Bill Text: NY A04580 | 2013-2014 | General Assembly | Introduced

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Bill Title: Relates to establishing a state operating funds spending cap.

Spectrum: Strong Partisan Bill (Republican 22-2)

Status: (Introduced - Dead) 2014-06-17 - held for consideration in ways and means [A04580 Detail]

Download: New_York-2013-A04580-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4580
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 6, 2013
                                      ___________
       Introduced  by  M. of A. McLAUGHLIN, COOK, TEDISCO, RA, REILICH, FITZPA-
         TRICK -- Multi-Sponsored by -- M. of A. ARROYO, BARCLAY,  BLANKENBUSH,
         BORELLI,  CERETTO,  CORWIN,  CURRAN,  FINCH,  GARBARINO, GRAF, HAWLEY,
         LALOR, LOSQUADRO, MONTESANO, PALMESANO, RAIA, WALTER -- read once  and
         referred to the Committee on Ways and Means
       AN  ACT  to  amend  the  state finance law, in relation to capping state
         spending
         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 28
    2  to read as follows:
    3    S  28.  ESTABLISHMENT  OF  ANNUAL SPENDING CAP. 1. NOTWITHSTANDING ANY
    4  OTHER PROVISION OF LAW TO THE CONTRARY, THERE IS  HEREBY  ESTABLISHED  A
    5  STATE  OPERATING  FUNDS  STATE  SPENDING CAP. COMMENCING THE FIRST STATE
    6  FISCAL YEAR AFTER THIS SECTION SHALL HAVE BECOME A LAW  STATE  OPERATING
    7  FUNDS  SPENDING  SHALL  BE  CAPPED AT THE RATE OF INFLATION, AS AVERAGED
    8  OVER THE PRIOR THREE YEARS.
    9    2. THE GOVERNOR SHALL NOT SUBMIT, AND THE LEGISLATURE  SHALL  NOT  ACT
   10  UPON,  A  BUDGET  THAT  CONTAINS ANY INCREASE NOT IN ACCORDANCE WITH THE
   11  PROVISIONS OF SUBDIVISION ONE OF THIS SECTION.
   12    3. THE GOVERNOR SHALL CERTIFY IN WRITING THAT  STATE  OPERATING  FUNDS
   13  SPENDING  IN  THE  EXECUTIVE  BUDGET  DOES  NOT EXCEED THE PROVISIONS OF
   14  SUBDIVISION ONE OF THIS SECTION.
   15    4. THE COMPTROLLER SHALL PROVIDE, WITHIN FIVE DAYS OF  ACTION  BY  THE
   16  LEGISLATURE  UPON  THE  BUDGET,  A DETERMINATION AS TO WHETHER THE STATE
   17  OPERATING FUNDS SPENDING AS SET FORTH IN THE  STATE  BUDGET  AS  ENACTED
   18  EXCEEDS THE SPENDING CAP.
   19    5. IF THE COMPTROLLER FINDS THAT STATE OPERATING FUNDS SPENDING AS SET
   20  FORTH  IN  THE  STATE  BUDGET  AS  ENACTED EXCEEDS THE SPENDING CAP, THE
   21  LEGISLATURE SHALL TAKE CORRECTIVE  ACTION  TO  ENSURE  THAT  FUNDING  IS
   22  LIMITED TO THE AMOUNT OF THE SPENDING CAP.
   23    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04408-01-3