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NY A10337
Bill
Status
5/13/2022
Primary Sponsor
Jennifer Lunsford
Click for details
AI Summary
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Amends General Municipal Law Section 239-bb to allow new shared services actions in approved county-wide shared services property tax savings plans to be eligible for matching funding based on realized savings.
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Establishes two eligibility periods for savings: January 1 through December 31 for actions implemented in the calendar year following plan approval, or July 1 through June 30 for actions implemented in that fiscal year period.
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Limits matching funding eligibility to net savings between participating local governments; excludes savings from internal efficiencies or actions taken by a single local government without participation from another government.
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Requires counties and all participating local governments to collectively apply for matching funding and agree on the distribution and use of any matching funds received.
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Takes effect immediately upon enactment.
Legislative Description
Provides that new shared services actions in an approved and submitted county-wide shared services property tax savings plan may be eligible for funding to match savings from such action, subject to available appropriation.
Last Action
substituted by s8887a
6/3/2022