Relates to the monies of the spinal cord injury research trust fund; provides that 5.6 % of monies collected by the mandatory surcharge imposed pursuant to subdivision 1 of section 1809 of the vehicle and traffic law shall be deposited in the trust fund.
TITLE OF BILL: An act to amend the state finance law, in relation to the monies of the spinal cord injury research trust fund
PURPOSE OR GENERAL IDEA OF BILL: To establish a minimum annual level of funding for the Spinal Cord Injury Research Trust Fund.
SUMMARY OF SPECIFIC PROVISIONS: Section 1: Amends subdivision 2 of section 99-f of the state finance law, as amended by chapter 612 of the laws of 1999, to require that five and six-tenths percent (5.6%) of the revenue New York State collects from the mandatory surcharges imposed on motor vehicle violations pursuant to subdivision one of section eighteen hundred nine of the vehicle and traffic law be allocated to the Spinal Cord Injury Research Trust Fund.
Section 2: Effective Date
JUSTIFICATION: Chapter 338 of the laws of 1998 created the Spinal Cord Injury Research Trust Fund with the intent that up to $8.5 million per year would be allocated to it out of the mandatory surcharge imposed by the state on motor vehicle moving violations. The Spinal Cord Injury Research Board would then distribute grants to worthwhile research projects related to spinal cord injuries. However, in recent years it has been funded at minimum with no money allocated for new grants. This legislation would establish a minimum annual level of funding for the Spinal Cord Injury Research Trust Fund.
PRIOR LEGISLATIVE HISTORY: New Bill.
FISCAL IMPLICATIONS: Cost to State: 5.6% of the revenue collected from mandatory surcharges on motor vehicle moving violations up to $8.5 million annually for the Spinal Cord Research Trust Fund.
EFFECTIVE DATE: Immediately.
STATE OF NEW YORK ________________________________________________________________________ 4934 2011-2012 Regular Sessions IN SENATE May 2, 2011 ___________Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to the monies of the spinal cord injury research trust fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 99-f of the state finance law, as amended by chapter 612 of the laws of 1999, is amended to read as follows: 2. The fund shall consist of all monies appropriated for its purpose, all monies required by this section or any other provision of law to be paid into or credited to such fund, and FIVE AND SIX-TENTHS PER CENTUM OF monies COLLECTED BY THE MANDATORY SURCHARGES IMPOSED PURSUANT TO SUBDIVISION ONE OF SECTION EIGHTEEN HUNDRED NINE OF THE VEHICLE AND TRAFFIC LAW in an amount not to exceed eight million five hundred thou- sand dollars
[collected by the mandatory surcharges imposed pursuant to subdivision one of section eighteen hundred nine of the vehicle and traffic law]. Nothing contained herein shall prevent the department of health from receiving grants, gifts or bequests for the purposes of the fund as defined in this section and depositing them into the fund according to law. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11185-01-1