Assembly Bill A102

2021-2022 Legislative Session

Relates to requiring the director of the budget to provide monthly budget updates to the legislature

download bill text pdf

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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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2021-A102 (ACTIVE) - Details

See Senate Version of this Bill:
S4836
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Add §22-d, St Fin L
Versions Introduced in Other Legislative Sessions:
2019-2020: A10501, S8376
2023-2024: S4373

2021-A102 (ACTIVE) - Summary

Requires the director of the budget to provide monthly budget updates to the legislature including a detailed description of revenue shortfalls, spending overages, and any proposed adjustments to appropriations or disbursements pursuant to authorization granted in the two thousand twenty-one--twenty-two enacted budget.

2021-A102 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    102
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced by M. of A. CAHILL -- read once and referred to the Committee
   on Ways and Means
 
 AN  ACT  to  amend  the  state finance law, in relation to requiring the
   director of the budget to provide monthly budget updates to the legis-
   lature; and providing for the repeal of such provisions upon the expi-
   ration thereof
 
   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
 22-d to read as follows:
   § 22-D. MONTHLY FINANCIAL UPDATES. 1. ON OR BEFORE THE FIRST  OF  EACH
 MONTH,  THE  DIRECTOR OF THE BUDGET SHALL PROVIDE MONTHLY UPDATES ON THE
 ECONOMIC AND REVENUE OUTLOOK OF THE STATE. SUCH UPDATES  SHALL  INCLUDE,
 BUT  NOT  BE  LIMITED  TO, A DETAILED DESCRIPTION OF REVENUE SHORTFALLS,
 SPENDING OVERAGES, CASH FLOWS, BORROWING, AND ANY  PROPOSED  ADJUSTMENTS
 TO  APPROPRIATIONS OR DISBURSEMENTS PURSUANT TO AUTHORIZATION GRANTED IN
 THE TWO THOUSAND TWENTY-ONE--TWENTY-TWO ENACTED BUDGET. A COPY  OF  SUCH
 UPDATES  SHALL  BE SENT TO THE TEMPORARY PRESIDENT OF THE SENATE AND THE
 SPEAKER OF THE ASSEMBLY.  SUCH UPDATES SHALL ALSO BE POSTED CONSPICUOUS-
 LY ON THE DIVISION OF BUDGET'S WEBSITE.
   2. THE DIRECTOR OF THE BUDGET SHALL  PROVIDE  A  MEANS  BY  WHICH  ANY
 STAKEHOLDER  OR  MEMBER OF THE PUBLIC MAY SUBMIT COMMENTS OR SUGGESTIONS
 ON SUCH UPDATES. THE DIRECTOR OF THE BUDGET SHALL TAKE SUCH COMMENTS AND
 SUGGESTIONS INTO CONSIDERATION WHEN MAKING ANY ADJUSTMENTS TO  APPROPRI-
 ATIONS  AND  DISBURSEMENTS  PURSUANT TO AUTHORIZATION GRANTED IN THE TWO
 THOUSAND TWENTY-ONE--TWENTY-TWO ENACTED BUDGET.
   3. THE DIRECTOR OF THE BUDGET MAY PROVIDE ANY ADDITIONAL UPDATES AS HE
 OR SHE DEEMS APPROPRIATE. SUCH ADDITIONAL UPDATES SHALL BE DONE PURSUANT
 TO THE PROCESS ESTABLISHED IN THIS SECTION.
   § 2. This act shall take effect immediately and shall  expire  and  be
 deemed repealed April 1, 2022.

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