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NY A11707

Bill

Official Source

Status

Introduced

10/13/2010

Primary Sponsor

Kevin Cahill

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Amends the Local Finance Law to authorize the City of Kingston to amortize employee separation payments over a five-year period
  • Allows amortization of payments made to employees separating from service during January 1 through December 31, 2010
  • Covers cash payments for separation incentives and monetary value of unused accrued leave including sick leave, personal leave, holiday leave, vacation time, and overtime compensation
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the city of Kingston to amortize the cost of payments to employees upon separation of service from such city during 2010.

Last Action

print number 11707a

10/29/2010

Committee Referrals

Cities10/13/2010

Full Bill Text

No bill text available