S T A T E O F N E W Y O R K
________________________________________________________________________
5048
2015-2016 Regular Sessions
I N A S S E M B L Y
February 10, 2015
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Introduced by M. of A. CLARK, JAFFEE, ORTIZ -- Multi-Sponsored by -- M.
of A. BARCLAY, FINCH, HEVESI, HOOPER, KOLB -- read once and referred
to the Committee on Ways and Means
AN ACT to amend the state finance law, in relation to the fiscal year
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivisions 1 and 2 of section 3 of the state finance law,
as added by chapter 1 of the laws of 1943 and such section as separately
renumbered by chapters 405 and 957 of the laws of 1981, are amended to
read as follows:
1. The current fiscal year of the state which commenced with the first
day of July, nineteen hundred forty-two, is hereby abridged and shall
end with the thirty-first day of March, nineteen hundred forty-three.
For all purposes of determining annual increments of state employees
pursuant to the education law, the civil service law or other state law,
and for all purposes whenever by law some act is to be performed or time
is to be measured by the fiscal year of the state, the current fiscal
year, as so abridged, shall be deemed to be a full year unless the
context clearly requires a contrary construction.
On and after the first day of April, nineteen hundred forty-three, the
fiscal year of the state, for the purpose of budget, appropriations,
receipts and disbursements of state moneys and all other state affairs
which are regulated in accordance with or based on fiscal years, includ-
ing the fiscal affairs of all state departments, commissions, boards,
agencies, offices and institutions, shall begin with the first day of
April and end with the next following thirty-first day of March HOWEVER
COMMENCING WITH THE YEAR TWO THOUSAND SIXTEEN, SHALL BEGIN WITH THE
FIRST OF APRIL AND END WITH THE NEXT FOLLOWING THIRTIETH OF APRIL AND
EVERY YEAR THEREAFTER SHALL BEGIN WITH THE FIRST OF MAY AND END WITH THE
NEXT FOLLOWING THIRTIETH OF APRIL.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08649-01-5
A. 5048 2
2. All books and accounts in the offices of the comptroller and the
department of taxation and finance shall be kept by fiscal years. All
annual accounts required to be rendered to the comptroller or to such
department by any person shall be closed on the thirty-first day of
March in each year AND COMMENCING WITH THE YEAR TWO THOUSAND SIXTEEN
SHALL BE CLOSED ON THE THIRTIETH OF APRIL IN EACH YEAR, and be rendered
as soon thereafter as practicable, if no time is specially prescribed by
law.
S 2. Notwithstanding any other provision of law to the contrary
commencing with the year 2016, the fiscal year shall end on the thirti-
eth of April and every year thereafter shall commence on the first of
May and end on the thirtieth of April. And commencing with the year 2016
any reference to the thirty-first of March shall be deemed to mean thir-
tieth of April and every year thereafter any reference to the first of
April shall be deemed to mean the first of May.
S 3. This act shall take effect immediately.