STATE OF NEW YORK
________________________________________________________________________
7875
IN SENATE
May 19, 2010
___________
Introduced by Sen. MARCELLINO -- 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 the environmental
protection fund
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 9 of section 92-s of the state finance law, as
2 amended by section 1 of part B of chapter 59 of the laws of 2008, is
3 amended to read as follows:
4 9. Notwithstanding any other law to the contrary and in accordance
5 with section four of this chapter, the comptroller is hereby authorized
6 at the direction of the director of the division of the budget to trans-
7 fer moneys from the general fund to the environmental protection fund
8 for the purpose of maintaining the solvency of the environmental
9 protection fund. If, in any fiscal year, moneys in the environmental
10 protection fund are deemed insufficient by the director of the division
11 of the budget [to meet actual and anticipated disbursements from enacted
12 appropriations or reappropriations made pursuant to this section], the
13 comptroller shall [at the direction of the director of the division of
14 the budget,] transfer sufficient moneys from the general fund to the
15 environmental protection fund [moneys sufficient to meet such disburse-
16 ments]. Such transfers shall be made only upon certification [of need]
17 by the director of the division of the budget, with copies of such
18 certification filed with the chairperson of the senate finance commit-
19 tee, the chairperson of the assembly ways and means committee and the
20 state comptroller. The aggregate amount of all transfers shall not
21 exceed four hundred forty-seven million one hundred seventy-one thousand
22 dollars. For the purposes of this subdivision, the term insufficient
23 shall mean that there is not an adequate cash balance to finance all
24 current fiscal year appropriations and any outstanding prior year obli-
25 gations.
26 § 2. This act shall take effect April 1, 2012.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15430-01-0
