New York State Assembly

Bill No.:  

 
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S00398 Summary:

BILL NO	S00398
SAME AS	SAME AS A01561
SPONSOR	ORTT
COSPNSR	HELMING
MLTSPNSR
Add §73-a, St Fin L
Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund.

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S00398 Actions:

BILL NO	S00398
01/04/2017	REFERRED TO FINANCE
01/03/2018	REFERRED TO FINANCE

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S00398 Committee Votes:

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S00398 Floor Votes:

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S00398 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           398
 
                               2017-2018 Regular Sessions
 
                    IN SENATE
 
                                       (Prefiled)
 
                                     January 4, 2017
                                       ___________
 
        Introduced  by  Sen.  ORTT  --  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  prohibiting  the
          transfer of unexpended moneys from funds receiving moneys from a dedi-
          cated fee into any other fund
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The state finance law is amended by adding  a  new  section
     2  73-a to read as follows:
     3    §  73-a.    Transfer of funds. Notwithstanding any provision of law to
     4  the contrary, unexpended moneys in any fund that:
     5    1. receives revenues from a dedicated fee;
     6    2. provides that moneys in the fund shall be kept  separate  from  and
     7  shall  not  be  commingled with other moneys in the custody of the comp-
     8  troller; and
     9    3. provides that moneys in the fund shall be  expended  only  for  the
    10  purpose designated in the fund
    11  shall  not  be  transferred to any other fund or account or used for any
    12  purpose other than that designated by the fund.
    13    § 2. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02273-01-7

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