Senate Bill S7284

2009-2010 Legislative Session

Enacts a balanced budget requirement and creates the New York state governmental accounting review board

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance 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

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2009-S7284 (ACTIVE) - Details

See Assembly Version of this Bill:
A10637
Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add Art 3-A §§35 - 37, amd §22, St Fin L; amd §54, Leg L
Versions Introduced in Other Legislative Sessions:
2011-2012: S414, A3794
2013-2014: S3420
2015-2016: S2662
2017-2018: S5017
2019-2020: S3980
2021-2022: S1438
2023-2024: S3563

2009-S7284 (ACTIVE) - Summary

Enacts a balanced budget requirement and creates the New York state governmental accounting review board.

2009-S7284 (ACTIVE) - Sponsor Memo

2009-S7284 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7284

                            I N  S E N A T E

                             March 29, 2010
                               ___________

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

AN ACT to amend the state  finance  law  and  the  legislative  law,  in
  relation  to  enacting  a balanced budget requirement and creating the
  New York state governmental accounting review board

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The  state finance law is amended by adding a new article
3-A to read as follows:
                               ARTICLE 3-A
                    BUDGETING ACCORDING TO GENERALLY
                     ACCEPTED ACCOUNTING PRINCIPLES
SECTION 35. DEFINITIONS.
        36. DEVELOPMENT OF THE EXECUTIVE BUDGET SUBMISSION  AND  ENACTED
              BUDGET.
        37. NEW YORK STATE GOVERNMENTAL ACCOUNTING REVIEW BOARD.
  S  35.  DEFINITIONS.  AS USED IN THIS ARTICLE, THE FOLLOWING WORDS AND
TERMS SHALL HAVE THE FOLLOWING MEANINGS UNLESS THE CONTEXT  SHALL  INDI-
CATE ANOTHER OR DIFFERENT MEANING OR INTENT.
  1.  "BOARD"  MEANS NEW YORK STATE GOVERNMENTAL ACCOUNTING REVIEW BOARD
PURSUANT TO SECTION THIRTY-SEVEN OF THIS ARTICLE.
  2. "REVENUES" MEAN ALL TAXES,  RENTS,  FEES,  CHARGES,  PAYMENTS,  ALL
PROCEEDS  FROM  BORROWINGS AND OTHER INCOME AND RECEIPTS PAID OR PAYABLE
TO OR FOR THE STATE'S TREASURY.
  3.  "GENERALLY  ACCEPTED  ACCOUNTING  PRINCIPLES"  MEANS  THE  SET  OF
ACCOUNTING  PRINCIPLES FOR FINANCIAL REPORTING ESTABLISHED BY THE FINAN-
CIAL ACCOUNTING STANDARDS ADVISORY BOARD AND GOVERNED  BY  THE  AMERICAN
INSTITUTE  OF  CERTIFIED  PUBLIC ACCOUNTANTS FOR FEDERAL REPORTING ENTI-
TIES.
  4. "EXECUTIVE BUDGET SUBMISSION" MEANS THE DOCUMENT SUBMITTED  BY  THE
GOVERNOR  TO THE LEGISLATURE PURSUANT TO SECTION TWO OF ARTICLE SEVEN OF
THE STATE CONSTITUTION.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16545-02-0

              

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