|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Feb 05, 2021||referred to finance|
senate Bill S4543
Current Bill Status - In Senate Committee Finance Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4543 (ACTIVE) - Details
S4543 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4543 SPONSOR: RAMOS TITLE OF BILL: An act to establish the "excluded worker fund act"; to amend the state finance law, in relation to establishing the excluded worker fund; and to amend the labor law, in relation to establishing the excluded worker program SUMMARY OF PROVISIONS: Section 1. Establishes the act to be cited as the "The excluded worker fund act". Section 2. Amends the state finance law by adding a new section 95-j which establishes the creation of the "excluded worker fund". The excluded worker fund can only be used for the purposes of wage replace- ment to workers and families unable to access traditional worker wage insurance or assistance programs. All money will be in joint custody of the state comptroller and commissioner of taxation and finance.
S4543 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4543 2021-2022 Regular Sessions I N S E N A T E February 5, 2021 ___________ Introduced by Sen. RAMOS -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to establish the "excluded worker fund act"; to amend the state finance law, in relation to establishing the excluded worker fund; and to amend the labor law, in relation to establishing the excluded work- er program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "excluded worker fund act". § 2. The state finance law is amended by adding a new section 95-j to read as follows: § 95-J. EXCLUDED WORKER FUND. 1. THERE IS HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE COMMISSIONER OF TAXATION AND FINANCE AND THE STATE COMPTROLLER A SPECIAL FUND TO BE KNOWN AS THE "EXCLUDED WORKER FUND". 2. ALL MONEYS COLLECTED AS CONTRIBUTIONS AND INTEREST RELATING TO WAGE REPLACEMENT TO WORKERS AND FAMILIES UNABLE TO ACCESS TRADITIONAL WORKER WAGE INSURANCE OR ASSISTANCE PROGRAMS SHALL BE DEPOSITED IN A BANK, TRUST COMPANY OR INDUSTRIAL BANK DESIGNATED BY THE STATE COMPTROLLER. MONEYS SO DEPOSITED SHALL BE CREDITED IMMEDIATELY TO THE ACCOUNT OF THE EXCLUDED WORKER FUND AND SHALL BE USED FOR THE PURPOSES SET FORTH IN SECTION SIX HUNDRED FORTY-FOUR OF THE LABOR LAW. MONEYS IN SUCH FUND MAY BE INVESTED BY THE STATE COMPTROLLER IN ACCORDANCE WITH THE PROVISIONS OF SECTION NINETY-EIGHT OF THIS ARTICLE, AND SHALL BE USED FOR THE PURPOSES SPECIFIED HEREIN. 3. MONEYS OF THE FUND SHALL BE USED EXCLUSIVELY FOR THE PURPOSE OF PROVIDING EMERGENCY WAGE REPLACEMENT TO WORKERS THAT DO NOT QUALIFY FOR UNEMPLOYMENT INSURANCE OR OTHER WORKER WAGE ASSISTANCE PROGRAMS AND TO HOUSEHOLDS WHO HAVE LOST A MAJOR SOURCE OF INCOME DUE TO THE DEATH OR DISABILITY OF A CLOSE HOUSEHOLD MEMBER WHO COULD NOT ACCESS UNEMPLOYMENT INSURANCE OR OTHER WORKER WAGE ASSISTANCE PROGRAMS. THE MONEYS SHALL BE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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