Public-domain · open source
OpenJurist

N.Y. State Fin. Law § 71-b

Expenditure of check-off monies

Showing this section's text as in effect on January 1, 2016 (in force January 1, 2016 – January 1, 2017). View current text →

§ 71-b. Expenditure of check-off monies. 1. To the extent practicable,\nfor every fund established pursuant to this chapter or any other law,\nfor which a tax check-off is a source of the monies in such fund, the\nhead of the agency or entity administering the expenditure of such\nmonies shall ensure that all tax check-off monies received during a\nfiscal year are expended prior to the end of such fiscal year.\n 2. The head of the agency or entity administering the expenditure of\ntax check-off monies shall report annually on the use of such monies to\nthe temporary president of the senate, speaker of the assembly, chair of\nthe senate finance committee, chair of the assembly ways and means\ncommittee, chair of the senate committee on health, chair of the\nassembly health committee, the state comptroller and the public. Such\nreport shall include the amount of money dispersed from the fund and the\naward process used for such disbursements, recipients of awards from the\nfund, the amount awarded to each, the purposes for which such awards\nwere granted, and a summary financial plan for such monies which shall\ninclude estimates of all receipts and all disbursements for the current\nand succeeding fiscal years, along with the actual results from the\nprior fiscal year.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.