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Senate Bill S8422

Signed By Governor

2009-2010 Legislative Session

Relates to the effectiveness of the authorization of certain payments and transfers by the state university chancellor

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2009-S8422 (ACTIVE) - Details

See Assembly Version of this Bill:
A11604
Law Section:
Comptroller
Laws Affected:
Add Part JJ ยงยง4-a, 4-b & 4-c, Chap 56 of 2010

2009-S8422 (ACTIVE) - Summary

Extends the period of time in which certain payments and transfers by the state university chancellor shall be made.

2009-S8422 (ACTIVE) - Bill Text download pdf 

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

    S. 8422                                                 A. 11604

                      S E N A T E - A S S E M B L Y

                              June 30, 2010
                               ___________

IN  SENATE -- Introduced by COMMITTEE ON RULES -- read twice and ordered
  printed, and when printed to be committed to the Committee on Finance

IN ASSEMBLY -- Introduced  by  COMMITTEE  ON  RULES  --  read  once  and
  referred to the Committee on Ways and Means

AN  ACT  to  amend part JJ of chapter 56 of the laws of 2010 relating to
  authorizing certain payments and transfers, in relation  to  extending
  the period of time in which such payments and transfers shall be made

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

  Section 1. Part JJ of chapter 56 of  the  laws  of  2010  relating  to
authorizing  certain  payments  and transfers is amended by adding a new
section 4-a to read as follows:
  S 4-A. NOTWITHSTANDING ANY LAW TO THE CONTRARY, THE  STATE  UNIVERSITY
CHANCELLOR  OR HIS DESIGNEE IS AUTHORIZED AND DIRECTED TO TRANSFER ESTI-
MATED TUITION REVENUE BALANCES FROM THE STATE UNIVERSITY COLLECTION FUND
(344) TO THE STATE  UNIVERSITY  FUND  (345),  STATE  UNIVERSITY  REVENUE
OFFSET ACCOUNT (12) ON OR BEFORE MARCH 31, 2011.
  S 2. Part JJ of chapter 56 of the laws of 2010 relating to authorizing
certain payments and transfers is amended by adding a new section 4-b to
read as follows:
  S 4-B. NOTWITHSTANDING ANY LAW TO THE CONTRARY, AND IN ACCORDANCE WITH
SECTION 4 OF THE STATE FINANCE LAW, THE COMPTROLLER IS HEREBY AUTHORIZED
AND  DIRECTED TO TRANSFER, UPON REQUEST OF THE STATE UNIVERSITY CHANCEL-
LOR OR HIS DESIGNEE, UP TO $40,000,000 FROM THE STATE UNIVERSITY  INCOME
FUND  (345), STATE UNIVERSITY HOSPITALS INCOME REIMBURSABLE ACCOUNT (22)
UNDER HOSPITAL INCOME REIMBURSABLE FOR SERVICES AND EXPENSES OF HOSPITAL
OPERATIONS AND CAPITAL EXPENDITURES AT THE STATE  UNIVERSITY  HOSPITALS,
AND  THE  STATE  UNIVERSITY INCOME FUND (345) LONG ISLAND VETERANS' HOME
ACCOUNT (09) TO THE STATE UNIVERSITY CAPITAL PROJECTS FUND (384)  ON  OR
BEFORE JUNE 30, 2011.
  S 3. Part JJ of chapter 56 of the laws of 2010 relating to authorizing
certain payments and transfers is amended by adding a new section 4-c to
read as follows:

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

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