senate Bill S4034

2013-2014 Legislative Session

Relates to the pre-audit of expenditures from the state insurance fund by the state comptroller; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to finance
Mar 05, 2013 referred to finance

Co-Sponsors

S4034 - Details

See Assembly Version of this Bill:
A3732
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §88, rpld §88, Work Comp L
Versions Introduced in 2011-2012 Legislative Session:
A10316, S7562

S4034 - Summary

Relates to the pre-audit of expenditures from the state insurance fund by the state comptroller.

S4034 - Sponsor Memo

S4034 - Bill Text download pdf

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

                                  4034

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              March 5, 2013
                               ___________

Introduced  by  Sen.  SEWARD -- (at request of the State Comptroller) --
  read twice and ordered printed, and when printed to  be  committed  to
  the Committee on Finance

AN  ACT  to amend the workers' compensation law, in relation to the pre-
  audit of expenditures from the state insurance fund by the state comp-
  troller and to repeal certain provisions of such law relating thereto

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

  Section  1. Section 88 of the workers' compensation law, as amended by
chapter 6 of the laws of 2007, is amended to read as follows:
  S 88. Administration expenses. The entire expense of administering the
state insurance fund shall be paid out of such fund WHICH SHALL  NOT  BE
CONSIDERED  AN AGENCY OR A FUND OF THE STATE FOR THE PURPOSES OF SECTION
FOUR OF THE STATE FINANCE LAW.  The portion of such expenses  applicable
and  chargeable  to  the  disability  benefits fund [and the medical and
hospital malpractice fund] shall be determined  on  an  equitable  basis
with due allowance for the division of overhead expenses. Not later than
the  first  day  of November there shall be submitted to the director of
the budget for his approval an estimated budget of expenditures for  the
succeeding calendar year having due regard to the business interests and
contract  obligations  of  the fund.   There may not be expended for the
state insurance fund  for  purposes  of  administration  more  than  the
amounts specified in such budget for each item of expenditure, except as
authorized  by  the director of the budget.  THERE SHALL BE SUBMITTED TO
THE DIRECTOR OF THE BUDGET QUARTERLY FINANCIAL STATEMENTS ON A  CALENDAR
YEAR  BASIS.  In no case shall the amount of ADMINISTRATIVE expenditures
so authorized for an entire year [for] FROM  THE  workers'  compensation
[insurance]  FUND  exceed  twenty-five per centum of the earned premiums
for such insurance for that year. In no case shall the amount of  ADMIN-
ISTRATIVE  expenditures  authorized for the disability benefits fund for
an entire year exceed twenty-five per centum of the premiums  earned  by

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02599-01-3

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