New York S 476: Establishes the offense of unlawful possession of firearms by persons under twenty-one

Bill Text

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S00476 Summary:

BILL NOS00476 

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SAME ASNo Same As

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SPONSORTEDISCO

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COSPNSR

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MLTSPNSR

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Add §53-e, St Fin L

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Enacts the "over-expenditure, under-expenditure, transfer notification (OUT) act" to provide for the use of surplus appropriated funds and over-expenditure approval.

Go to top S00476 Actions:

BILL NOS00476 

&nbsp

01/08/2025REFERRED TO FINANCE

01/07/2026REFERRED TO FINANCE

Go to topS00476 Committee&nbspVotes:

Go to topS00476 Floor&nbspVotes:

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

Go to topS00476 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 476

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. TEDISCO -- 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 enacting the
 "over-expenditure, under-expenditure, transfer notification (OUT) act"

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

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "over-expenditure, under-expenditure, transfer notification (OUT)
 3 act".
 4 § 2. The state finance law is amended by adding a new section 53-e to
 5 read as follows:
 6 § 53-e. Surplus appropriated funds; over-expenditure approval. 1.
 7 Definitions. For purposes of this section the following terms shall have
 8 the following meanings:
 9 a. "state agency" shall mean any state department, board, bureau,
 10 division, commission, committee, public authority, public benefit corpo-
 11 ration, council, office, or other governmental entity performing a
 12 governmental or proprietary function for the state; and
 13 b. "surplus appropriated funds" shall mean the amount of funds appro-
 14 priated to a state agency in a fiscal year reduced by the total expendi-
 15 tures by such state agency for such fiscal year, but such term shall
 16 only apply to amounts of funds greater than zero.
 17 2. Surplus appropriated funds. a. Notwithstanding any other provision
 18 of law, any state agency which on April first has surplus appropriated
 19 funds shall, on or before April fifteenth of such year, notify the
 20 governor, the comptroller and the legislature that such agency has
 21 surplus appropriated funds and the amount of such surplus. Upon receipt
 22 of such notification, the legislature and the governor may, on or before
 23 May thirty-first of such year, enact legislation providing that such
 24 surplus appropriated funds may be used by such state agency or trans-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01832-01-5

 S. 476 2

 1 ferred to another state agency or both. Such legislation shall clearly
 2 set forth the particular purpose or purposes for which such surplus
 3 appropriated funds shall be used or transferred. Any legislation enacted
 4 pursuant to this subdivision shall contain a condition that such surplus
 5 appropriated funds shall not be used as set forth in such legislation
 6 without the approval of the state comptroller.
 7 b. On or before June thirtieth of such year, the comptroller may
 8 approve the use or transfer of funds provided for in this subdivision.
 9 If the comptroller fails to approve such use or transfer of funds by
 10 June thirtieth of such year, such surplus appropriated funds shall be
 11 transferred to the general fund and shall be used for the sole purpose
 12 of reducing debt of the state.
 13 c. Any surplus appropriated funds for which the legislature and the
 14 governor fail to enact legislation providing for the use or transfer of
 15 such funds shall be transferred to the general fund and shall be used
 16 for the sole purpose of reducing debt of the state.
 17 3. Over-expenditure approval. Notwithstanding any other provision of
 18 law, any state agency which for any reason intends to expend funds for
 19 any purpose in any fiscal year in an amount greater than amounts appro-
 20 priated to such agency for such fiscal year, shall, prior to such
 21 expenditure, notify the governor, the comptroller and the legislature
 22 regarding such intention with a de