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NY S06799

Bill

Official Source

Status

Introduced

2/23/2016

Primary Sponsor

Kemp Hannon

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Authorizes the Town of Hempstead, Nassau County, to amortize employee separation payments over 10 years
  • Covers separation incentives and cash payments for accrued unused sick leave, vacation time, and other separation-required payments
  • Amends Section 11.00 of the Local Finance Law to add subdivision 108 permitting 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

SUBSTITUTED BY A10547

6/16/2016

Committee Referrals

Finance2/23/2016

Full Bill Text

No bill text available