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NY S08220
Bill
Status
Passed
11/11/2020
Primary Sponsor
James Gaughran
Click for details
AI Summary
- Increases the revenue threshold requiring annual audits for fire companies contracting with municipalities from $300,000 to $400,000
- Fire companies and fire districts meeting the new $400,000 threshold must obtain annual audits by independent certified public accountants or independent public accountants
- Fire districts with revenues below $400,000 are required only to file financial reports with the state comptroller instead of undergoing full audits
- Audit reports must be submitted to fire district boards, town boards served by the district, and the state comptroller within 180 days of the fiscal year end
- The act 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
Rules7/21/2020
Finance7/20/2020
Local Government4/24/2020
Full Bill Text
No bill text available