Bill Text: NY A10144 | 2009-2010 | General Assembly | Introduced

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Bill Title: Relates to the employee benefit accrued liability reserve fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-03-05 - referred to local governments [A10144 Detail]

Download: New_York-2009-A10144-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         10144
                                 I N  A S S E M B L Y
                                     March 5, 2010
                                      ___________
       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.
                                                                  LBD07848-04-0