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Sponsors
Senator · Senate District 5
History
- Referred to environmental conservation
- Delivered to assembly
- Passed senateVote 60–0
- Ordered to third reading cal.984
- Committee discharged and committed to rules
- Print number 3517b
- Amend and recommit to environmental conservation
- Referred to environmental conservation
- Returned to senate
- Died in assembly
- Referred to economic development
- Delivered to assembly
Show 7 earlier actions
- Passed senateVote 63–0
- Ordered to third reading cal.1658
- Committee discharged and committed to rules
- Print number 3517a
- Amend and recommit to finance
- Reported and committed to finance
- 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.
Relates to transfers from the environmental protection fund to the general fund
In Assembly Committee · Environmental Conservation · Sponsor Patricia Fahy
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the environmental conservation law, the state finance law and the tax law, in relation to transfers from the environmental protection fund to the general fund
Purpose
Requires the Division of the Budget and the State Comptroller to develop a plan over the next 5 years for repayment to the Environmental Protection Fund (EPF) for monies transferred from the EPF to the general fund.
Summary of provisions
Adds a new paragraph to section 54-0109 of the Environmental Conservation Law to require the Division of the Budget in consultation with the State Comptroller to develop a plan of repayment for funds that have been previously swept to the General Fund from the Environmental Protection Fund.
Adds a subdivision 10 of Section 92-s of the State Finance Law that requires that no later than April 1, 2018 deposits are made pursuant to section 54-0109 and must be completed by April 1, 2022 for those past transfers that were made from the Environmental Protection Fund to the General Fund.
Subdivision 9 of section 92-s of the State Finance Law is amended to define the aggregate amount of all transfers shall not exceed $507,171,000
Section 1421 of the Tax Law is amended to specify the amount from the Real Estate Transfer Tax of $177 million will be deposited in the EPF for the fiscal year beginning April 1, 2017; the amount $202 million deposited in the EPF on April 1, 2018; the amount $232 million deposited in the EPF on April 1, 2019; the amount $262 million deposited in the EPF for four fiscal years beginning April 1, 2020 and the amount of $292 million deposited in the EPF for the fiscal year April 1, 2021 and each additional year thereafter.
Justification
The Environmental Protection Fund (EPF) is a treasured and vital money source for hundreds of New York State environmental initiatives. Due to state budgetary needs, funding that was allocated to the EPF has been swept into the General Fund, depleting the monies that so many environmental programs rely upon greatly.
Legislative history
2015: S. 3517-A Passed Senate / A. 4917-A Environmental Conservation 2013-14: S. 4440-A Finance/ A. 7647-A Environmental Conservation 2008-09: S. 7523 Passed Senate (similar legislation)
Fiscal implications
None.
Effective date
This law shall take effect April 1, 2017; provided, however, if this act shall become a law after such date it shall take effect immediately and shall be deemed to have been in full force and effect on and after April 1, 2017.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.