Loading chat...
NY S04934
Bill
Status
5/2/2011
Primary Sponsor
John Bonacic
Click for details
AI Summary
-
Amends State Finance Law Section 99-f to establish that 5.6% of monies collected from mandatory vehicle and traffic law surcharges shall be deposited into the Spinal Cord Injury Research Trust Fund
-
Caps the annual deposit from surcharges at $8.5 million
-
Allows the Department of Health to continue receiving grants, gifts, and bequests for the fund in addition to surcharge revenue
-
Takes effect immediately upon enactment
Legislative Description
Relates to the monies of the spinal cord injury research trust fund; provides that 5.6 % of monies collected by the mandatory surcharge imposed pursuant to subdivision 1 of section 1809 of the vehicle and traffic law shall be deposited in the trust fund.
Last Action
RECOMMITTED TO RULES
6/21/2012