NY A10316

Amends Section 88 of the Workers' Compensation Law to clarify that the State Insurance Fund is not considered an agency or fund of the state for purposes of Section 4 of the State Finance Law.

Requires quarterly financial statements to be submitted to the Director of the Budget on a calendar year basis instead of only annual budget submissions.

Authorizes the State Comptroller to process or approve payments for business taxes, Workers' Compensation Board assessments, and Workers' Compensation Rating Board assessments directly from the fund's accounts without explicit appropriation authority.

Repeals overlapping provisions of Section 88 from Chapter 635 of the laws of 1996 to eliminate conflicting language.

Takes effect immediately, with retroactive application to April 1, 1996.