New York S 1256: Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund

Bill Text

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S01256 Summary:

BILL NOS01256 

&nbsp

SAME ASSAME AS A07440

&nbsp

SPONSORGALLIVAN

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §73-a, St Fin L

&nbsp

Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund.

Go to top S01256 Actions:

BILL NOS01256 

&nbsp

01/08/2025REFERRED TO FINANCE

01/07/2026REFERRED TO FINANCE

Go to topS01256 Committee&nbspVotes:

Go to topS01256 Floor&nbspVotes:

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

Go to topS01256 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1256

 2025-2026 Regular Sessions

 IN SENATE

 January 8, 2025
 ___________

 Introduced by Sen. GALLIVAN -- 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 prohibiting the
 transfer of unexpended moneys from funds receiving moneys from a dedi-
 cated fee into any other fund

 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 section
 2 73-a to read as follows:
 3 § 73-a. Transfer of funds. Notwithstanding any provision of law to
 4 the contrary, unexpended moneys in any fund that:
 5 1. receives revenues from a dedicated fee;
 6 2. provides that moneys in the fund shall be kept separate from and
 7 shall not be commingled with other moneys in the custody of the comp-
 8 troller; and
 9 3. provides that moneys in the fund shall be expended only for the
 10 purpose designated in the fund
 11 shall not be transferred to any other fund or account or used for any
 12 purpose other than that designated by the fund.
 13 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02545-01-5

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