Bill Text: NY A04825 | 2021-2022 | General Assembly | Introduced

New York Assembly Bill 4825 (Prior Session Legislation)

Introduced

Bill Title: Requires state agencies, public authorities and public benefit corporations to provide annual reports including information on outstanding total debt for each entity, total annual debt service for each entity, annual debt issuance for each entity, and annual debt to be retired for each entity.

Spectrum: Partisan Bill (Republican 9-0)

Status: (Introduced - Dead) 2022-05-09 - held for consideration in governmental operations [A04825 Detail]

Download: New_York-2021-A04825-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          4825

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 8, 2021
                                       ___________

        Introduced by M. of A. RA, BARCLAY, J. M. GIGLIO, TAGUE, BRABENEC, MORI-
          NELLO, MANKTELOW, REILLY -- read once and referred to the Committee on
          Governmental Operations

        AN  ACT  to  amend the state finance law, in relation to requiring state
          agencies,  public  authorities  and  public  benefit  corporations  to
          provide annual reports

          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  19-a to read as follows:
     3    §  19-a.  Annual  reporting  requirements.  Notwithstanding  any other
     4  provisions of the law to the contrary commencing on January  first,  two
     5  thousand  twenty-one and each year thereafter all state agencies and all
     6  state and local authorities as defined by  section  two  of  the  public
     7  authorities  law  shall  submit  to  the governor, the chair and ranking
     8  minority member of the senate finance committee and the chair and  rank-
     9  ing  minority  member of the assembly ways and means committee an annual
    10  report. Such report shall include, but shall  not  be  limited  to,  the
    11  outstanding  total  debt  for each entity; total annual debt service for
    12  each entity; annual debt issuance for each entity; and annual debt to be
    13  retired for each entity.
    14    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02994-01-1