STATE OF NEW YORK
________________________________________________________________________
7012
2025-2026 Regular Sessions
IN ASSEMBLY
March 18, 2025
___________
Introduced by M. of A. RA, JENSEN -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the state finance law, in relation to requiring addi-
tional reporting requirements on expenditures related to the health-
care stability fund
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 6 of section 99-rr of the state finance law, as
2 added by section 2 of part II of chapter 57 of the laws of 2024, is
3 amended to read as follows:
4 6. (a) The director of the budget shall provide quarterly reports to
5 the speaker of the assembly, the temporary president of the senate, the
6 chair of the senate finance committee [and], the chair of the assembly
7 ways and means committee, the minority leader of the assembly, the
8 minority leader of the senate, the ranking member of the assembly ways
9 and means committee and the ranking member of the senate finance commit-
10 tee on the receipts and distributions of the healthcare stability fund,
11 including:
12 (i) an itemization of such receipts and disbursements[,];
13 (ii) the historical and projected expenditures[, and];
14 (iii) the projected fund balance[.]; and
15 (iv) the award of any grants from the healthcare stability fund not
16 including any across-the-board rate increases, including, but not limit-
17 ed to, the following information:
18 (1) the name of the recipient;
19 (2) the amount of the award; and
20 (3) the date of the award.
21 (b) Such quarterly reports shall be published on the department of
22 health's website within thirty days of the end of each quarter.
23 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10227-02-5
