N.Y. General Municipal Law 219-O – Funding
§ 219-o. Funding. 1. The cost of a service award program including, but not limited to, amounts necessary to fund benefits and to pay for all necessary administrative services, shall be a charge against the sponsor. The governing board of the sponsor annually shall appropriate and pay to the administrator an amount sufficient to pay the cost of the program. The cost of the program shall be determined annually by the program actuary designated by the comptroller. The program actuary shall select the interest rate, mortality tables and other appropriate assumptions and methods to determine the cost of the program. The cost of the program, if any, attributable to (a) years of ambulance service rendered during the five years immediately preceding the adoption of the program or (b) the conversion of the program pursuant to section two hundred nineteen-i of this chapter, shall be paid over a period not to exceed five years. The comptroller shall promulgate rules and regulations prescribing the time and manner of payment of the cost of the program.
Terms Used In N.Y. General Municipal Law 219-O
- Ambulance company: shall mean a municipal ambulance service or a voluntary ambulance service, but shall not include an ambulance service organized pursuant to section two hundred nine-b of this chapter. See N.Y. General Municipal Law 219-K
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Fund: means the volunteer ambulance defined benefit service award fund created pursuant to this article. See N.Y. General Municipal Law 219-K
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Political subdivision: means a county, city, town, village, ambulance district, or fire protection district which contracts with an ambulance service which is not organized pursuant to section two hundred nine-b of this chapter. See N.Y. General Municipal Law 219-K
- program: means a defined benefit plan established, adopted and maintained under this article to provide service awards for volunteer ambulance workers. See N.Y. General Municipal Law 219-K
- Service award: means the benefit payable pursuant to a service award program. See N.Y. General Municipal Law 219-K
2. (a) Before or after a service award program is adopted for the volunteer ambulance workers of an ambulance company which contracts to provide service to one or more political subdivisions other than the prospective or actual sponsor of the program, the governing boards of the sponsor and one or more of such other political subdivisions may enter into agreements to apportion the cost of the program in any equitable manner between the sponsor and such other political subdivisions.
(b) No such agreement shall be entered into by a political subdivision other than the sponsor unless a resolution authorizing the agreement is approved by the affirmative vote of at least sixty percent of the governing board of the political subdivision and a proposition authorizing the agreement or amendment is approved at a referendum of the electors of the political subdivision.
(c) The proposition authorizing the agreement or amendment shall be submitted to referendum not less than thirty days and not more than ninety days after the governing board votes to authorize the agreement or amendment. Notice of the referendum shall be published at least once, not less than fourteen days prior to the date of the referendum, in the official newspaper of the political subdivision or, if the political subdivision does not have an official newspaper, in one or more newspapers having general circulation in the political subdivision.
(d) Any such agreement shall remain in effect until amended or terminated by resolution and submission of a proposition to referendum as provided in paragraphs (b) and (c) of this subdivision, but shall be suspended with respect to any such political subdivision which ceases to contract with the ambulance company or in the event the sponsor ceases to contract with the ambulance company.
(e) The amount to be paid by a political subdivision under any such contract shall be a charge against the political subdivision and shall be paid to the sponsor. The governing board of the sponsor shall apply the amount received under any such contract to reduce the amount that would otherwise be raised for the program from the sponsor.