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History
- Referred to finance
- Referred to finance
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.
Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund
In Assembly Committee · Ways And Means · Sponsor Stephen Hawley
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the state finance law, in relation to prohibiting the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund
Purpose
To prevent the transfer of funds from accounts that are specifically supported with a dedicated fee.
Summary of provisions
Section one amends the state finance law by adding a new section stating that fees collected to support a specific fund will only be expended for that specific purpose.
Section two - effective date.
Justification
Various funds exist in the state budget to support specific activities of all New Yorkers such as land conservation, fishing and hunting and maintenance of trails throughout the state. Fees supporting such funds are paid with the understanding that the state will dedicate the total revenues derived from these fees to the payment of expenses directly related to the specific activity for which the fees were collected.
Legislative history
S.7976/A.10732 of 2007-2008; Referred to Senate Finance Committee
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.