Assembly Bill A1958

Vetoed By Governor
2015-2016 Legislative Session

Relates to designated viewers of audits provided to the federal clearinghouse

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S298 - Vetoed by Governor

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

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2015-A1958 (ACTIVE) - Details

See Senate Version of this Bill:
S298
Law Section:
General Municipal Law
Laws Affected:
Add §40, Gen Muni L
Versions Introduced in 2013-2014 Legislative Session:
A9090, S6827

2015-A1958 (ACTIVE) - Summary

Relates to designated viewers of audits provided to the federal clearinghouse.

2015-A1958 (ACTIVE) - Bill Text download pdf 

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

                                  1958

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 13, 2015
                               ___________

Introduced  by  M.  of  A.  HEVESI,  MONTESANO,  GUNTHER, FAHY, SCHIMEL,
  MAGNARELLI,  GALEF,  WALTER,  CROUCH,  DUPREY,  GOTTFRIED,  HOOPER  --
  Multi-Sponsored by -- M. of A. CAMARA, KEARNS, MARKEY, MOSLEY, SKARTA-
  DOS -- read once and referred to the Committee on Local Governments

AN  ACT  to  amend  the  general municipal law, in relation to alternate
  viewers of audits provided to the federal clearinghouse

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

  Section  1.  The  general  municipal  law  is  amended by adding a new
section 40 to read as follows:
  S 40. AUDITS TO FEDERAL CLEARINGHOUSE. 1. LOCAL GOVERNMENTAL  ENTITIES
EXPENDING  FEDERAL FUNDS THAT ARE REQUIRED TO FILE A SINGLE AUDIT TO THE
FEDERAL CLEARINGHOUSE SHALL DESIGNATE ALL RELEVANT STATE  AGENCIES  THAT
ACTED  AS A PASS-THROUGH ENTITY FOR FEDERAL FUNDS, AS DESIGNATED VIEWERS
IN COMPLIANCE WITH THE SINGLE AUDIT ACT OF 1984 AND THE RELEVANT FEDERAL
CIRCULAR GUIDELINES.
  2. FOR PURPOSES OF THIS SECTION: (A)  "SINGLE  AUDIT"  SHALL  MEAN  AN
AUDIT  REQUIRED  FOR RECIPIENTS OF FEDERAL FINANCIAL ASSISTANCE EQUAL TO
OR IN EXCESS OF FIVE HUNDRED THOUSAND DOLLARS IN  ANY  FISCAL  YEAR  AND
INCLUDES  THE  MUNICIPALITY'S FINANCIAL STATEMENTS AND THE AMOUNT OF THE
FEDERAL FINANCIAL ASSISTANCE.
  (B) "LOCAL GOVERNMENTAL ENTITY" SHALL MEAN A MUNICIPAL CORPORATION, AS
DEFINED IN SECTION TWO OF THIS CHAPTER, OR SPECIAL DISTRICT.
  S 2. This act shall take effect upon the enactment of updates made  to
Circular  No.  A-133 by the Federal Office of Management & Budget adding
the ability to designate a viewer to a  single  audit  filing;  provided
that  the federal clearinghouse shall notify the legislative bill draft-
ing commission upon the occurrence of the updates to Circular No.  A-133
in  order  that the commission may maintain an accurate and timely data-
base of the official text of the laws of the state of New York in furth-
erance of effectuating the provisions of section 44 of  the  legislative
law and section 70-b of the public officers law.

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

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