Implements savings adjustments to the state fiscal plan

BILL NUMBER:A40023

Title of bill

An act to amend the insurance law, in relation to state funding of expenses associated with mental health parity coverage mandated for small business group health insurance plans (Part A); to amend the public authorities law, in relation to authorizing the battery park city authority to make contributions to the state treasury (Part B); in relation to prefill of medications and rates of health care payments (Part C); to amend the state finance law, in relation to aid and incen- tives for municipalities to certain cities (Part D); to amend chapter 56 of the laws of 2009 relating to providing for the administration of certain funds and accounts related to the 2009-10 budget, in relation to authorizing the state comptroller to transfer certain monies to the general fund (Part E); to amend the tax law, in relation to those persons excluded from the definition of tax return preparers (Part F); to amend the education law, in relation to creating the supplemental deficit reduction (Part G); in relation to the disposition of monies recovered by county district attorneys before the filing of an accusato- ry instrument; and providing for the repeal of such provisions upon expiration thereof (Part H)

Summary

This bill makes statutory amendments to the State Budget for the 2009-10 State Fiscal Year (SFY) to support the operations of State government. Specifically, this bill would authorize the transfer of $200 million from the Battery Park City Authority to the General Fund; Authorize the revision of methodologies used for the calculation of the inflationary trend factors for health care providers; establish a deficit reduction assessment for support to municipalities; would authorize the transfer of $10 million from the Environmental Protection Fund to the General Fund, $120 million from the Mass Transit Operating Assistance Fund and $90 million from the Regional Greenhouse Gas Initiative to the General Fund.

In addition, this bill would amend education law to establish a supple- mental deficit reduction assessment, and would authorize the transfer of $26 million from the Dormitory Authority of the State of New York to the General Fund. Finally, this bill would authorize the transfer of $29 million from the City University Stabilization Fund to the General Fund.

Justification

This bill is necessary to ensure the continued balance and stability of the Budget of the State of New York.

Fiscal impact

This bill would make statutory changes that would result in savings to the State of $924 million in SFY 2009-10.

Effective date

Effective immediately.