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Assembly Bill A769

2025-2026 Legislative Session

Relates to reporting requirements for certain state funds

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Current Bill Status - In Assembly Committee

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2025-A769 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Amd St Fin L, generally

2025-A769 (ACTIVE) - Summary

Expands reporting requirements for certain state funds.

2025-A769 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    769
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 8, 2025
                                ___________
 
 Introduced  by  M.  of  A.  ROSENTHAL  --  read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the state finance law, in relation to reporting require-
   ments for certain funds
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subdivision 5 of section 95-i of the state finance law, as
 added by chapter 290 of the laws of 2018, is amended to read as follows:
   5. (A) As a condition of receiving grants from the fund,  the  Greater
 New  York ALS Association and the ALS Association Upstate New York Chap-
 ter shall agree to issue and shall issue, on or before the first day  of
 February  each  year,  a report including, but not limited to, financial
 statements, financial reports and reports on  the  issuance  of  grants.
 Such reports shall be delivered to the governor, THE TEMPORARY PRESIDENT
 OF THE SENATE, THE SPEAKER OF THE ASSEMBLY, and the chairs of the senate
 finance  committee  and  the assembly ways and means committee and shall
 also be made available to the  public.  Such  financial  statements  and
 reports  shall  be  audited  by a nationally recognized accounting firm.
 SUCH REPORT SHALL INCLUDE HOW THE  MONIES  OF  THE  FUND  WERE  UTILIZED
 DURING THE PRECEDING CALENDAR YEAR, AND SHALL INCLUDE:
   (I) THE AMOUNT OF MONEY DISPERSED FROM THE FUND;
   (II)  RECIPIENTS  OF AWARDS FROM THE FUND AND HOW SUCH RECIPIENTS WERE
 SELECTED;
   (III) THE AMOUNT AWARDED TO EACH RECIPIENT;
   (IV) THE PURPOSES FOR WHICH SUCH AWARDS WERE GRANTED;
   (V) A SUMMARY FINANCIAL PLAN FOR SUCH MONIES WHICH SHALL INCLUDE ESTI-
 MATES OF ALL RECEIPTS AND ALL DISBURSEMENTS FOR THE CURRENT AND SUCCEED-
 ING FISCAL YEARS, ALONG WITH THE ACTUAL RESULTS FROM  THE  PRIOR  FISCAL
 YEAR; AND

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02563-01-5
              

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