S T A T E O F N E W Y O R K ________________________________________________________________________ S. 6058--B A. 8843--B S E N A T E - A S S E M B L Y (PREFILED) January 4, 2012 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Local Govern- ment -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Local Governments -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- reference changed to the Committee on Governmental Employees -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee AN ACT to amend the local finance law, in relation to providing for a period of probable usefulness to the payment for a separation incen- tive program by the town of Southampton THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Paragraph a of section 11.00 of the local finance law is 2 amended by adding a new subdivision 106 to read as follows: 3 106. PAYMENTS BY THE TOWN OF SOUTHAMPTON TO OR FOR THE BENEFIT OF 4 EMPLOYEES UPON SEPARATION FROM EMPLOYMENT, AS MAY BE APPROVED BY THE 5 TOWN AND INCLUDING, BUT NOT LIMITED TO, CASH PAYMENT FOR SEPARATION 6 INCENTIVES AND/OR PAYMENT OF THE MONETARY VALUE OF ACCRUED AND ACCUMU- 7 LATED BUT UNUSED AND UNPAID SICK LEAVE, PERSONAL LEAVE, HOLIDAY LEAVE, 8 VACATION TIME, TIME ALLOWANCES GRANTED IN LIEU OF OVERTIME COMPENSATION, 9 PREMIUMS OR CONTRIBUTIONS WITH RESPECT TO HEALTH, DENTAL AND VISION CARE 10 INSURANCE PLANS FOR THE FISCAL YEAR IN WHICH SUCH SEPARATION OCCURS, AND 11 ANY OTHER FORMS OF PAYMENT REQUIRED TO BE PAID TO OR FOR THE BENEFIT OF 12 SUCH EMPLOYEES IN CONNECTION WITH THE SEPARATION FROM EMPLOYMENT, TEN 13 YEARS. 14 S 2. The town of Southampton may use the proceeds of obligations 15 issued for the purposes described in subdivision 106 of paragraph a of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13561-03-2 S. 6058--B 2 A. 8843--B 1 section 11.00 of the local finance law to reimburse expenditures made 2 for said purposes after the adoption of a resolution by the favorable 3 vote of at least four town board members declaring the intent to finance 4 said expenditures. 5 S 3. This act shall take effect immediately.