Assembly Bill A9731

2017-2018 Legislative Session

Provides that special revenue funds shall not be transferred or loaned temporarily without specific statutory authority

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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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2017-A9731 (ACTIVE) - Details

See Senate Version of this Bill:
S207
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Amd §4, St Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S1114
2011-2012: S3309
2013-2014: S874
2015-2016: S4478

2017-A9731 (ACTIVE) - Summary

Provides that special revenue funds shall not be transferred or loaned temporarily without specific statutory authority.

2017-A9731 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9731
 
                           I N  A S S E M B L Y
 
                             February 2, 2018
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on Ways and Means
 
 AN  ACT  to amend the state finance law, in relation to the transfer and
   temporary loan of special revenue funds
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section 4 of the state finance law is amended by adding a
 new subdivision 12 to read as follows:
   12. (A) NO MONEY OR OTHER FINANCIAL RESOURCES OF SPECIAL REVENUE FUNDS
 SHALL BE PROVIDED FROM JULY FIRST, TWO THOUSAND  TWENTY  AND  THEREAFTER
 FOR  TRANSFER OR TEMPORARY LOAN WITHOUT SPECIFIC STATUTORY AUTHORITY FOR
 SUCH TRANSFER OR TEMPORARY LOAN. THE STATE COMPTROLLER SHALL BE  AUTHOR-
 IZED  TO  LOAN SPECIAL REVENUE FUNDS MONEY ONLY AFTER STATUTORY APPROVAL
 FOR SUCH ACTION. THE DIRECTOR  OF  THE  DIVISION  OF  BUDGET  SHALL  NOT
 AUTHORIZE  OR PROVIDE ANY CERTIFICATES OF AUTHORIZATION.  SUCH STATUTORY
 AUTHORIZATION REQUIREMENT SHALL NOT BE SUPERSEDED, OVERRULED OR OBVIATED
 BY ANY PROVISION OF LAW CONTAINING NOTWITHSTANDING LANGUAGE.
   (B) THE DIVISION OF BUDGET,  IN  CONSULTATION  WITH  THE  STATE  COMP-
 TROLLER, SHALL DEVELOP PLANS FOR THE REPAYMENT OVER FIVE YEARS OF MONIES
 TRANSFERRED FROM SUCH SPECIAL REVENUE FUNDS TO THE GENERAL FUND.  BEFORE
 THE ADOPTION OF SUCH PLANS THE DIVISION OF BUDGET SHALL CONDUCT A SERIES
 OF PUBLIC HEARINGS IN CONJUNCTION WITH THE APPROPRIATE AGENCIES, OFFICES
 OR DEPARTMENTS ON SUCH PLANS. SUCH PLANS SHALL BE POSTED ON THE HOMEPAGE
 OF  THE  WEBSITE  MAINTAINED BY SUCH DIVISION. IF THE DIVISION OF BUDGET
 FAILS TO PRODUCE SUCH PLANS WITHIN ONE HUNDRED EIGHTY DAYS OF  AUTHORIZ-
 ING  SUCH TRANSFERS, THEN THE DIVISION OF BUDGET SHALL PROVIDE NOTICE OF
 SUCH FAILURE ON SUCH HOMEPAGE AND CONDUCT A TIMELY PUBLIC HEARING ON THE
 FAILURE TO PRODUCE SUCH PLANS. THE DIRECTOR OF THE BUDGET  SHALL  SUBMIT
 SUCH  PLANS  TO THE GOVERNOR, THE TEMPORARY PRESIDENT OF THE SENATE, THE
 SPEAKER OF THE ASSEMBLY, THE CHAIRPERSON OF THE SENATE FINANCE COMMITTEE
 AND THE CHAIRPERSON OF THE ASSEMBLY  WAYS  AND  MEANS  COMMITTEE  WITHIN
 FIFTEEN DAYS OF ADOPTION.
   § 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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