Bill Text: NY S06670 | 2017-2018 | General Assembly | Introduced

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Bill Title: Relates to the usage of moneys received from foreign fire insurance companies.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2017-12-18 - SIGNED CHAP.499 [S06670 Detail]

Download: New_York-2017-S06670-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6670
                               2017-2018 Regular Sessions
                    IN SENATE
                                      June 12, 2017
                                       ___________
        Introduced  by  Sen.  STEWART-COUSINS -- read twice and ordered printed,
          and when printed to be committed to the Committee on Rules
        AN ACT to amend chapter 308 of the laws of 1912  relating  to  providing
          for  the  distribution of the percentage or tax on receipts of foreign
          fire insurance companies doing business in the  city  of  Yonkers,  in
          relation  to  the usage of moneys received from foreign fire insurance
          companies
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Section  1 of chapter 308 of the laws of 1912 relating to
     2  providing for the distribution of the percentage or tax on  receipts  of
     3  foreign  fire insurance companies doing business in the city of Yonkers,
     4  as amended by chapter 920 of the laws of 1962, is  amended  to  read  as
     5  follows:
     6    §  1.  The corporation known as the Mutual Aid Association of the Paid
     7  Fire Department of the city of Yonkers, New York, shall be  entitled  to
     8  collect  and there shall be paid to it the percentage or tax on receipts
     9  of the foreign fire insurance companies doing business in  the  city  of
    10  Yonkers,  under the provisions of [sections five hundred fifty-three and
    11  fifty-four of] the insurance law[. The trustees of the Mutual Aid  Asso-
    12  ciation  of  the  Paid Fire Department of the city of Yonkers, New York,
    13  shall within ten days after the receipt of the same, pay to the treasur-
    14  er of the Firemen's Association of the state of New York ten per  centum
    15  of  the  amount  so received by it for the support or maintenance of the
    16  Volunteer Firemen's Home at Hudson, and shall pay  the  balance  to  the
    17  treasurer  or  chief fiscal officer of the Mutual Aid Association of the
    18  Paid Fire Department of the city of Yonkers, New York,] to be used  [for
    19  the care of indigent and disabled firemen and their families] in accord-
    20  ance  with sections nine thousand one hundred four and nine thousand one
    21  hundred five of the insurance law.
    22    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11596-02-7