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Assembly Bill A11623

2009-2010 Legislative Session

Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund

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Archive: Last Bill Status - In Assembly Committee

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2009-A11623 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Add ยง73, St Fin L
Versions Introduced in 2011-2012 Legislative Session:
A917

2009-A11623 (ACTIVE) - Summary

Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund.

2009-A11623 (ACTIVE) - Bill Text download pdf 

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

                                  11623

                          I N  A S S E M B L Y

                              July 6, 2010
                               ___________

Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Destito) --
  read once and referred to the Committee on Ways and Means

AN ACT to amend the state finance law, in relation  to  prohibiting  the
  transfer of unexpended moneys from funds receiving moneys from a dedi-
  cated fee into any other fund

  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 section 73
to read as follows:
  S 73. TRANSFER OF FUNDS. NOTWITHSTANDING ANY PROVISION OF LAW  TO  THE
CONTRARY, UNEXPENDED MONEYS IN ANY FUND THAT:
  1. RECEIVES REVENUES FROM A DEDICATED FEE;
  2.  PROVIDES  THAT  MONEYS IN THE FUND SHALL BE KEPT SEPARATE FROM AND
SHALL NOT BE COMMINGLED WITH OTHER MONEYS IN THE CUSTODY  OF  THE  COMP-
TROLLER; AND
  3.  PROVIDES  THAT  MONEYS  IN THE FUND SHALL BE EXPENDED ONLY FOR THE
PURPOSE DESIGNATED IN THE FUND
  SHALL NOT BE TRANSFERRED TO ANY OTHER FUND OR ACCOUNT OR USED FOR  ANY
PURPOSE  OTHER THAN THAT DESIGNATED BY THE FUND WHEN MANDATED FOR SAFETY
AND EDUCATIONAL PURPOSES AS SPECIFIED IN THEIR ORIGINAL STATUTE.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD17660-01-0

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