Bill Text: NY S04760 | 2017-2018 | General Assembly | Amended

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Bill Title: Provides that the comptroller shall cause, in accordance with the rules and regulations promulgated by the comptroller, that a state employee's net salary may be deposited directly in a bank for any purpose to an account in the name of such employee.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-05-21 - PRINT NUMBER 4760A [S04760 Detail]

Download: New_York-2017-S04760-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         4760--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                    February 27, 2017
                                       ___________
        Introduced  by  Sen.  GOLDEN -- (at request of the State Comptroller) --
          read twice and ordered printed, and when printed to  be  committed  to
          the Committee on Finance -- recommitted to the Committee on Finance in
          accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee
        AN ACT to amend the state finance law, in relation to the direct deposit
          of certain salaries
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph (a) of subdivision 4 of section 200 of the  state
     2  finance  law,  as amended by chapter 641 of the laws of 1997, is amended
     3  to read as follows:
     4    (a) (i) Upon the written request from a state  employee  hired  on  or
     5  before  January first, two thousand nineteen, the comptroller may cause,
     6  in accordance with the rules and  regulations  promulgated  pursuant  to
     7  paragraph  (b)  of  this subdivision, such employee's net salary, or any
     8  portion thereof designated by the employee, to be deposited directly  in
     9  a  bank  for  any purpose to an account in the name of such employee, on
    10  forms provided by the comptroller, and duly  filed  in  accordance  with
    11  such regulations.
    12    (ii)  On  and  after  January  first, two thousand nineteen, the comp-
    13  troller shall cause,  in  accordance  with  the  rules  and  regulations
    14  promulgated  pursuant  to  paragraph  (b)  of  this subdivision, a state
    15  employee's net salary to be deposited directly in a bank for any purpose
    16  to an account in the name of such employee, on  forms  provided  by  the
    17  comptroller,  and  duly  filed  in  accordance  with  such  regulations.
    18  Provided, however, such employee may submit a request for exemption from
    19  the provisions of this subparagraph on a  form  provided  by  the  comp-
    20  troller.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00488-03-7
        S. 4760--A                          2
     1    §  2.  This act shall take effect January 1, 2019 and shall only apply
     2  to state employees hired on and  after  such  date;  provided,  however,
     3  effective  immediately  the  state  comptroller  is hereby authorized to
     4  promulgate any rule or regulation necessary for  the  implementation  of
     5  this act on its effective date.