Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 11, 2016 |
print number 4478a |
Jan 11, 2016 |
amend and recommit to finance |
Jan 06, 2016 |
referred to finance |
Mar 23, 2015 |
referred to finance |
Senate Bill S4478A
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Finance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2015-S4478 - Details
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §4, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S1114
2011-2012: S3309
2013-2014: S874
2017-2018: S207
2015-S4478 - Sponsor Memo
BILL NUMBER:S4478 TITLE OF BILL: An act to amend the state finance law, in relation to the transfer and temporary loan of special revenue funds PURPOSE: The purpose of this bill is to disallow any appropriation of special revenue funds without statutory authority, and to require the Division of the Budget to develop a plan for repayment for special revenue funds transferred to the general fund. SUMMARY OF PROVISIONS: Section 1 prohibits any transfer of monies from special revenue funds if not mandated by law. It also requires the Division of the Budget with the State Comptroller to develop a plan for repayment for monies swept from special revenue funds to the general fund over a five year period. Once the plan is developed the Division of the Budget is to hold public hearings and make the plan publicly accessible by providing it on the DOB homepage. JUSTIFICATION: Special revenue funds, such as the Environmental Protection Fund, (EPF) were promised to be provided only for the programs for which they were created. These funds were developed and envisioned as a public trust to be placed in a lockbox, and not used as a slush fund to fill budget gaps for the general fund. To date, over $500 million dollars has been swept from the EPF to the general
2015-S4478 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4478 2015-2016 Regular Sessions I N S E N A T E March 23, 2015 ___________ Introduced by Sen. MARCHIONE -- 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 transfer and temporary loan of special revenue funds THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 4 of the state finance law is amended by adding a new subdivision 12 to read as follows: 12. (A) NO MONEY OR OTHER FINANCIAL RESOURCES OF SPECIAL REVENUE FUNDS SHALL BE PROVIDED FROM JULY FIRST, TWO THOUSAND SEVENTEEN AND THEREAFTER FOR TRANSFER OR TEMPORARY LOAN WITHOUT SPECIFIC STATUTORY AUTHORITY FOR SUCH TRANSFER OR TEMPORARY LOAN. THE STATE COMPTROLLER SHALL BE AUTHOR- IZED TO LOAN SPECIAL REVENUE FUNDS MONEY ONLY AFTER STATUTORY APPROVAL FOR SUCH ACTION. THE DIRECTOR OF THE DIVISION OF BUDGET SHALL NOT AUTHORIZE OR PROVIDE ANY CERTIFICATES OF AUTHORIZATION. SUCH STATUTORY AUTHORIZATION REQUIREMENT SHALL NOT BE SUPERSEDED, OVERRULED OR OBVIATED BY ANY PROVISION OF LAW CONTAINING NOTWITHSTANDING LANGUAGE. (B) THE DIVISION OF BUDGET, IN CONSULTATION WITH THE STATE COMP- TROLLER, SHALL DEVELOP PLANS FOR THE REPAYMENT OVER FIVE YEARS OF MONIES TRANSFERRED FROM SUCH SPECIAL REVENUE FUNDS TO THE GENERAL FUND. BEFORE THE ADOPTION OF SUCH PLANS THE DIVISION OF BUDGET SHALL CONDUCT A SERIES OF PUBLIC HEARINGS IN CONJUNCTION WITH THE APPROPRIATE AGENCIES, OFFICES OR DEPARTMENTS ON SUCH PLANS. SUCH PLANS SHALL BE POSTED ON THE HOMEPAGE OF THE WEBSITE MAINTAINED BY SUCH DIVISION. IF THE DIVISION OF BUDGET FAILS TO PRODUCE SUCH PLANS WITHIN ONE HUNDRED EIGHTY DAYS OF AUTHORIZ- ING SUCH TRANSFERS, THEN THE DIVISION OF BUDGET SHALL PROVIDE NOTICE OF SUCH FAILURE ON SUCH HOMEPAGE AND CONDUCT A TIMELY PUBLIC HEARING ON THE FAILURE TO PRODUCE SUCH PLANS. THE DIRECTOR OF THE BUDGET SHALL SUBMIT SUCH PLANS TO THE GOVERNOR, THE TEMPORARY PRESIDENT OF THE SENATE, THE SPEAKER OF THE ASSEMBLY, THE CHAIRPERSON OF THE SENATE FINANCE COMMITTEE AND THE CHAIRPERSON OF THE ASSEMBLY WAYS AND MEANS COMMITTEE WITHIN FIFTEEN DAYS OF ADOPTION. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
