A08825 Summary:
| BILL NO | A08825 |
| SAME AS | No Same As |
| SPONSOR | Brown K |
| COSPNSR | |
| MLTSPNSR | |
| Add §19-b, St Fin L | |
| Increases the efficiency of the disbursement of appropriations and grants by requiring they be paid using electronic transfer with dual verification methods. | |
A08825 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 8825 2025-2026 Regular Sessions IN ASSEMBLY 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: 1 Section 1. The state finance law is amended by adding a new section 2 19-b to read as follows: 3 § 19-b. Electronic disbursement of appropriations and grants. Any 4 appropriation or grant disbursed by the state, a state agency, a covered 5 authority or the state legislature shall be done by electronic transfer 6 with dual verification. 7 § 2. This act shall take effect one year after it shall have become a 8 law. Effective immediately, the addition, amendment and/or repeal of any 9 rule or regulation necessary for the implementation of this act on its 10 effective date are authorized to be made and completed on or before such 11 effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09080-02-5