|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 05, 2022||referred to finance|
|Feb 16, 2021||referred to finance|
senate Bill S4836
Current Bill Status - In Senate Committee Finance Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4836 (ACTIVE) - Details
S4836 (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.
S4836 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4836 SPONSOR: BIAGGI TITLE OF BILL: An act to amend the state finance law, in relation to requiring the director of the budget to provide monthly budget updates to the legisla- ture; and providing for the repeal of such provisions upon the expira- tion thereof SUMMARY OF PROVISIONS: Section 1 amends state finance law by adding a new section 22-D that requires the director of the budget to provide monthly updates on the economic and revenue outlook of the state, which shall include any proposed adjustments to appropriations or disbursements pursuant to the authorization granted in the 2021-22 enacted budget. Such updates shall be sent to the temporary president of the senate and the speaker of the assembly, and posted on the division of budget's website. The director of the budget shall provide a means by which the public may submit comments and suggestions, and shall take such comments and suggestions
S4836 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4836 2021-2022 Regular Sessions I N S E N A T E February 16, 2021 ___________ Introduced by Sen. BIAGGI -- 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 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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