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Sponsors
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History
- Referred to corporations, authorities and commissions
- Reported and committed to finance
- Referred to corporations, authorities and commissions
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the public authorities law, in relation to expanding the use of efficiency incentive grant funds for the Erie county fiscal stability authority
Purpose
Enactment of this legislation would authorize the use of efficiency grant funds to include the ability to invest in reforms that create opportunities for revenue enhancement, as opposed to "cost savings" only.
Summary of provisions
Section 1 amends Section 3957-a of the public authorities law, as added by Chapter 182 of the laws of 2005 by adding a provisions permitting "revenue creating opportunities" to the list of items eligible for funding under efficiency incentive grants.
Existing law
Under existing law, state funds appropriated for "efficiency grants" may only be utilized for proposals deemed as "cost saving" to Erie County government.
Justification
The Erie County Fiscal Stability Authority (ECFSA) is a public authority of the state of New York, and as such has been granted authority to approve the allocation of certain state funds to promote efficient government within Erie County. A total of $18 million was put in the care of the ECFSA to utilize - at the discretion of the board - efficiency grant funding.
Earlier efforts to utilize such funding for promotion of tourism through the Buffalo/Niagara Convention & Tourism Bureau, which consisted of $2.1 million in "startup" funds, was denied as it did not fill the state requirement of an investment in reform that creates "cost saving." This is a perfect example of opportunities that exist for reform in Erie County that are worthy of efficiency grant funding in the great benefit they offer Erie County taxpayers, but do not meet the stringent criteria laid out in the efficiency grant legislation.
To date, the bulk of the $18 million in funds designated for efficiency reforms in Erie County remain initialized.
Legislative history
New bill - 2007. 2007-08: Referred to Corporation, Authorities & Commissions
Fiscal implications
None to New York State.
Local fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.