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NY A10547

Bill

Official Source

Status

Passed

8/19/2016

Primary Sponsor

Earlene Hooper

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends the local finance law to allow the town of Hempstead, Nassau County, to amortize payments to employees upon separation of service over a 10-year period
  • Covers separation payments including cash incentives, accrued and unused sick leave, vacation time, and other required separation payments
  • Adds subdivision 108 to section 11.00 of the local finance law to authorize this amortization practice
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the town of Hempstead, in the county of Nassau, to amortize over a period of 10 years, the payments made to town employees upon separation from employment.

Last Action

signed chap.265

8/19/2016

Committee Referrals

Rules6/15/2016
Rules6/14/2016
Ways and Means6/9/2016
Local Governments6/2/2016

Full Bill Text

No bill text available