What's happening
This bill updates audit requirements for municipalities and public authorities receiving state transportation funds to align with current federal standards.
Why it matters
Aligns state audit requirements with federal standards. , meaning local governments and authorities will only need to undergo state single audits if they cross the same financial threshold that triggers a federal audit—reducing confusion and potentially lowering compliance costs for smaller entities.
Automates future audit threshold changes. , as the state law will now reference the federal regulation directly; this means whenever the federal government updates the audit threshold, New York’s requirements will adjust automatically, ensuring ongoing consistency and relevance.
Extends the annual reporting deadline for the Department of Transportation. from October 15th to October 31st, providing more time for compiling and analyzing statewide information on the benefits and costs of the audit program, which could improve the quality of oversight and reporting.
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Who cares
Municipalities receiving state transportation funds
The bill would replace the $100,000 spending threshold for an independent audit of state transportation assistance with the federal single-audit dollar threshold, while retaining the requirement that they also need a federal single audit.
Public authorities receiving state transportation funds
Their state transportation audit threshold would track changes to the federal threshold rather than remain fixed at $100,000.
Independent certified public accountants
The revised threshold would determine which municipalities and public authorities must hire them to audit schedules of state transportation assistance expenditures.
Department of Transportation
The commissioner’s annual report to the governor and legislative leaders on the program’s benefits and costs would be due October 31 instead of October 15, beginning in 2019.
Headline styles
Update Audit Requirements
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Signed chap.285
- Delivered to governor
- Returned to assembly
- Passed senateVote 55–7
- 3rd reading cal.1829
- Substituted for S6169A
- Referred to rules
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.295
- Rules report cal.295
- Reported
Show 3 earlier actions
- Amend and recommit to rules 7945a
- Reported referred to rules
- Referred to transportation
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.
Update State Audit Rules
Senate Floor Calendar · Sponsor Timothy M. Kennedy
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
7945--A
2019-2020 Regular Sessions
IN ASSEMBLY
May 29, 2019
Introduced by M. of A. MAGNARELLI -- (at request of the Department of Transportation) -- read once and referred to the Committee on Transportation -- reported and referred to the Committee on Rules -- Rules Committee discharged, bill amended, ordered reprinted as amended and recommitted to the Committee on Rules
AN ACT to amend the transportation law, in relation to the state single audit program
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The opening paragraph of subdivision 1 and subdivision 6 of section 21 of the transportation law, the opening paragraph of subdivision 1 as added by chapter 279 of the laws of 1998, and subdivision 6 as amended by chapter 100 of the laws of 1999, are amended to read as follows:
Municipalities and public authorities that are required in any fiscal year to have a federal single audit performed under paragraph (a) of part 200.501 of title 2 of the code of federal regulations as amended from time to time, and that expend in excess of [one hundred thousand dollars] the dollar amount provided in 2 CFR 200.501(a) as amended from time to time in any fiscal year from funds provided through state transportation programs, projects, grants, contracts or agreements administered by the department, [and that are required to have a federal single audit performed under the federal Single Audit Act of 1984, as amended,] shall prepare a "schedule of state transportation assistance expended" and cause such schedule to be audited by an independent certified public accountant for each period corresponding to the federal single audit. The audit shall conform with government auditing standards and shall include a professional audit opinion on:
6. The commissioner shall annually report to the governor, the temporary president of the senate and the speaker of the assembly on the benefits and costs of the implementation of this section by the [fifteenth] thirty-first of October, beginning in the year two thousand [two] nineteen.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09314-02-9
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.