Bill Text: NY S01935 | 2011-2012 | General Assembly | Introduced
Bill Title: Relates to the employee benefit accrued liability reserve fund.
Spectrum: Partisan Bill (Republican 6-0)
Status: (Introduced - Dead) 2012-01-04 - REFERRED TO LOCAL GOVERNMENT [S01935 Detail]
Download: New_York-2011-S01935-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
S. 1935 A. 2130
2011-2012 Regular Sessions
S E N A T E - A S S E M B L Y
January 14, 2011
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IN SENATE -- Introduced by Sens. LAVALLE, DeFRANCISCO, JOHNSON, LARKIN,
RANZENHOFER -- read twice and ordered printed, and when printed to be
committed to the Committee on Local Government
IN ASSEMBLY -- Introduced by M. of A. ENGLEBRIGHT -- read once and
referred to the Committee on Local Governments
AN ACT to amend the general municipal law, in relation to the employee
benefit accrued liability reserve fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 6-p of the general municipal law is amended by
2 adding a new subdivision 10 to read as follows:
3 10. IF AFTER AUDIT AND CERTIFICATION BY THE STATE COMPTROLLER THAT
4 THERE ARE FUNDS IN EXCESS OF THOSE REQUIRED TO SATISFY LIABILITIES,
5 THOSE EXCESS FUNDS MAY BE TRANSFERRED TO THE GENERAL FUND FOR THE
6 PURPOSE OF REAL PROPERTY TAX REDUCTION AND/OR VOTER APPROVED CAPITAL
7 PROJECTS.
8 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06555-01-1
