What's happening
This bill directs that 5.6% of certain vehicle and traffic law surcharges be allocated to the spinal cord injury research trust fund.
Why it matters
Increases targeted funding for spinal cord injury research. by earmarking a specific percentage (5.6%) of certain vehicle and traffic law surcharges, which could provide a more stable and potentially increased revenue stream for this medical research area.
Caps the annual allocation at $8.5 million. , which means that while the fund can grow with increased surcharge collections, there is a maximum yearly limit, potentially ensuring predictable budgeting but also limiting growth if surcharge revenues rise substantially.
Highlights spinal cord injury research as a legislative priority. , signaling to the public and medical community that the state is committed to advancing treatments and care for those with spinal cord injuries, which may encourage further investment, research interest, and advocacy.
Ensures that additional private funding (like grants or donations) can still supplement state contributions. , allowing the fund to be bolstered beyond the annual surcharge allocation if there is philanthropic or research interest.
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Who cares
Headline styles
Increase Spinal Injury Research Funds
Plain English, a few words. Used as the page title.
Sponsors
History
- Referred to ways and means
- Referred to ways and means
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.
Increase Spinal Cord Research Funds
In Senate Committee · Finance · Sponsor John J. Bonacic
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1079
2017-2018 Regular Sessions
IN ASSEMBLY
January 10, 2017
Introduced by M. of A. CAHILL -- Multi-Sponsored by -- M. of A. COOK, CUSICK, FAHY, MONTESANO, MOYA, PERRY, RA, THIELE -- read once and referred to the Committee on Ways and Means
AN ACT to amend the state finance law, in relation to the monies of the spinal cord injury research trust fund
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 2 of section 99-f of the state finance law, as amended by chapter 612 of the laws of 1999, is amended to read as follows:
2. The fund shall consist of all monies appropriated for its purpose, all monies required by this section or any other provision of law to be paid into or credited to such fund, and five and six-tenths per centum of monies collected by the mandatory surcharges imposed pursuant to subdivision one of section eighteen hundred nine of the vehicle and traffic law in an amount not to exceed eight million five hundred thousand dollars [collected by the mandatory surcharges imposed pursuant to subdivision one of section eighteen hundred nine of the vehicle and traffic law]. Nothing contained herein shall prevent the department of health from receiving grants, gifts or bequests for the purposes of the fund as defined in this section and depositing them into the fund according to law.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01332-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.