New York S 2259: Provides for indexing of certain appropriations

Bill Text

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S02259 Summary:

BILL NOS02259 

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SAME ASNo Same As

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SPONSORCOONEY

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COSPNSR

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MLTSPNSR

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Amd §10-c, Hway L

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Provides for indexing of certain appropriations; provides that on and after January 1, 2027 and on each following January first, the commissioner shall index the level of such appropriations for subsequent state fiscal years based on the national highway construction cost index for the most recent twelve month period; provides that the commissioner shall increase appropriations by the rate of inflation for the most recent twelve month period that is available at the time the adjusted rate is calculated and announced using the national highway construction cost index, or a successor index as calculated by the United States federal highway administration, if such rate of inflation is greater than zero percent.

Go to top S02259 Actions:

BILL NOS02259 

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01/16/2025REFERRED TO TRANSPORTATION

01/07/2026REFERRED TO TRANSPORTATION

Go to topS02259 Committee&nbspVotes:

Go to topS02259 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS02259 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2259

 2025-2026 Regular Sessions

 IN SENATE

 January 16, 2025
 ___________

 Introduced by Sen. COONEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Transportation

 AN ACT to amend the highway law, in relation to indexing appropriations

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 2 of section 10-c of the highway law, as
 2 amended by chapter 355 of the laws of 1999, is amended to read as
 3 follows:
 4 2. On or before the twenty-fifth day of April, June, September and
 5 November of each state fiscal year commencing with the state fiscal year
 6 beginning on April first, nineteen hundred eighty-four there shall be
 7 distributed and paid to counties, cities, towns and villages an amount
 8 equal to the moneys appropriated for the purposes of this section
 9 divided by the number of payment dates in that state fiscal year. Such
 10 amounts shall be distributed and paid pursuant to subdivision three of
 11 this section. Provided, however, that on and after January first, two
 12 thousand twenty-seven and on each following January first, the commis-
 13 sioner shall index the level of such appropriations for subsequent state
 14 fiscal years based on the national highway construction cost index for
 15 the most recent twelve month period. The commissioner shall increase
 16 appropriations by the rate of inflation for the most recent twelve month
 17 period that is available at the time the adjusted rate is calculated and
 18 announced using the national highway construction cost index, or a
 19 successor index as calculated by the United States federal highway
 20 administration, if such rate of inflation is greater than zero percent.
 21 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03558-01-5

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