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NY A10552

Bill

Official Source

Status

Passed

7/18/2012

Primary Sponsor

Charles Lavine

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Authorizes the Town of Oyster Bay in Nassau County to amortize employee separation payments over a 10-year period
  • Allows amortization of separation incentives and cash payments for unused accrued sick leave, vacation time, and other separation-related payments as approved by the town
  • Amends paragraph (a) of section 11.00 of the Local Finance Law by adding new subdivision 106
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the town of Oyster Bay, county of Nassau to amortize the cost of payments to employees upon separation of service from the town.

Last Action

signed chap.178

7/18/2012

Committee Referrals

Rules6/20/2012
Rules6/19/2012
Ways and Means6/18/2012
Governmental Employees6/5/2012

Full Bill Text

No bill text available