NY A01181 | 2009-2010 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2009 - 25% progression, died in chamber
Action: 2009-06-23 - enacting clause stricken
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 7 2009 - 25% progression, died in chamber
Action: 2009-06-23 - enacting clause stricken
Text: Latest bill text (Introduced) [HTML]
Summary
This measure would clarify the method by which interest may be calculated on judgments against certain governmental entities for which a specific interest rate has not been fixed by statute, by linking the rate of interest paid by certain government entities on adverse judgments or accrued claims to prevailing market interest rates as determined by the weekly average 1-year constant maturity Treasury yield.
Title
An act to amend the general municipal law, the public housing law, the state finance law and chapter 585 of the laws of 1939, relating to the rate of interest to be paid by certain public corporations upon judgments and accrued claims, in relation to rates of interest paid by certain governmental entities
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-06-23 | enacting clause stricken | |
| 2009-01-07 | referred to judiciary |
