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S08422 Summary:

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S08422 Floor Votes:

S08422 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
            S. 8422                                                 A. 11604
 
                SENATE - ASSEMBLY
 
                                      June 30, 2010
                                       ___________
 
        IN  SENATE -- Introduced by COMMITTEE ON RULES -- read twice and ordered
          printed, and when printed to be committed to the Committee on Finance
 
        IN ASSEMBLY -- Introduced  by  COMMITTEE  ON  RULES  --  read  once  and
          referred to the Committee on Ways and Means
 
        AN  ACT  to  amend part JJ of chapter 56 of the laws of 2010 relating to

          authorizing certain payments and transfers, in relation  to  extending
          the period of time in which such payments and transfers shall be made
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Part JJ of chapter 56 of  the  laws  of  2010  relating  to
     2  authorizing  certain  payments  and transfers is amended by adding a new
     3  section 4-a to read as follows:
     4    § 4-a. Notwithstanding any law to the contrary, the  state  university
     5  chancellor  or his designee is authorized and directed to transfer esti-
     6  mated tuition revenue balances from the state university collection fund
     7  (344) to the state  university  fund  (345),  state  university  revenue
     8  offset account (12) on or before March 31, 2011.

     9    § 2. Part JJ of chapter 56 of the laws of 2010 relating to authorizing
    10  certain payments and transfers is amended by adding a new section 4-b to
    11  read as follows:
    12    § 4-b. Notwithstanding any law to the contrary, and in accordance with
    13  section 4 of the state finance law, the comptroller is hereby authorized
    14  and  directed to transfer, upon request of the state university chancel-
    15  lor or his designee, up to $40,000,000 from the state university  income
    16  fund  (345), state university hospitals income reimbursable account (22)
    17  under hospital income reimbursable for services and expenses of hospital
    18  operations and capital expenditures at the state  university  hospitals,
    19  and  the  state  university income fund (345) Long Island veterans' home

    20  account (09) to the state university capital projects fund (384)  on  or
    21  before June 30, 2011.
    22    § 3. Part JJ of chapter 56 of the laws of 2010 relating to authorizing
    23  certain payments and transfers is amended by adding a new section 4-c to
    24  read as follows:
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD17967-02-0
        S. 8422                             2                           A. 11604
 
     1    § 4-c. Notwithstanding any law to the contrary, and in accordance with
     2  section  4 of the state finance law, the comptroller, after consultation
     3  with the state university chancellor or his or her designee,  is  hereby

     4  authorized  and directed to transfer moneys, in the first instance, from
     5  the  state  university  collection  fund  (344),  Stony  Brook  hospital
     6  collection account (07), Brooklyn hospital collection account (08),  and
     7  Syracuse hospital collection account (09) to the state university income
     8  fund  (345), state university hospitals income reimbursable account (22)
     9  in the event insufficient funds are available in  the  state  university
    10  income  fund  (345),  state  university  hospitals  income  reimbursable
    11  account (22) to transfer moneys, in amounts  sufficient  to  permit  the
    12  full  transfer  of  moneys  authorized for transfer, to the general debt
    13  service fund (311) for payment of  debt  service  related  to  the  SUNY

    14  hospitals.   Notwithstanding any law to the contrary, the comptroller is
    15  also hereby authorized and directed, after consultation with  the  state
    16  university  chancellor  or  his or her designee, to transfer moneys from
    17  the state university income fund (345) to the  state  university  income
    18  fund  (345), state university hospitals income reimbursable account (22)
    19  in the event insufficient funds are available in  the  state  university
    20  income  fund  (345),  state  university  hospitals  income  reimbursable
    21  account (22) to pay hospital operating costs or to transfer  moneys,  in
    22  amounts  sufficient to permit the full transfer of moneys authorized for
    23  transfer, to the general debt service fund (311)  for  payment  of  debt

    24  service related to the SUNY hospitals on or before March 31, 2011.
    25    § 4. This act shall take effect immediately.