senate Bill S6435

2011-2012 Legislative Session

Provides that audits of service award programs in certain political subdivisions may be obtained from the chief fiscal officer of such political subdivision

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Archive: Last Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 11, 2012 referred to local governments
delivered to assembly
passed senate
May 31, 2012 advanced to third reading
May 30, 2012 2nd report cal.
May 23, 2012 1st report cal.904
Feb 09, 2012 referred to local government

Votes

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S6435 - Bill Details

See Assembly Version of this Bill:
A9504
Current Committee:
Law Section:
General Municipal Law
Laws Affected:
Amd ยง219-a, Gen Muni L
Versions Introduced in 2009-2010 Legislative Session:
S5736

S6435 - Bill Texts

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Provides that audits of service award programs in certain political subdivisions may be obtained from the chief fiscal officer of such political subdivision.

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BILL NUMBER:S6435

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
be able to have the audit done by the Town Board which would assist in
reducing the tax burden.

LEGISLATIVE HISTORY:
S.5736 (2010)

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
This act will take effect immediately.

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

                                  6435

                            I N  S E N A T E

                            February 9, 2012
                               ___________

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.
                                                           LBD14533-01-2

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