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Senate Bill S398

2017-2018 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 Senate Committee Finance Committee

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2017-S398 (ACTIVE) - Details

See Assembly Version of this Bill:
A1561
Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §73-a, St Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S3207, A989
2011-2012: S173, A1354
2013-2014: S1091, A385
2015-2016: S2988, A2624
2019-2020: A4564
2021-2022: A5934
2023-2024: A1989
2025-2026: A7440

2017-S398 (ACTIVE) - Summary

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

2017-S398 (ACTIVE) - Sponsor Memo

2017-S398 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    398
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 4, 2017
                                ___________
 
 Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Finance
 
 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:
   §  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.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02273-01-7

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