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
                                      ___________
       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