Loading chat...
NY S07352
Bill
Status
12/17/2014
Primary Sponsor
Jack Martins
Click for details
AI Summary
-
Allows counties, cities (excluding those with populations over 1 million), towns, and villages experiencing fiscal stress to request reimbursement for costs of external financial advisors to assist with multi-year financial planning
-
Permits the financial restructuring board for local governments to reimburse all or part of external advisor costs from monies appropriated to the board for grants and loans, regardless of whether the municipality has been formally determined to be fiscally eligible
-
Applies to municipalities that have elected to engage in multi-year planning with assistance from an external financial advisor
-
Takes effect immediately upon enactment
Legislative Description
Assists certain municipalities in adopting multi-year financial planning; and provides for the payment of such planning from monies appropriated to the financial restructuring board for local governments.
Last Action
SIGNED CHAP.526
12/17/2014