Senate Bill S298

Vetoed By Governor
2015-2016 Legislative Session

Relates to designated viewers of audits provided to the federal clearinghouse

download bill text pdf

Sponsored By

Archive: Last Bill Status - Vetoed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By Governor
  • Signed By Governor

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2015-S298 (ACTIVE) - Details

See Assembly Version of this Bill:
A1958
Law Section:
General Municipal Law
Laws Affected:
Add §40, Gen Muni L
Versions Introduced in 2013-2014 Legislative Session:
S6827, A9090

2015-S298 (ACTIVE) - Summary

Relates to designated viewers of audits provided to the federal clearinghouse.

2015-S298 (ACTIVE) - Sponsor Memo

2015-S298 (ACTIVE) - Bill Text download pdf

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

                                   298

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by  Sen. MARTINS -- 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  alternate
  viewers of audits provided to the federal clearinghouse

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

  Section 1. The general municipal  law  is  amended  by  adding  a  new
section 40 to read as follows:
  S  40. AUDITS TO FEDERAL CLEARINGHOUSE. 1. LOCAL GOVERNMENTAL ENTITIES
EXPENDING FEDERAL FUNDS THAT ARE REQUIRED TO FILE A SINGLE AUDIT TO  THE
FEDERAL  CLEARINGHOUSE  SHALL DESIGNATE ALL RELEVANT STATE AGENCIES THAT
ACTED AS A PASS-THROUGH ENTITY FOR FEDERAL FUNDS, AS DESIGNATED  VIEWERS
IN COMPLIANCE WITH THE SINGLE AUDIT ACT OF 1984 AND THE RELEVANT FEDERAL
CIRCULAR GUIDELINES.
  2.  FOR  PURPOSES  OF  THIS  SECTION: (A) "SINGLE AUDIT" SHALL MEAN AN
AUDIT REQUIRED FOR RECIPIENTS OF FEDERAL FINANCIAL ASSISTANCE  EQUAL  TO
OR  IN  EXCESS  OF  FIVE HUNDRED THOUSAND DOLLARS IN ANY FISCAL YEAR AND
INCLUDES THE MUNICIPALITY'S FINANCIAL STATEMENTS AND THE AMOUNT  OF  THE
FEDERAL FINANCIAL ASSISTANCE.
  (B) "LOCAL GOVERNMENTAL ENTITY" SHALL MEAN A MUNICIPAL CORPORATION, AS
DEFINED IN SECTION TWO OF THIS CHAPTER, OR SPECIAL DISTRICT.
  S  2. This act shall take effect upon the enactment of updates made to
Circular No. A-133 by the Federal Office of Management &  Budget  adding
the  ability  to  designate  a viewer to a single audit filing; provided
that the federal clearinghouse shall notify the legislative bill  draft-
ing  commission upon the occurrence of the updates to Circular No. A-133
in order that the commission may maintain an accurate and  timely  data-
base of the official text of the laws of the state of New York in furth-
erance  of  effectuating the provisions of section 44 of the legislative
law and section 70-b of the public officers law.

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

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