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NY A10041

Bill

Official Source

Status

Passed

11/11/2020

Primary Sponsor

Aileen Gunther

Click for details

Origin

Assembly

2019-2020 General Assembly

AI Summary

  • Increases the revenue threshold requiring annual audits for fire companies contracting with municipalities from $300,000 to $400,000
  • Increases the revenue threshold requiring annual audits for fire districts from $300,000 to $400,000
  • Fire companies and fire districts below the new $400,000 threshold are subject to simplified financial reporting requirements instead of full audits
  • Applies to audits conducted by independent certified public accountants or independent public accountants
  • Takes effect immediately upon enactment

Legislative Description

Increases the revenue threshold for annual audit of fire districts from three hundred thousand dollars to four hundred thousand dollars.

Last Action

signed chap.262

11/11/2020

Committee Referrals

Rules7/21/2020
Rules7/17/2020
Ways and Means7/16/2020
Local Governments3/4/2020

Full Bill Text

No bill text available