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NY S03910

Bill

Status

Introduced

2/21/2019

Primary Sponsor

Christopher Jacobs

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

  • Prohibits diversion of funds from the dedicated highway and bridge trust fund to the general fund or any other state fund

  • Requires all state officers with custody or investment responsibility for the fund to be prohibited from transferring fund assets unless authorized by statute

  • Mandates that any legislation diverting funds from the trust fund must include a diversion impact statement containing the diversion amount, cumulative total since inception, and dates of diversion

  • Takes effect immediately upon enactment

Legislative Description

Prohibits the transfer of dedicated highway and bridge trust fund balances.

Last Action

RECOMMIT, ENACTING CLAUSE STRICKEN

8/11/2020

Committee Referrals

Finance2/21/2019

Full Bill Text

No bill text available