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Senate Bill S3883

2013-2014 Legislative Session

Prohibits increase in state general fund spending in any fiscal year following a fiscal year in which the state has a surplus

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Archive: Last Bill Status - In Senate Committee Finance Committee

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2013-S3883 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add ยง22-d, St Fin L
Versions Introduced in 2011-2012 Legislative Session:
S7360

2013-S3883 (ACTIVE) - Summary

Prohibits increase in state general fund spending in any fiscal year following a fiscal year in which the state has a surplus.

2013-S3883 (ACTIVE) - Sponsor Memo

2013-S3883 (ACTIVE) - Bill Text download pdf 

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

                                  3883

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 26, 2013
                               ___________

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

AN ACT to amend the state finance law, in  relation  to  establishing  a
  state expenditure limitation for certain state fiscal years

  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
22-d to read as follows:
  S  22-D.  SPENDING  LIMITATION.  IN  ANY  FISCAL YEAR THAT IMMEDIATELY
FOLLOWS A FISCAL YEAR IN WHICH THE CASH SURPLUS FROM  THE  GENERAL  FUND
WAS  TRANSFERRED  TO  THE  TAX  STABILIZATION  RESERVE  FUND PURSUANT TO
SECTION NINETY-TWO OF THIS CHAPTER, THE GOVERNOR SHALL  NOT SUBMIT,  AND
THE  LEGISLATURE SHALL NOT ACT UPON, A BUDGET IN WHICH STATE SPENDING IN
SUCH FISCAL YEAR EXCEEDS THE AMOUNT OF SPENDING IN THE IMMEDIATELY PRIOR
FISCAL YEAR IN WHICH SUCH    SURPLUS  OCCURRED.  FOR  PURPOSES  OF  THIS
SECTION,  STATE  SPENDING  SHALL  NOT INCLUDE AMOUNTS APPROPRIATED TO OR
DISTRIBUTED FROM ANY FUND OF THE STATE OTHER THAN THE GENERAL FUND.
  S 2. This act shall take effect immediately and shall apply  to  state
fiscal years beginning on and after April 1, 2014.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07358-01-3

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