NY S03546 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 8 2019 - 25% progression
Action: 2019-02-08 - REFERRED TO TRANSPORTATION
Pending: Senate Transportation Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Relates to indexing of appropriations; provides that on and after January first, two thousand twenty-one and on each following January first, the commissioner shall index the level of such appropriations for subsequent state fiscal years based on the national highway construction cost index for the most recent twelve month period; provides that the commissioner shall increase appropriations by the rate of inflation for the most recent twelve month period that is available at the time the adjusted rate is calculated and announced using the national highway construction cost index, or a successor index as calculated by the United States federal highway administration, if such rate of inflation is greater than zero percent.

Tracking Information

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Title

Relates to indexing of appropriations; provides that on and after January first, two thousand twenty-one and on each following January first, the commissioner shall index the level of such appropriations for subsequent state fiscal years based on the national highway construction cost index for the most recent twelve month period; provides that the commissioner shall increase appropriations by the rate of inflation for the most recent twelve month period that is available at the time the adjusted rate is calculated and announced using the national highway construction cost index, or a successor index as calculated by the United States federal highway administration, if such rate of inflation is greater than zero percent.

Sponsors


History

DateChamberAction
2019-02-08SenateREFERRED TO TRANSPORTATION

New York State Sources


Bill Comments

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