Assembly Bill A9504

2011-2012 Legislative Session

Provides that audits of service award programs in certain political subdivisions may be obtained from the chief fiscal officer of such political subdivision

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-A9504 (ACTIVE) - Details

See Senate Version of this Bill:
S6435
Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Amd §219-a, Gen Muni L
Versions Introduced in 2009-2010 Legislative Session:
S5736

2011-A9504 (ACTIVE) - Summary

Provides that audits of service award programs in certain political subdivisions may be obtained from the chief fiscal officer of such political subdivision.

2011-A9504 (ACTIVE) - Bill Text download pdf 

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

                                  9504

                          I N  A S S E M B L Y

                              March 7, 2012
                               ___________

Introduced  by  M.  of  A.  D. MILLER, MONTESANO, MURRAY, KATZ, BURLING,
  CORWIN -- Multi-Sponsored by -- M. of A. CERETTO, FINCH --  read  once
  and referred to the Committee on Local Governments

AN  ACT  to  amend  the  general municipal law, in relation to audits of
  certain service award programs

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

  Section  1.  Subdivision  3  of section 219-a of the general municipal
law, as amended by chapter 458 of the laws of 2008, is amended  to  read
as follows:
  3.  The  sponsor  or  designated program administrator shall obtain an
annual audit of its records by an independent certified public  account-
ant  or  an  independent  public accountant, PROVIDED THAT FOR A SERVICE
AWARD PROGRAM FOR A POLITICAL SUBDIVISION IN WHICH FIFTY OR FEWER  FIRE-
FIGHTERS  PARTICIPATE  IN  SUCH PROGRAM, SUCH AUDIT MAY BE OBTAINED FROM
THE CHIEF FISCAL OFFICER OF SUCH POLITICAL SUBDIVISION. Such audit shall
examine the program's financial conditions, actuarial assumptions, fidu-
ciary investment and control, and asset allocations,  including  whether
current  assets  are  adequate to fund future liabilities. A copy of the
audit shall be presented to the program sponsor and to the  state  comp-
troller  by  such  accountant.  Copies  of  the audit shall also be made
available for public inspection and copying. The audit must be completed
within two hundred seventy days of the program sponsor's fiscal year.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14533-01-2

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