|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to finance|
|Mar 05, 2013||referred to finance|
senate Bill S4034
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4034 - Details
S4034 - Sponsor Memo
BILL NUMBER:S4034 TITLE OF BILL: An act to amend the workers' compensation law, in relation to the pre-audit of expenditures from the state insurance fund by the state comptroller and to repeal certain provisions of such law relating thereto PURPOSE: This bill clarifies that payments from the State Insurance Fund are subject to pre-audit by the State Comptroller. SUMMARY OF PROVISIONS: There are two Sections numbered 88 in the Workers' Compensation Law. Section 1 of this bill amends the Section 88 of the Workers' Compensation Law that was amended by Chapter 6 of the Laws of 2007 and Section 2 of this bill repeals the Section 88 of the Workers' Compensation Law that was amended by Chapter 635 of the Laws of 1996. These amendments make it clear that the payments made from the State Insurance Fund ("Fund") are subject to pre-audit by the State Comptroller. Section 3 of this bill states that this act would take effect immediately and be deemed effective as of April 1, 1996.
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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