2015-S4478A (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §4, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S1114
2011-2012: S3309
2013-2014: S874
2017-2018: S207
2015-S4478A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4478A TITLE OF BILL : An act to amend the state finance law, in relation to the transfer and temporary loan of special revenue funds PURPOSE : The purpose of this bill is to disallow any appropriation of special revenue funds without statutory authority, and to require the Division of the Budget to develop a plan for repayment for special revenue funds transferred to the general fund. SUMMARY OF PROVISIONS : Section 1 prohibits any transfer of monies from special revenue fluids if not mandated by law. It also requires the Division of the Budget with the State Comptroller to develop a plan for repayment for monies swept from special revenue funds to the general fund over a five year period. Once the plan is developed the Division of the Budget is to hold public hearings and make the plan publicly accessible by providing it on the DOB homepage. JUSTIFICATION :
2015-S4478A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4478--A 2015-2016 Regular Sessions I N S E N A T E March 23, 2015 ___________ Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- recommitted to the Committee on Finance in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the state finance law, in relation to the transfer and temporary loan of special revenue funds THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 4 of the state finance law is amended by adding a new subdivision 12 to read as follows: 12. (A) NO MONEY OR OTHER FINANCIAL RESOURCES OF SPECIAL REVENUE FUNDS SHALL BE PROVIDED FROM JULY FIRST, TWO THOUSAND EIGHTEEN AND THEREAFTER FOR TRANSFER OR TEMPORARY LOAN WITHOUT SPECIFIC STATUTORY AUTHORITY FOR SUCH TRANSFER OR TEMPORARY LOAN. THE STATE COMPTROLLER SHALL BE AUTHOR- IZED TO LOAN SPECIAL REVENUE FUNDS MONEY ONLY AFTER STATUTORY APPROVAL FOR SUCH ACTION. THE DIRECTOR OF THE DIVISION OF BUDGET SHALL NOT AUTHORIZE OR PROVIDE ANY CERTIFICATES OF AUTHORIZATION. SUCH STATUTORY AUTHORIZATION REQUIREMENT SHALL NOT BE SUPERSEDED, OVERRULED OR OBVIATED BY ANY PROVISION OF LAW CONTAINING NOTWITHSTANDING LANGUAGE. (B) THE DIVISION OF BUDGET, IN CONSULTATION WITH THE STATE COMP- TROLLER, SHALL DEVELOP PLANS FOR THE REPAYMENT OVER FIVE YEARS OF MONIES TRANSFERRED FROM SUCH SPECIAL REVENUE FUNDS TO THE GENERAL FUND. BEFORE THE ADOPTION OF SUCH PLANS THE DIVISION OF BUDGET SHALL CONDUCT A SERIES OF PUBLIC HEARINGS IN CONJUNCTION WITH THE APPROPRIATE AGENCIES, OFFICES OR DEPARTMENTS ON SUCH PLANS. SUCH PLANS SHALL BE POSTED ON THE HOMEPAGE OF THE WEBSITE MAINTAINED BY SUCH DIVISION. IF THE DIVISION OF BUDGET FAILS TO PRODUCE SUCH PLANS WITHIN ONE HUNDRED EIGHTY DAYS OF AUTHORIZ- ING SUCH TRANSFERS, THEN THE DIVISION OF BUDGET SHALL PROVIDE NOTICE OF SUCH FAILURE ON SUCH HOMEPAGE AND CONDUCT A TIMELY PUBLIC HEARING ON THE FAILURE TO PRODUCE SUCH PLANS. THE DIRECTOR OF THE BUDGET SHALL SUBMIT EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06345-02-6
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