Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 06, 2010 |
referred to local government |
Jun 02, 2009 |
referred to local government |
Senate Bill S5736
2009-2010 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Local Government Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-S5736 (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §219-a, Gen Muni L
- Versions Introduced in 2011-2012 Legislative Session:
-
S6435
2009-S5736 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5736 TITLE OF BILL : An act to amend the general municipal law, in relation to audits of certain service award programs PURPOSE : The purpose of this bill is to allow service award programs for a political subdivision in which fifty or fewer firefighters participate to have the audit done by the chief fiscal officer of such political subdivision. SUMMARY OF PROVISIONS : Section one amends the General Municipal Law to provide that for a service award program for a political subdivision in which fifty or fewer firefighters participate in such programs, such audit may be obtained from the chief fiscal officer of such political subdivision. Section two sets forth the enacting clause. JUSTIFICATION : The requirement to obtain an annual audit by an independent certified public accountant for a small municipality that has less than fifty participants is very costly and not affordable to our taxpayers. This amendment would not do away with an audit but the municipality would
2009-S5736 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5736 2009-2010 Regular Sessions I N S E N A T E June 2, 2009 ___________ Introduced by Sen. DeFRANCISCO -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the general municipal law, in relation to audits of certain service award programs THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 219-a of the general municipal law, as amended by chapter 458 of the laws of 2008, is amended to read as follows: 3. The sponsor or designated program administrator shall obtain an annual audit of its records by an independent certified public account- ant or an independent public accountant, PROVIDED THAT FOR A SERVICE AWARD PROGRAM FOR A POLITICAL SUBDIVISION IN WHICH FIFTY OR FEWER FIRE- FIGHTERS PARTICIPATE IN SUCH PROGRAM, SUCH AUDIT MAY BE OBTAINED FROM THE CHIEF FISCAL OFFICER OF SUCH POLITICAL SUBDIVISION. Such audit shall examine the program's financial conditions, actuarial assumptions, fidu- ciary investment and control, and asset allocations, including whether current assets are adequate to fund future liabilities. A copy of the audit shall be presented to the program sponsor and to the state comp- troller by such accountant. Copies of the audit shall also be made available for public inspection and copying. The audit must be completed within two hundred seventy days of the program sponsor's fiscal year. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14075-01-9
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