Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to finance |
Feb 03, 2017 |
referred to finance |
Senate Bill S4141
2017-2018 Legislative Session
Sponsored By
(R, C) 44th 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
2017-S4141 (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Add §53-e, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
S560
2021-2022: S218
2023-2024: S97
2025-2026: S476
2017-S4141 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4141 TITLE OF BILL : An act to amend the state finance law, in relation to enacting the "over-expenditure, under-expenditure, transfer notification (OUT) act" PURPOSE : Requires that the Comptroller be immediately notified of any over-expenditure of taxpayer monies and that all leftover funds are allocated to the general fund to pay down debt. SUMMARY OF PROVISIONS : Section 1: Cites the act as the "over-expenditure, under-expenditure, transfer-notification (OUT) act." Section 2: Amends the state finance law by adding a new section 53-e. Section 53-e(1): Defines the terms of "state agencies" and "surplus appropriated funds." Section 53-e(2): Surplus Appropriated Funds; On April 1st, if a state agency has a surplus of appropriated funds, the Governor, the Comptroller and the Legislature must be notified of the surplus and its amount prior to April 15th. Once notified, the Governor, the
2017-S4141 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4141 2017-2018 Regular Sessions I N S E N A T E February 3, 2017 ___________ Introduced by Sen. TEDISCO -- 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 enacting the "over-expenditure, under-expenditure, transfer notification (OUT) act" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "over-expenditure, under-expenditure, transfer notification (OUT) act". § 2. The state finance law is amended by adding a new section 53-e to read as follows: § 53-E. SURPLUS APPROPRIATED FUNDS; OVER-EXPENDITURE APPROVAL. 1. DEFINITIONS. FOR PURPOSES OF THIS SECTION THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: A. "STATE AGENCY" SHALL MEAN ANY STATE DEPARTMENT, BOARD, BUREAU, DIVISION, COMMISSION, COMMITTEE, PUBLIC AUTHORITY, PUBLIC BENEFIT CORPO- RATION, COUNCIL, OFFICE, OR OTHER GOVERNMENTAL ENTITY PERFORMING A GOVERNMENTAL OR PROPRIETARY FUNCTION FOR THE STATE; AND B. "SURPLUS APPROPRIATED FUNDS" SHALL MEAN THE AMOUNT OF FUNDS APPRO- PRIATED TO A STATE AGENCY IN A FISCAL YEAR REDUCED BY THE TOTAL EXPENDI- TURES BY SUCH STATE AGENCY FOR SUCH FISCAL YEAR, BUT SUCH TERM SHALL ONLY APPLY TO AMOUNTS OF FUNDS GREATER THAN ZERO. 2. SURPLUS APPROPRIATED FUNDS. A. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, ANY STATE AGENCY WHICH ON APRIL FIRST HAS SURPLUS APPROPRIATED FUNDS SHALL, ON OR BEFORE APRIL FIFTEENTH OF SUCH YEAR, NOTIFY THE GOVERNOR, THE COMPTROLLER AND THE LEGISLATURE THAT SUCH AGENCY HAS SURPLUS APPROPRIATED FUNDS AND THE AMOUNT OF SUCH SURPLUS. UPON RECEIPT OF SUCH NOTIFICATION, THE LEGISLATURE AND THE GOVERNOR MAY, ON OR BEFORE MAY THIRTY-FIRST OF SUCH YEAR, ENACT LEGISLATION PROVIDING THAT SUCH SURPLUS APPROPRIATED FUNDS MAY BE USED BY SUCH STATE AGENCY OR TRANS- FERRED TO ANOTHER STATE AGENCY OR BOTH. SUCH LEGISLATION SHALL CLEARLY EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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