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Assembly Bill A8691

2017-2018 Legislative Session

Relates to requiring state agencies, public authorities and public benefit corporations to provide annual reports

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Archive: Last Bill Status - In Assembly Committee

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2017-A8691 (ACTIVE) - Details

Current Committee:
Assembly Governmental Operations
Law Section:
State Finance Law
Laws Affected:
Add §19-a, St Fin L
Versions Introduced in Other Legislative Sessions:
2015-2016: A10490
2019-2020: A6760
2021-2022: A4825
2023-2024: A3630
2025-2026: A2562

2017-A8691 (ACTIVE) - Summary

Relates to requiring state agencies, public authorities and public benefit corporations to provide annual reports including information on outstanding total debt for each entity, total annual debt service for each entity, annual debt issuance for each entity, and annual debt to be retired for each entity.

2017-A8691 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8691
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                            September 25, 2017
                                ___________
 
 Introduced  by  M.  of A. OAKS, BARCLAY, ERRIGO, GIGLIO -- read once and
   referred to the Committee on Governmental Operations
 
 AN ACT to amend the state finance law, in relation  to  requiring  state
   agencies,  public  authorities  and  public  benefit  corporations  to
   provide annual reports

   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
 19-a to read as follows:
   § 19-A.  ANNUAL  REPORTING  REQUIREMENTS.  NOTWITHSTANDING  ANY  OTHER
 PROVISIONS  OF  THE LAW TO THE CONTRARY COMMENCING ON JANUARY FIRST, TWO
 THOUSAND SEVENTEEN AND EACH YEAR THEREAFTER ALL STATE AGENCIES  AND  ALL
 STATE  AND  LOCAL  AUTHORITIES  AS  DEFINED BY SECTION TWO OF THE PUBLIC
 AUTHORITIES LAW SHALL SUBMIT TO THE  GOVERNOR,  THE  CHAIR  AND  RANKING
 MINORITY  MEMBER OF THE SENATE FINANCE COMMITTEE AND THE CHAIR AND RANK-
 ING MINORITY MEMBER OF THE ASSEMBLY WAYS AND MEANS COMMITTEE  AN  ANNUAL
 REPORT.  SUCH  REPORT  SHALL  INCLUDE,  BUT SHALL NOT BE LIMITED TO, THE
 OUTSTANDING TOTAL DEBT FOR EACH ENTITY; TOTAL ANNUAL  DEBT  SERVICE  FOR
 EACH ENTITY; ANNUAL DEBT ISSUANCE FOR EACH ENTITY; AND ANNUAL DEBT TO BE
 RETIRED FOR EACH ENTITY.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08423-01-7

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