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NY A09116
Bill
Status
6/28/2010
Primary Sponsor
Harvey Weisenberg
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AI Summary
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Authorizes the Bay Park fire district in the town of Hempstead, Nassau County to transfer unexpended funds from its existing capital reserve account to any legally established fund, including its general fund, to provide property tax relief to district taxpayers.
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The amount of the transfer shall be determined by resolution of the district's board of fire commissioners.
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This authorization applies only to funds that were placed in the capital reserve account prior to the effective date of this act and any interest earned on those funds.
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Notwithstanding General Municipal Law Section 6-g, which normally restricts capital reserve fund usage.
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The act takes effect immediately upon enactment.
Legislative Description
Authorizes Bay Park fire district to refund and pay a portion of the existing funds in its capital reserve account to the taxpayers of the district.
Last Action
REFERRED TO RULES
6/28/2010