S T A T E   O F   N E W   Y O R K
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                                  4816

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 6, 2015
                               ___________

Introduced by M. of A. BUTLER, BORELLI -- Multi-Sponsored by -- M. of A.
  ARROYO, OAKS -- read once and referred to the Committee on Judiciary

AN  ACT  to  amend  the domestic relations law, in relation to requiring
  parents to provide certain information as part of custody and  support
  agreements

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 4 of part B of  section  236  of  the  domestic
relations law, as separately amended by chapters 884 and 892 of the laws
of  1986,  paragraph a as amended by chapter 214 of the laws of 1998, is
amended to read as follows:
  4. Compulsory financial disclosure.  a. In all matrimonial actions and
proceedings in which alimony, maintenance or support is in issue,  there
shall  be  compulsory  disclosure  by  both  parties of their respective
financial states. No showing of special circumstances shall be  required
before  such disclosure is ordered. A sworn statement of net worth shall
be provided upon receipt of a notice  in  writing  demanding  the  same,
within  twenty  days after the receipt thereof. In the event said state-
ment is not demanded, it shall be filed with the clerk of the  court  by
each  party,  within  ten  days  after joinder of issue, in the court in
which the proceeding is pending.  As used in this part,  the  term  "net
worth"  shall  mean  the  amount  by which total assets including income
exceed total liabilities including fixed financial obligations. It shall
include all income and assets of whatsoever kind and nature and wherever
situated and shall include a list  of  all  assets  transferred  in  any
manner  during the preceding three years, or the length of the marriage,
whichever is shorter; provided, however that transfers  in  the  routine
course  of  business which resulted in an exchange of assets of substan-
tially equivalent value need not be specifically  disclosed  where  such
assets  are otherwise identified in the statement of net worth. All such
sworn statements of net worth shall be  accompanied  by  a  current  and

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03592-01-5
              

A. 4816                             2

representative  paycheck  stub  and  the  most  recently filed state and
federal income tax returns including a copy of the W-2(s) wage  and  tax
statement(s) submitted with the returns. In addition, both parties shall
provide information relating to any and all group health plans available
to them for the provision of care or other medical benefits by insurance
or  otherwise  for the benefit of the child or children for whom support
is sought, including all such information  as  may  be  required  to  be
included  in  a  qualified  medical  child  support  order as defined in
section six hundred nine of the employee retirement income security  act
of  1974  (29 USC 1169) including, but not limited to:  (i) the name and
last known mailing address of each party and of  each  dependent  to  be
covered  by the order; (ii) the identification and a description of each
group health plan available for the benefit or coverage of the  disclos-
ing  party and the child or children for whom support is sought; (iii) a
detailed description of the type of coverage available from  each  group
health  plan  for the potential benefit of each such dependent; (iv) the
identification of the plan administrator for each such group health plan
and the address of such administrator; (v)  the  identification  numbers
for  each such group health plan; and (vi) such other information as may
be required by the court. Noncompliance shall be punishable  by  any  or
all of the penalties prescribed in section thirty-one hundred twenty-six
of  the  civil  practice  law and rules, in examination before or during
trial.  FINANCIAL INFORMATION REQUIRED TO BE DISCLOSED PURSUANT TO  THIS
SUBDIVISION  SHALL  BE  MADE  AVAILABLE TO ANY CHILD FOR WHOM SUPPORT IS
BEING PAID BY EITHER PARENT, FOR THE PURPOSE OF PERMITTING SUCH CHILD TO
FILE FOR STUDENT FINANCIAL AID FOR ATTENDANCE AT A POST-SECONDARY EDUCA-
TIONAL INSTITUTION.   BOTH PARENTS SHALL  BE  REQUIRED  TO  PROVIDE  ANY
REQUIRED  FINANCIAL  INFORMATION AND TO COMPLETE ANY FORMS NECESSARY FOR
THE CHILD TO APPLY FOR FINANCIAL  ASSISTANCE  FOR  SUCH  PURPOSE.    THE
PROVISIONS  OF THIS PARAGRAPH SHALL NOT IMPOSE A REQUIREMENT THAT EITHER
OF BOTH PARENTS CONTRIBUTE TO THE  COSTS  OF  POST  SECONDARY  EDUCATION
EXCEPT  AS OTHERWISE PROVIDED IN A CUSTODY OR SUPPORT AGREEMENT EXECUTED
OR ORDERED UNDER THE PROVISIONS OF THIS CHAPTER.
  b. As  soon  as  practicable  after  a  matrimonial  action  has  been
commenced,  the  court shall set the date or dates the parties shall use
for the valuation of each asset. The valuation  date  or  dates  may  be
anytime  from  the  date  of  commencement  of the action to the date of
trial.
  S 2. This act shall take effect immediately.