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Sponsors
Senator · Senate District 42
History
- Recommitted to rules
- Ordered to third reading cal.1459
- Committee discharged and committed to rules
- 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.
Relates to the monies of the spinal cord injury research trust fund
In Assembly Committee · Rules · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4934
Title of bill
An act to amend the state finance law, in relation to the monies of the spinal cord injury research trust fund
Purpose or general idea of bill
To establish a minimum annual level of funding for the Spinal Cord Injury Research Trust Fund.
Summary of specific provisions
Section 1: Amends subdivision 2 of section 99-f of the state finance law, as amended by chapter 612 of the laws of 1999, to require that five and six-tenths percent (5.6%) of the revenue New York State collects from the mandatory surcharges imposed on motor vehicle violations pursuant to subdivision one of section eighteen hundred nine of the vehicle and traffic law be allocated to the Spinal Cord Injury Research Trust Fund.
Section 2: Effective Date
Justification
Chapter 338 of the laws of 1998 created the Spinal Cord Injury Research Trust Fund with the intent that up to $8.5 million per year would be allocated to it out of the mandatory surcharge imposed by the state on motor vehicle moving violations. The Spinal Cord Injury Research Board would then distribute grants to worthwhile research projects related to spinal cord injuries. However, in recent years it has been funded at minimum with no money allocated for new grants. This legislation would establish a minimum annual level of funding for the Spinal Cord Injury Research Trust Fund.
Prior legislative history
New Bill.
Fiscal implications
Cost to State: 5.6% of the revenue collected from mandatory surcharges on motor vehicle moving violations up to $8.5 million annually for the Spinal Cord Research Trust Fund.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.