senate Bill S3420A

2013-2014 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 Committee


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

do you support this bill?

Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 24, 2014 print number 3420a
amend and recommit to finance
Jan 08, 2014 referred to finance
Feb 01, 2013 referred to finance

Bill Amendments

Original
A (Active)
Original
A (Active)

Co-Sponsors

S3420 - Details

Current Committee:
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 Previous Legislative Sessions:
2011-2012: S414A
2009-2010: S7284

S3420 - Summary

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

S3420 - Sponsor Memo

S3420 - Bill Text download pdf

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

                                  3420

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 1, 2013
                               ___________

Introduced  by  Sens. KRUEGER, MONTGOMERY, SERRANO, STAVISKY, VALESKY --
  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 III-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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01845-01-3

Co-Sponsors

S3420A (ACTIVE) - Details

Current Committee:
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 Previous Legislative Sessions:
2011-2012: S414A
2009-2010: S7284

S3420A (ACTIVE) - Summary

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

S3420A (ACTIVE) - Sponsor Memo

S3420A (ACTIVE) - Bill Text download pdf

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

                                 3420--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 1, 2013
                               ___________

Introduced  by  Sens. KRUEGER, MONTGOMERY, SERRANO, STAVISKY, VALESKY --
  read twice and ordered printed, and when printed to  be  committed  to
  the Committee on Finance -- recommitted to the Committee on Finance in
  accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

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 III-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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01845-02-4

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.