What's happening
This bill ensures that unused funds in the New York State Local Government Records Management Improvement Fund can only be used for their original intended purposes.
Why it matters
Protects Dedicated Funding. By preventing the transfer or allocation of leftover funds to unrelated uses, this bill safeguards the financial resources intended for local government records management, ensuring these funds cannot be diverted to other programs or budget gaps.
Supports Accountability. The amendment promotes transparency and accountability in government spending by making sure that money collected for records management is only spent for that purpose, reinforcing public trust in how state funds are managed.
Encourages Proper Planning. Local governments and agencies can plan long-term records management projects with greater confidence, knowing that funds earmarked for these initiatives will be reliably available and not subject to reallocation.
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Who cares
Headline styles
Protect Records Management Funds
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to ways and means
- Referred to ways and means
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2564
2019-2020 Regular Sessions
IN ASSEMBLY
January 23, 2019
Introduced by M. of A. FAHY -- read once and referred to the Committee on Ways and Means
AN ACT to amend the state finance law, in relation to the rededication of unused funds in the New York state local government records management improvement fund
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 97-i of the state finance law is amended by adding a new subdivision 5 to read as follows:
5. In all cases, no monies remaining in the fund shall be transferred or allocated, except for the purposes provided for under this section.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01083-01-9
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.