Bill Text: NY A07611 | 2013-2014 | General Assembly | Introduced
Bill Title: Provides for the reimbursement to municipalities for the loss of revenue resulting from a contract dispute with the state and a third party.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-01-08 - referred to local governments [A07611 Detail]
Download: New_York-2013-A07611-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
7611
2013-2014 Regular Sessions
I N A S S E M B L Y
May 28, 2013
___________
Introduced by M. of A. CERETTO -- read once and referred to the Commit-
tee on Local Governments
AN ACT to amend the state finance law, in relation to reimbursing muni-
cipalities for the loss of revenue resulting from a contract dispute
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. The state finance law is amended by adding a new section
2 139-l to read as follows:
3 S 139-L. REIMBURSEMENT. ANY INEQUITABLE LOSS OF REVENUE INCURRED BY A
4 STATE MUNICIPALITY THAT IS THE RESULT OF A CONTRACT DISPUTE BETWEEN THE
5 STATE AND ANY THIRD PARTY SHALL BE TRANSMITTED WITH SUPPORTING DOCUMEN-
6 TATION TO THE STATE COMPTROLLER. UPON RECEIVING DOCUMENTATION, THE STATE
7 COMPTROLLER SHALL HAVE THIRTY DAYS TO CONDUCT AN AUDIT OF SUCH LOSS. IF
8 IT IS DETERMINED THAT THE CLAIM BY THE MUNICIPALITY IS SUBSTANTIATED,
9 THE COMPTROLLER SHALL ISSUE FUNDS TO REIMBURSE THE MUNICIPALITY FOR ANY
10 LOSS OF REVENUE IMMEDIATELY. IF THE LOSS INCURRED BY THE MUNICIPALITY IS
11 ONGOING, THE COMPTROLLER WILL CONTINUE TO ISSUE FUNDS EVERY THIRTY DAYS
12 UNTIL THE DISPUTE IS RESOLVED.
13 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11226-01-3
