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Senate Bill S4416

2023-2024 Legislative Session

Relates to funds allocated to the independent authorities budget office

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Archive: Last Bill Status - In Senate Committee Finance Committee

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2023-S4416 (ACTIVE) - Details

See Assembly Version of this Bill:
A4110
Current Committee:
Senate Finance
Law Section:
Public Authorities Law
Laws Affected:
Amd §2975, Pub Auth L
Versions Introduced in 2025-2026 Legislative Session:
S4232, A3142

2023-S4416 (ACTIVE) - Summary

Provides that funds recovered from public authorities for the provision of governmental services and allocated to the independent authorities budget office shall only be used for direct expenses of the authorities budget office and may not be used for fringe benefits and indirect costs.

2023-S4416 (ACTIVE) - Sponsor Memo

2023-S4416 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4416
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 8, 2023
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 AN  ACT  to amend the public authorities law, in relation to funds allo-
   cated to the independent authorities budget office

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 3-a of section 2975 of the public authorities
 law, as added by chapter 506 of the laws of 2009, is amended to read  as
 follows:
   3-a.  A  direct  portion of these funds shall be allocated to fund the
 authorities budget office established by section four of  this  chapter.
 SUCH  ALLOCATION  SHALL  ONLY  BE  USED  FOR  THE DIRECT EXPENSES OF THE
 AUTHORITIES BUDGET OFFICE AND SHALL  NOT  INCLUDE  FRINGE  BENEFITS  AND
 INDIRECT COSTS.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02006-01-3

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