New York S 3438: Relates to submitting and tracking complaints relating to housing conditions and making such information publicly available

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S03438 Summary:

BILL NOS03438 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORKRUEGER

&nbsp

COSPNSRGOUNARDES, SERRANO, STAVISKY

&nbsp

MLTSPNSR

&nbsp

Add Art 3-A §§35 - 37, amd §22, St Fin L; amd §54, Leg L

&nbsp

Enacts a balanced budget requirement; creates the New York state governmental accounting review board.

Go to top S03438 Actions:

BILL NOS03438 

&nbsp

01/27/2025REFERRED TO FINANCE

01/07/2026REFERRED TO FINANCE

Go to topS03438 Committee&nbspVotes:

Go to topS03438 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS03438 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3438

 2025-2026 Regular Sessions

 IN SENATE

 January 27, 2025
 ___________

 Introduced by Sens. KRUEGER, GOUNARDES, SERRANO, STAVISKY -- read twice
 and ordered printed, and when printed to be committed to the Committee
 on Finance

 AN ACT to amend the state finance law and the legislative law, in
 relation to enacting a balanced budget requirement and creating the
 New York state governmental accounting review board

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The state finance law is amended by adding a new article
 2 3-A to read as follows:
 3 ARTICLE III-A
 4 BUDGETING ACCORDING TO GENERALLY
 5 ACCEPTED ACCOUNTING PRINCIPLES
 6 Section 35. Definitions.
 7 36. Development of the executive budget submission and enacted
 8 budget.
 9 37. New York state governmental accounting review board.
 10 § 35. Definitions. As used in this article, the following words and
 11 terms shall have the following meanings unless the context otherwise
 12 requires.
 13 1. "Board" means New York state governmental accounting review board
 14 pursuant to section thirty-seven of this article.
 15 2. "Revenues" mean all taxes, rents, fees, charges, payments, all
 16 proceeds from borrowings and other income and receipts paid or payable
 17 to or for the state's treasury.
 18 3. "Generally accepted accounting principles" means the set of
 19 accounting principles for financial reporting established by the Finan-
 20 cial Accounting Standards Advisory Board and governed by the American
 21 Institute of Certified Public Accountants for federal reporting enti-
 22 ties.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06408-01-5

 S. 3438 2

 1 4. "Executive budget submission" means the document submitted by the
 2 governor to the legislature pursuant to section two of article seven of
 3 the state constitution.
 4 5. "Enacted budget" means the document passed by both houses of the
 5 legislature pursuant to section four of article seven of the state
 6 constitution.
 7 § 36. Development of the executive budget submission and enacted budg-
 8 et. 1. For fiscal years beginning on and after April first, two thousand
 9 twenty-six, the executive budget submission and the enacted budget
 10 covering all expenditures other than capital items shall be prepared and
 11 balanced so the results thereof would not show a deficit when reported
 12 in accordance with generally accepted accounting principles.
 13 2. The governor, the legislature and the New York state governmental
 14 accounting review board shall confer concerning the requirement to
 15 balance the budget, as well as the projected effect on the budgets by
 16 any change in generally accepted accounting principles or change in the
 17 application of generally accepted accounting principles to the state.
 18 The governor and/or the legislature may petition the board to exempt
 19 either the executive budget submission or the enacted budget from the
 20 provisions of this section.
 21 § 37. New York state governmental accounting review board. 1. There is
 22 hereby created the New York state governmental accounting review board.
 23 The board shall be a governmental agency and instrumentality as is set
 24 forth in this article.
 25 2. The board shall have the following functions:
 26 a. to confer with the governor and the legislature concerning the
 27 requirement to balance the budget as provided in section thirty-six of
 28 this article, the projected effect on the budgets by any change in
 29 generally accepted