STATE OF NEW YORK
________________________________________________________________________
1561
2017-2018 Regular Sessions
IN ASSEMBLY
January 12, 2017
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Introduced by M. of A. HAWLEY, LOPEZ, CROUCH, BARCLAY, FINCH, McKEVITT,
SALADINO, BUTLER, RAIA, KOLB, GIGLIO -- Multi-Sponsored by -- M. of A.
McDONOUGH, McLAUGHLIN, OAKS, THIELE -- read once and referred to the
Committee on Ways and Means
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
