Bill Text: NY A04520 | 2011-2012 | General Assembly | Introduced

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Bill Title: Allows temporary inter-fund advances by river regulating districts.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2012-04-18 - held for consideration in environmental conservation [A04520 Detail]

Download: New_York-2011-A04520-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 2979                                                  A. 4520
                              2011-2012 Regular Sessions
                             S E N A T E - A S S E M B L Y
                                   February 4, 2011
                                      ___________
       IN  SENATE  --  Introduced  by  Sens.  FARLEY,  LITTLE -- read twice and
         ordered printed, and when printed to be committed to the Committee  on
         Environmental Conservation
       IN ASSEMBLY -- Introduced by M. of A. BUTLER -- Multi-Sponsored by -- M.
         of  A.  SAYWARD -- read once and referred to the Committee on Environ-
         mental Conservation
       AN ACT to amend the  environmental  conservation  law,  in  relation  to
         inter-fund advances by river regulating districts
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1.   Section 15-2141 of the  environmental  conservation  law,
    2  subdivision  2  as amended by chapter 55 of the laws of 1992, is amended
    3  to read as follows:
    4  S 15-2141. Hudson River Regulating District and Black  River  Regulating
    5               District: funds of the board.
    6    1.  Notwithstanding  the  consolidation of the Hudson River Regulating
    7  District and the Black River Regulating District into a single district,
    8  effectuated by this title, or any other provision of THIS title  [21  of
    9  this  article],  moneys  constituting  the  respective "general fund" or
   10  "debt service fund" or other fund or funds of either  the  Hudson  River
   11  Regulating  Board  or  District  or  the Black River Regulating Board or
   12  District, shall remain and be kept  separate  and  apart  and  shall  be
   13  applied  for  the  cost  of maintenance and operation in the area of the
   14  appropriate district and to pay the debts and obligations of the  appro-
   15  priate board or district, on whose account such moneys were received.
   16    2.  Notwithstanding  any  provision of sections 15-2137 and 15-2139 or
   17  any other provision of THIS title [21 of this article], all moneys here-
   18  after received by the Hudson River-Black River Regulating  District  and
   19  its board, as consolidated, by reason of assessments or from the sale of
   20  obligations  issued  or  from  other source, all for the purposes of the
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08420-01-1
       S. 2979                             2                            A. 4520
    1  respective areas  heretofore  comprising  the  Hudson  River  Regulating
    2  District  or the Black River Regulating District, shall be kept separate
    3  and apart and shall constitute "general funds" and "debt service  funds"
    4  and  other fund or funds with the same force and effect as funds hereto-
    5  fore constituted by the Hudson River Regulating Board or District and by
    6  the Black River Regulating Board or District and shall be applied solely
    7  for the cost of maintenance and operation in the respective  areas  from
    8  which  the  moneys  were  received  and to pay the debts and obligations
    9  accrued or as they become due in the areas where  the  debts  and  obli-
   10  gations  were  incurred,  provided,  however,  that  the expenses of the
   11  board, as consolidated by this part, and of its officers  and  employees
   12  shall  be  paid from the appropriate "general funds" in the same propor-
   13  tion as moneys are annually collected from  the  respective  areas.  The
   14  provisions  of section 15-2129, in so far as the same are applicable and
   15  not inconsistent herewith, shall apply as they relate  to  the  "general
   16  fund", "debt service fund", and to the fund or funds of the district.
   17    3.  THE  HUDSON RIVER-BLACK RIVER REGULATING DISTRICT, NOTWITHSTANDING
   18  THIS SECTION, OR ANY OTHER PROVISIONS OF  THIS  TITLE,  MAY  TEMPORARILY
   19  ADVANCE  MONIES  HELD  IN  ANY  FUND TO ANY OTHER FUND OF THE REGULATING
   20  DISTRICT. ANY SUCH TEMPORARY ADVANCE SHALL BE AUTHORIZED  BY  RESOLUTION
   21  OF  THE  BOARD AND APPROVED BY THE STATE COMPTROLLER. MONEYS TEMPORARILY
   22  ADVANCED PURSUANT TO THIS SECTION SHALL BE REPAID TO THE FUND FROM WHICH
   23  THEY WERE ADVANCED AS SOON AS AVAILABLE, BUT IN NO EVENT LATER THAN  THE
   24  CLOSE  OF THE NEXT SUCCEEDING REGULATING DISTRICT BUDGET CYCLE FOLLOWING
   25  THE CLOSE OF THE BUDGET CYCLE IN WHICH THE ADVANCE WAS MADE.  IF  MONEYS
   26  FROM  A  FUND  WHICH,  IF  RAISED BY TAXES, SPECIAL AD VALOREM LEVIES OR
   27  SPECIAL ASSESSMENTS, WOULD BE RAISED  FROM  TAXES,  SPECIAL  AD  VALOREM
   28  LEVIES  OR  SPECIAL  ASSESSMENTS  ON A DIFFERENT BASE OF PROPERTIES THAN
   29  THOSE FOR WHICH TAXES, AD VALOREM LEVIES OR SPECIAL ASSESSMENTS WOULD BE
   30  RAISED FOR THE FUND TO WHICH THE ADVANCE IS MADE,  THE  REPAYMENT  SHALL
   31  INCLUDE  AN AMOUNT REASONABLY ESTIMATED TO BE THE ADDITIONAL AMOUNT THAT
   32  WOULD HAVE BEEN EARNED ON THE INVESTMENT OF MONEYS IN  THE  FUND  MAKING
   33  THE ADVANCE HAD THE ADVANCE NOT BEEN MADE.
   34    S 2. This act shall take effect immediately.