Bill Text: NY S00398 | 2017-2018 | General Assembly | Introduced

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Bill Title: Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2018-01-03 - REFERRED TO FINANCE [S00398 Detail]

Download: New_York-2017-S00398-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                           398
                               2017-2018 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 4, 2017
                                       ___________
        Introduced  by  Sen.  ORTT  --  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  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