New York S 4232: Relates to funds allocated to the independent authorities budget office

Bill Text

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S04232 Summary:

BILL NOS04232 

&nbsp

SAME ASSAME AS A03142

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SPONSORCOMRIE

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COSPNSRHOYLMAN-SIGAL, MYRIE

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MLTSPNSR

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Amd §2975, Pub Auth L

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Provides that funds recovered from public authorities for the provision of governmental services and allocated to the independent authorities budget office shall only be used for direct expenses of the authorities budget office and may not be used for fringe benefits and indirect costs.

Go to top S04232 Actions:

BILL NOS04232 

&nbsp

02/03/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

02/11/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS04232 Committee&nbspVotes:

Go to topS04232 Floor&nbspVotes:

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

Go to topS04232 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4232

 2025-2026 Regular Sessions

 IN SENATE

 February 3, 2025
 ___________

 Introduced by Sens. COMRIE, HOYLMAN-SIGAL, MYRIE -- read twice and
 ordered printed, and when printed to be committed to the Committee on
 Corporations, Authorities and Commissions

 AN ACT to amend the public authorities law, in relation to funds allo-
 cated to the independent authorities budget office

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

 1 Section 1. Subdivision 3-a of section 2975 of the public authorities
 2 law, as added by chapter 506 of the laws of 2009, is amended to read as
 3 follows:
 4 3-a. A direct portion of these funds shall be allocated to fund the
 5 authorities budget office established by section four of this chapter.
 6 Such allocation shall only be used for the direct expenses of the
 7 authorities budget office and shall not include fringe benefits and
 8 indirect costs.
 9 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04318-01-5

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