Assembly Bill A4823

2015-2016 Legislative Session

Relates to establishing a state operating funds spending cap

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

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

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2015-A4823 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Add §28, St Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: A4580
2017-2018: A1833

2015-A4823 (ACTIVE) - Summary

Relates to establishing a state operating funds spending cap.

2015-A4823 (ACTIVE) - Bill Text download pdf 

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

                                  4823

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 6, 2015
                               ___________

Introduced  by  M.  of  A. McLAUGHLIN, COOK, TEDISCO, RA, FITZPATRICK --
  Multi-Sponsored by -- M.  of A. ARROYO, BARCLAY, BLANKENBUSH, BORELLI,
  CERETTO,  CORWIN,  CURRAN,  FINCH,  GARBARINO,  GRAF,  HAWLEY,  LALOR,
  MONTESANO,  PALMESANO,  RAIA,  WALTER -- read once and referred to the
  Committee on Ways and Means

AN ACT to amend the state finance law,  in  relation  to  capping  state
  spending

  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 28
to read as follows:
  S 28. ESTABLISHMENT OF ANNUAL SPENDING  CAP.  1.  NOTWITHSTANDING  ANY
OTHER  PROVISION  OF  LAW TO THE CONTRARY, THERE IS HEREBY ESTABLISHED A
STATE OPERATING FUNDS STATE SPENDING CAP.  COMMENCING  THE  FIRST  STATE
FISCAL  YEAR  AFTER THIS SECTION SHALL HAVE BECOME A LAW STATE OPERATING
FUNDS SPENDING SHALL BE CAPPED AT THE RATE  OF  INFLATION,  AS  AVERAGED
OVER THE PRIOR THREE YEARS.
  2.  THE  GOVERNOR  SHALL NOT SUBMIT, AND THE LEGISLATURE SHALL NOT ACT
UPON, A BUDGET THAT CONTAINS ANY INCREASE NOT  IN  ACCORDANCE  WITH  THE
PROVISIONS OF SUBDIVISION ONE OF THIS SECTION.
  3.  THE  GOVERNOR  SHALL CERTIFY IN WRITING THAT STATE OPERATING FUNDS
SPENDING IN THE EXECUTIVE BUDGET  DOES  NOT  EXCEED  THE  PROVISIONS  OF
SUBDIVISION ONE OF THIS SECTION.
  4.  THE  COMPTROLLER  SHALL PROVIDE, WITHIN FIVE DAYS OF ACTION BY THE
LEGISLATURE UPON THE BUDGET, A DETERMINATION AS  TO  WHETHER  THE  STATE
OPERATING  FUNDS  SPENDING  AS  SET FORTH IN THE STATE BUDGET AS ENACTED
EXCEEDS THE SPENDING CAP.
  5. IF THE COMPTROLLER FINDS THAT STATE OPERATING FUNDS SPENDING AS SET
FORTH IN THE STATE BUDGET AS  ENACTED  EXCEEDS  THE  SPENDING  CAP,  THE
LEGISLATURE  SHALL  TAKE  CORRECTIVE  ACTION  TO  ENSURE THAT FUNDING IS
LIMITED TO THE AMOUNT OF THE SPENDING CAP.
  S 2. This act shall take effect immediately.

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

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