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A4564Assembly2019-2020 Session

Protect Dedicated Fund Money

Official title

“Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund”

Sponsor Stephen HawleyAD-139Affects Finance
Status
In Assembly Committee
Ways And Means
Impact
6/10
Moderate
Passage
0%

Bill progress

Step 2 of 7

In committee · Ways And Means

What's happening

This bill prohibits the transfer of unspent funds from accounts funded by dedicated fees to any other fund or purpose.

Why it matters

  1. Enhances transparency and trust. By ensuring that money collected from dedicated fees (such as environmental, health, or transportation fees) can only be spent for their originally intended purpose, the legislation aims to build public confidence that these funds aren’t diverted to unrelated projects or budget gaps.

  2. Limits budgetary flexibility for lawmakers. The prohibition on transferring unspent dedicated funds means state officials will have less ability to reallocate money in times of fiscal stress, potentially increasing pressure to raise revenue or cut spending elsewhere.

  3. May improve program outcomes. Programs funded by dedicated fees (like infrastructure improvements or specific public health initiatives) are more likely to have reliable funding, reducing risk of delays or underfunding and supporting long-term planning.

  4. Could lead to accumulation of unused funds. If funds remain unspent due to project delays or other issues, they cannot be repurposed for immediate state needs, which might lead to inefficiencies or criticism if large balances build up in these dedicated accounts.

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Who cares

Headline styles

Protect Dedicated Fund Money

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Stephen Hawley

Assembly Member · Assembly District 139

No co-sponsors yet.

History

  1. Held for consideration in ways and means
  2. Referred to ways and means
  3. Referred to ways and means

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

4564

2019-2020 Regular Sessions

IN ASSEMBLY

February 4, 2019

Introduced by M. of A. HAWLEY -- read once and referred to the Committee on Ways and Means

AN ACT to amend the state finance law, in relation to prohibiting the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. The state finance law is amended by adding a new section 73-a to read as follows:

§ 73-a. Transfer of funds. Notwithstanding any provision of law to the contrary, unexpended moneys in any fund that:

1. receives revenues from a dedicated fee;

2. provides that moneys in the fund shall be kept separate from and shall not be commingled with other moneys in the custody of the comptroller; and

3. provides that moneys in the fund shall be expended only for the purpose designated in the fund shall not be transferred to any other fund or account or used for any purpose other than that designated by the fund.

§ 2. This act shall take effect immediately.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD02246-01-9

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.