Bill Text: NY S07875 | 2009-2010 | General Assembly | Introduced

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Bill Title: Requires the comptroller to transfer money into the environmental protection fund whenever such fund has insufficient money to meet its obligations.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2010-05-19 - REFERRED TO FINANCE [S07875 Detail]

Download: New_York-2009-S07875-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7875
                                   I N  S E N A T E
                                     May 19, 2010
                                      ___________
       Introduced  by  Sen.  MARCELLINO  -- read twice and ordered printed, and
         when printed to be committed to the Committee on Finance
       AN ACT to amend the state finance law, in relation to the  environmental
         protection fund
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 9 of section 92-s of the state finance law,  as
    2  amended  by  section  1  of part B of chapter 59 of the laws of 2008, is
    3  amended to read as follows:
    4    9. Notwithstanding any other law to the  contrary  and  in  accordance
    5  with  section four of this chapter, the comptroller is hereby authorized
    6  at the direction of the director of the division of the budget to trans-
    7  fer moneys from the general fund to the  environmental  protection  fund
    8  for  the  purpose  of  maintaining  the  solvency  of  the environmental
    9  protection fund. If, in any fiscal year,  moneys  in  the  environmental
   10  protection  fund are deemed insufficient by the director of the division
   11  of the budget [to meet actual and anticipated disbursements from enacted
   12  appropriations or reappropriations made pursuant to this  section],  the
   13  comptroller  shall  [at the direction of the director of the division of
   14  the budget,] transfer SUFFICIENT MONEYS from the  general  fund  to  the
   15  environmental  protection fund [moneys sufficient to meet such disburse-
   16  ments]. Such transfers shall be made only upon certification  [of  need]
   17  by  the  director  of  the  division  of the budget, with copies of such
   18  certification filed with the chairperson of the senate  finance  commit-
   19  tee,  the  chairperson  of the assembly ways and means committee and the
   20  state comptroller. The aggregate  amount  of  all  transfers  shall  not
   21  exceed four hundred forty-seven million one hundred seventy-one thousand
   22  dollars.    FOR  THE PURPOSES OF THIS SUBDIVISION, THE TERM INSUFFICIENT
   23  SHALL MEAN THAT THERE IS NOT AN ADEQUATE CASH  BALANCE  TO  FINANCE  ALL
   24  CURRENT  FISCAL YEAR APPROPRIATIONS AND ANY OUTSTANDING PRIOR YEAR OBLI-
   25  GATIONS.
   26    S 2. This act shall take effect April 1, 2012.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD15430-01-0