New York S 4392: Authorizes Broome county to impose an additional surcharge to pay for the costs associated with updating the services needed to provide an enhanced 911 emergency telephone system

Bill Text

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S04392 Summary:

BILL NOS04392 

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SAME ASSAME AS A04347

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SPONSORCOMRIE

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COSPNSR

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MLTSPNSR

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Add §1511-a, N-PC L

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Provides that any cemetery corporation is permitted to retire any certificates or other instruments of indebtedness related to its operations to the benefit of such cemetery's permanent maintenance fund upon notice to the certificate owners.

Go to top S04392 Actions:

BILL NOS04392 

&nbsp

02/04/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

04/28/2026REPORTED AND COMMITTED TO FINANCE

Go to topS04392 Committee&nbspVotes:

Go to topS04392 Floor&nbspVotes:

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

Go to topS04392 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4392

 2025-2026 Regular Sessions

 IN SENATE

 February 4, 2025
 ___________

 Introduced by Sen. COMRIE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions

 AN ACT to amend the not-for-profit corporation law, in relation to
 retiring cemetery indebtedness

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

 1 Section 1. The not-for-profit corporation law is amended by adding a
 2 new section 1511-a to read as follows:
 3 § 1511-a. Retirement of cemetery indebtedness.
 4 Following a mailing from the cemetery corporation providing at least
 5 sixty days notice to the last known owners at their addresses on file
 6 with the cemetery corporation, any certificates or other instruments of
 7 indebtedness issued under this article which shall have had dividends or
 8 proceeds remaining unclaimed for a period of three years shall revert
 9 such certificates or other instruments of indebtedness and any dividends
 10 or proceeds to the cemetery corporation which shall be deposited into
 11 the corporation's permanent maintenance fund for the preservation,
 12 improvement and maintenance of the cemetery. The cemetery shall maintain
 13 a record of these transfers to such fund and at the time of such trans-
 14 fer, any voting rights for such certificates or instruments shall be
 15 annulled. Subsequent to any deposits to a cemetery's fund, any claimant
 16 to such certificates or instruments of indebtedness shall be entitled
 17 only to the value of the instrument or certificate at the time of trans-
 18 fer.
 19 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05838-01-5

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