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Assembly Bill A1833

2017-2018 Legislative Session

Relates to establishing a state operating funds spending cap

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Archive: Last Bill Status - In Assembly Committee

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2017-A1833 (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
2015-2016: A4823

2017-A1833 (ACTIVE) - Summary

Relates to establishing a state operating funds spending cap.

2017-A1833 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1833
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 13, 2017
                                ___________
 
 Introduced  by  M.  of  A.  McLAUGHLIN  -- 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:
   § 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.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04294-01-7

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