Bill Text: NY A05376 | 2015-2016 | General Assembly | Introduced

New York Assembly Bill 5376 (Prior Session Legislation)

Introduced

Bill Title: Exempts the costs associated with the construction of community college capital facilities from the real property tax levy limit for local governments.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2016-01-06 - referred to local governments [A05376 Detail]

Download: New_York-2015-A05376-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5376
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 20, 2015
                                      ___________
       Introduced by M. of A. GLICK, COOK, DUPREY, PAULIN, LUPINACCI, MONTESANO
         --  Multi-Sponsored by -- M. of A. CROUCH, JAFFEE, THIELE -- read once
         and referred to the Committee on Local Governments
       AN ACT to amend the general municipal law, in relation to exempting  the
         costs  associated  with  the construction of community college capital
         facilities from the real property tax levy limit for local governments
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subparagraph  (iv)  of  paragraph (g) of subdivision 2 of
    2  section 3-c of the general municipal law, as added by section 1 of  part
    3  A  of  chapter 97 of the laws of 2011, is amended and a new subparagraph
    4  (v) is added to read as follows:
    5    (iv) in years in which the normal contribution rate of  the  New  York
    6  state teachers' retirement system, as defined by paragraph a of subdivi-
    7  sion  two  of  section  five  hundred  seventeen  of  the education law,
    8  increases by more than two percentage points from the previous  year,  a
    9  tax levy necessary for expenditures for the coming fiscal year for local
   10  government  employer  contributions  to  the  New  York  state teachers'
   11  retirement system caused by growth in the normal contribution rate minus
   12  two percentage points[.];
   13    (V) A TAX LEVY NECESSARY FOR EXPENDITURES FOR THE COMING  FISCAL  YEAR
   14  RELATED  TO  THE  FINANCING,  REFINANCING, CONSTRUCTION, RECONSTRUCTION,
   15  RENOVATION, ACQUISITION, DESIGN, REHABILITATION,  IMPROVEMENT,  FURNISH-
   16  ING,  EQUIPPING  OR  ALTERATION OF COMMUNITY COLLEGE CAPITAL FACILITIES,
   17  INCLUDING DEBT SERVICE AND LEASE EXPENDITURES, AS APPROVED BY THE  LOCAL
   18  SPONSOR,  AS DEFINED IN SUBDIVISION THREE OF SECTION SIXTY-THREE HUNDRED
   19  ONE OF THE EDUCATION LAW.
   20    S 2. This act shall take effect immediately; provided,  however,  that
   21  the  amendments  to  section  3-c  of  the general municipal law made by
   22  section one of this act shall not affect the repeal of such section  and
   23  shall be deemed repealed therewith.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03273-01-5