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A9835Assembly2009-2010 SessionSame asS7875

Requires the comptroller to transfer money into the environmental protection fund whenever such fund has insufficient money to meet its obligations

Sponsor Robert SweeneyAD-11+26 co-sponsorsAffects Finance
Status
In Assembly Committee
Ways And Means
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Ways And Means

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History

  1. Held for consideration in ways and means
  2. Reported referred to ways and means
  3. Referred to environmental conservation

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

S7875Senate

Requires the comptroller to transfer money into the environmental protection fund whenever such fund has insufficient money to meet its obligations

In Senate Committee · Finance · Sponsor Carl L. Marcellino

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:A9835

Title of bill

An act to amend the state finance law, in relation to the environmental protection fund

Purpose

This bill would modify the repayment provisions of the Environ- mental Protection Fund (EPF) to include a definition of "sufficient moneys."

Summary of provisions

This bill would:

*remove the requirement that a finding of insufficient funding ,would require the Division of Budget to certify that the FIT cannot meet actu- al and anticipated disbursements; and,

*define the term "insufficient" to Mean that there is not an adequate cash balance to finance all current fiscal year appropriations and any outstanding prior year obligations; and,

*authorize the Comptroller to transfer moneys from the General Fund to the EPF upon a finding that moneys in the EPF are insufficient

Justification

The Environmental Protection Fund is New York State's primary vehicle for financing conservation efforts. EPF funds support programs such as municipal parks, waterfront revitalization, municipal recycling, open space land acquisition, and non-point source pollution control. The EPF contributes to farmland protection, wastewater treat- ment projects, invasive species management and ocean and Great Lakes protection initiatives.

Over the years, EPF funds have been redirected to support spending else- where in the budget. When this occurs, the EPF is unable to meet its obligations and critical commitments to areas such as the environment, pollution control, and invasive species management go unmet.

This legislation would establish a mechanism by which funds which are allocated to the EPF but subsequently spent elsewhere will be returned to the EPF to meet its obligations.

Legislative history

This is a new bill.

Fiscal implications

Not yet determined.

Effective date

This act shall take effect April 1, 2012

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.