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NY A07286

Bill

Official Source

Status

Introduced

5/3/2021

Primary Sponsor

Robert Rodriguez

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Removes language from Section 88 of the workers' compensation law that exempted the state insurance fund from pre-audit requirements by the department of audit and control
  • Eliminates the provision stating "No payment, expenditure or refund out of the state insurance fund shall be subject to pre-audit by the department of audit and control as provided by section one hundred eleven of the state finance law"
  • Maintains existing requirements for quarterly financial statements to the director of the budget and caps on administrative expenditures at 25 percent of earned premiums
  • Takes effect immediately upon enactment

Legislative Description

Eliminates unconstitutional language relating to the pre-audit of expenditures from the state insurance fund by the state comptroller.

Last Action

substituted by s7177

6/8/2021

Committee Referrals

Rules5/19/2021
Ways and Means5/11/2021
Labor5/3/2021

Full Bill Text

No bill text available