithstanding
section  6-c  of the general municipal law or any other provision to the
contrary, the governing board of the town of Stockport may authorize  by
resolution  the  transfer  of  $100,000  from  the  Capital Reserve Fund
created for the purpose of financing the acquisition and/or construction
of a municipal complex pursuant to section 6-c of the general  municipal
law  to the Water Fund for repayment of such inter-fund advance from the
Town Sewer #1 Fund provided that such transfer does not  result  in  the
effect  that  properties  that  are  not  included  in  the town's water
district contribute proportionally more for any project funded  by  such
capital  reserve  fund  than  the  properties  included  in  such  water
district. The resolution authorized pursuant to this section  shall  not
be subject to referendum.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09773-06-3


              

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