Loading chat...
NY A07951
Bill
Status
4/16/2025
Primary Sponsor
Anil Beephan
Click for details
AI Summary
-
Requires state agencies to expend funds to approved organizations within 90 days of receiving a certificate of approval authorizing the expenditure
-
Imposes a penalty of 1% budget reduction for the following fiscal year on agencies that fail to meet the 90-day expenditure deadline, calculated based on the amount authorized under the certificate of approval
-
Directs the State Comptroller to develop procedures for calculating and reporting budget reductions to the Governor, Senate Finance Committee, and Assembly Ways and Means Committee
-
Applies to all contracts awarded on and after the effective date of the act
Legislative Description
Requires state agencies to expend funds no later than ninety days after receipt of a certificate of approval from the director of the budget; reduces the budget of an agency that violates such requirement for the upcoming fiscal year by 1% of the amount of the late award.
Last Action
referred to governmental operations
1/7/2026