Senate Bill S5921

2011-2012 Legislative Session

Relates to the administration of certain funds and accounts related to the 2011-2012 budget

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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-S5921 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
State Finance
Laws Affected:
Amd Part BB ยงยง12, 12-a & 13, Chap 58/2011

2011-S5921 (ACTIVE) - Summary

Relates to the administration of certain funds and accounts related to the 2011-2012 budget.

2011-S5921 (ACTIVE) - Sponsor Memo

2011-S5921 (ACTIVE) - Bill Text download pdf

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

                                  5921

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            December 2, 2011
                               ___________

Introduced  by  Sens. GRISANTI, GALLIVAN, BALL, MAZIARZ, YOUNG, RITCHIE,
  O'MARA -- read twice and ordered  printed,  and  when  printed  to  be
  committed to the Committee on Finance

AN  ACT to amend part BB of chapter 58 of the laws of 2011 providing for
  the administration of certain funds and accounts related to the  2011-
  2012 budget, in relation to making technical corrections thereto

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

  Section 1. Sections 12, 12-a, and 13 of part BB of chapter 58  of  the
laws  of  2011,  providing  for  the administration of certain funds and
accounts related to the 2011-2012 budget are amended to read as follows:
  S 12. Notwithstanding any law to the contrary, and in accordance  with
section 4 of the state finance law, the comptroller is hereby authorized
and  directed to transfer, at the request of the director of the budget,
up to $500 million from the unencumbered balance of any special  revenue
fund  or  account,  or combination of funds and accounts, to the general
fund. The amounts transferred pursuant to this authorization shall be in
addition to any other transfers  expressly  authorized  in  the  2011-12
budget. Transfers from federal funds, FUNDS CONTINGENT UPON ANY MATCHING
REQUIREMENT  OR OTHER REQUIREMENT FOR THE RECEIPT OF FEDERAL FUNDS, debt
service funds, capital projects funds, or the  community  projects  fund
are  not  permitted  pursuant to this authorization. The director of the
budget shall notify both houses of the legislature in writing  prior  to
initiating transfers pursuant to this authorization.
  S  12-a.  Notwithstanding  any  law to the contrary, and in accordance
with section 4 of the state  finance  law,  the  comptroller  is  hereby
authorized  and  directed to transfer, at the request of the director of
the budget, up to $38 million  from  the  unencumbered  balance  of  any
special  revenue  fund or account, or combination of funds and accounts,
to the community projects fund. The amounts transferred pursuant to this
authorization shall be in addition  to  any  other  transfers  expressly

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13717-02-1
              

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