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Assembly Bill A8825

2025-2026 Legislative Session

Increases the efficiency of the disbursement of appropriations and grants

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Current Bill Status - In Assembly Committee

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2025-A8825 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Add §19-b, St Fin L

2025-A8825 (ACTIVE) - Summary

Increases the efficiency of the disbursement of appropriations and grants by requiring they be paid using electronic transfer with dual verification methods.

2025-A8825 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8825
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 9, 2025
                                ___________
 
 Introduced by M. of A. K. BROWN -- read once and referred to the Commit-
   tee on Ways and Means
 
 AN  ACT  to  amend  the state finance law, in relation to increasing the
   efficiency of the disbursement of appropriations and grants
 
   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
 19-b to read as follows:
   § 19-B. ELECTRONIC DISBURSEMENT  OF  APPROPRIATIONS  AND  GRANTS.  ANY
 APPROPRIATION OR GRANT DISBURSED BY THE STATE, A STATE AGENCY, A COVERED
 AUTHORITY  OR THE STATE LEGISLATURE SHALL BE DONE BY ELECTRONIC TRANSFER
 WITH DUAL VERIFICATION.
   § 2. This act shall take effect one year after it shall have become  a
 law. Effective immediately, the addition, amendment and/or repeal of any
 rule  or  regulation necessary for the implementation of this act on its
 effective date are authorized to be made and completed on or before such
 effective date.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09080-02-5

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