Bill Text: NY A10253 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to the use of funds and payments from the IOLA fund; provides that funds and payments shall not be used for any other purpose other than as stated in section 97-v of the state finance law.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced) 2024-05-22 - print number 10253a [A10253 Detail]

Download: New_York-2023-A10253-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          10253

                   IN ASSEMBLY

                                      May 15, 2024
                                       ___________

        Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Solages) --
          read once and referred to the Committee on Governmental Operations

        AN ACT to amend the state finance law, in relation to  allowing  certain
          payments from the IOLA fund to be made without appropriation by law

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

     1    Section 1. Paragraph h of subdivision 3 of section 97-v of  the  state
     2  finance  law, as added by chapter 659 of the laws of 1983, is amended to
     3  read as follows:
     4    h. All payments from the IOLA fund shall be made by  the  state  comp-
     5  troller upon certification and authorization of the board of trustees of
     6  the  fund.  Notwithstanding the provisions of subdivision one of section
     7  four of this chapter or any other law to the  contrary,  monies  may  be
     8  paid  out  of  such  fund  in accordance with paragraphs b and c of this
     9  subdivision without an appropriation by law.
    10    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15305-01-4