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Sponsors
No co-sponsors yet.
History
- Substituted by A1629
- Ordered to third reading cal.1536
- Committee discharged and committed to rules
- Referred to local government
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.
Increases the revenue threshold for annual audit of fire districts
Signed by Governor · Sponsor Aileen Gunther
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5574
Title of bill
An act to amend the general municipal law and the town law, in relation to increasing the revenue threshold for annual audit of fire districts
Purpose or general idea of bill
This bill will raise the revenue level at which fire departments are audited from $200,000 to $300,000.
Summary of specific provisions
This bill amends subdivision 1 of section 209-z of the general municipal law to read that any fire company which brings in a revenue the exceeds $300,000 must obtain an annual audit of its records.
Justification
The fire districts of New York State are experiencing an increase in the cost of goods and services. This constant rise in costs has brought fire districts close to exceeding the $200,000 limit on an annual basis. Under current law, if a district exceeds the $200,000 revenue limit an audit must be done. However, the cost of this audit is an additional cost to the taxpayers of this district. This burden grows further if the district exceeds this limit regularly. This legislation allows for further expansion of the services the district can provide without any unnecessary burden on the taxpayers to pay for annual audits.
Prior legislative history
2011-12: A1743 referred to Ways & Means 2009-10: A9248 referred to Local Governments
Fiscal implications
No negative impacts to the state.
Effective date
This act will be effective immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.