Bill Text: NJ S2588 | 2016-2017 | Regular Session | Amended
Bill Title: Requires State Auditor to annually report on unspent State account balances.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2017-06-22 - Substituted by A4164 (1R) [S2588 Detail]
Download: New_Jersey-2016-S2588-Amended.html
SENATE, No. 2588
STATE OF NEW JERSEY
217th LEGISLATURE
INTRODUCED SEPTEMBER 26, 2016
Sponsored by:
Senator JEFF VAN DREW
District 1 (Atlantic, Cape May and Cumberland)
Senator NILSA CRUZ-PEREZ
District 5 (Camden and Gloucester)
SYNOPSIS
Requires State Auditor to annually report on unspent State account balances.
CURRENT VERSION OF TEXT
As reported by the Senate Budget and Appropriations Committee on June 1, 2017, with amendments.
An Act requiring the State Auditor to annually report on unspent State account balances, supplementing chapter 24 of Title 52 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. No later than 1[December 31 of each calendar year] the 30th day after the transmittal to the Legislature of the Annual Financial Report of the State of New Jersey for a fiscal year1 , the State Auditor shall report, in writing, to the Legislature, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), on the ending fund balances of all State agency accounts for 1[the] that1 prior fiscal year. The report shall contain full and substantive analysis, in addition to statistical information, and shall:
(1) identify the amount of unspent funds present in each State agency account;
(2) contain a summary of the total amounts of unspent funds by each State agency, and those amounts unspent by fund type;
(3) contain information and recommendations for addressing the accumulation of those funds in each State agency to avoid waste, mismanagement, inefficiency, or fraud; and
(4) include such other information as the State Auditor may deem advisable.
2. This act shall take effect on July 1 next following the date of enactment.
