Bill Text: NY S01884 | 2025-2026 | General Assembly | Introduced

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Bill Title: Requires state agencies to expend funds no later than ninety days after receipt of a certificate of approval from the director of the budget; reduces the budget of an agency that violates such requirement for the upcoming fiscal year by 1% of the amount of the late award.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2025-01-14 - REFERRED TO PROCUREMENT AND CONTRACTS [S01884 Detail]

Download: New_York-2025-S01884-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1884

                               2025-2026 Regular Sessions

                    IN SENATE

                                    January 14, 2025
                                       ___________

        Introduced  by  Sen. WALCZYK -- read twice and ordered printed, and when
          printed to be committed to the Committee on Procurement and Contracts

        AN ACT to amend the state finance law, in relation  to  requiring  state
          agencies  to expend funds no later than ninety days after receipt of a
          certificate of approval from the director of the budget

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

     1    Section  1.  Section  179-ee  of  the  state finance law is amended by
     2  adding a new subdivision 4 to read as follows:
     3    4. A state agency shall expend funds to the organization  approved  to
     4  receive such funds no later than ninety days after such agency's receipt
     5  of  the  certificate  of  approval  authorizing  the expenditure of such
     6  funds.  If an agency expends funds later than ninety days after  receipt
     7  of  a  certificate  of  approval  in violation of this subdivision, such
     8  agency's budget appropriated for the  following  fiscal  year  shall  be
     9  reduced  by  one percent of the amount authorized under such certificate
    10  of approval.
    11    § 2. Subdivision 1 of section 179-y  of  the  state  finance  law,  as
    12  amended  by  chapter  292  of  the  laws  of 2007, is amended to read as
    13  follows:
    14    1. The state comptroller shall: (a) promulgate such  rules  and  regu-
    15  lations  as may be necessary to carry out the comptroller's responsibil-
    16  ities under this article including provisions for repayment;  [and]  (b)
    17  develop  and  implement a procedure for calculating the amount of inter-
    18  est, if any, due to any  not-for-profit  organization  pursuant  to  the
    19  provisions  of  this  article; and (c) develop and implement a procedure
    20  for calculating and  reporting  to  the  governor,  the  senate  finance
    21  committee,  and  the  assembly  ways  and means committee, the amount of
    22  reduction that shall be applied to a state agency's budget in the upcom-
    23  ing fiscal year due to a failure to  timely  expend  funds  pursuant  to
    24  subdivision four of section one hundred seventy-nine-ee of this article.
    25    §  3.  This  act  shall take effect immediately and shall apply to all
    26  contracts awarded on and after such date.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05487-01-5