S4934-2011 Actions

• Jun 21, 2012: RECOMMITTED TO RULES
• Jun 21, 2012: ORDERED TO THIRD READING CAL.1459
• Jun 21, 2012: COMMITTEE DISCHARGED AND COMMITTED TO RULES
• Jan 4, 2012: REFERRED TO FINANCE
• May 2, 2011: REFERRED TO FINANCE

S4934-2011 Meetings

S4934-2011 Calendars

S4934-2011 Votes

S4934-2011 Memo

BILL NUMBER:S4934

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.

S4934-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         4934
 2011-2012 Regular Sessions
 I N  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

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