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Assembly Bill A2624

2015-2016 Legislative Session

Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund

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Archive: Last Bill Status - In Assembly Committee

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2015-A2624 (ACTIVE) - Details

See Senate Version of this Bill:
S2988
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Add ยง73-a, St Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: A989, S3207
2011-2012: A1354, S173
2013-2014: A385, S1091
2017-2018: A1561, S398
2019-2020: A4564
2021-2022: A5934
2023-2024: A1989
2025-2026: A7440

2015-A2624 (ACTIVE) - Summary

Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund.

2015-A2624 (ACTIVE) - Bill Text download pdf 

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

                                  2624

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 20, 2015
                               ___________

Introduced  by  M. of A. HAWLEY, LOPEZ, CROUCH, BARCLAY, FINCH, TEDISCO,
  McKEVITT, SALADINO, BUTLER, RAIA, DUPREY, KOLB, GIGLIO --  Multi-Spon-
  sored  by  --  M. of A. CORWIN, McDONOUGH, McLAUGHLIN, OAKS, THIELE --
  read once and referred to the Committee on Ways and Means

AN ACT to amend the state finance law, in relation  to  prohibiting  the
  transfer of unexpended moneys from funds receiving moneys from a dedi-
  cated fee into any other fund

  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
73-a to read as follows:
  S  73-A.    TRANSFER OF FUNDS. NOTWITHSTANDING ANY PROVISION OF LAW TO
THE CONTRARY, UNEXPENDED MONEYS IN ANY FUND THAT:
  1. RECEIVES REVENUES FROM A DEDICATED FEE;
  2. PROVIDES THAT MONEYS IN THE FUND SHALL BE KEPT  SEPARATE  FROM  AND
SHALL  NOT  BE  COMMINGLED WITH OTHER MONEYS IN THE CUSTODY OF THE COMP-
TROLLER; AND
  3. PROVIDES THAT MONEYS IN THE FUND SHALL BE  EXPENDED  ONLY  FOR  THE
PURPOSE DESIGNATED IN THE FUND
SHALL  NOT  BE  TRANSFERRED TO ANY OTHER FUND OR ACCOUNT OR USED FOR ANY
PURPOSE OTHER THAN THAT DESIGNATED BY THE FUND.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01627-01-5

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