Bill Text: NY S03546 | 2019-2020 | General Assembly | Introduced

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Bill 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO TRANSPORTATION [S03546 Detail]

Download: New_York-2019-S03546-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3546
                               2019-2020 Regular Sessions
                    IN SENATE
                                    February 8, 2019
                                       ___________
        Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Transportation
        AN ACT to amend the highway law, in relation to indexing appropriations
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision  2  of  section  10-c  of the highway law, as
     2  amended by chapter 355 of the laws  of  1999,  is  amended  to  read  as
     3  follows:
     4    2.  On  or  before  the twenty-fifth day of April, June, September and
     5  November of each state fiscal year commencing with the state fiscal year
     6  beginning on April first, nineteen hundred eighty-four  there  shall  be
     7  distributed  and  paid to counties, cities, towns and villages an amount
     8  equal to the moneys  appropriated  for  the  purposes  of  this  section
     9  divided  by  the number of payment dates in that state fiscal year. Such
    10  amounts shall be distributed and paid pursuant to subdivision  three  of
    11  this  section.   Provided, however, that on and after January first, two
    12  thousand twenty-one and on each following January first, the commission-
    13  er shall index the level of such  appropriations  for  subsequent  state
    14  fiscal  years  based on the national highway construction cost index for
    15  the most recent twelve month period.  The  commissioner  shall  increase
    16  appropriations by the rate of inflation for the most recent twelve month
    17  period that is available at the time the adjusted rate is calculated and
    18  announced  using  the  national  highway  construction  cost index, or a
    19  successor index as calculated  by  the  United  States  federal  highway
    20  administration, if such rate of inflation is greater than zero percent.
    21    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02041-01-9