New York 2025-2026 Regular Session

New York Senate Bill S00476

Introduced

1/8/25

Refer

1/8/25

Refer

1/7/26

Caption

Enacts the "over-expenditure, under-expenditure, transfer notification (OUT) act" to provide for the use of surplus appropriated funds and over-expenditure approval.

Summary

Bill S00476, known as the "over-expenditure, under-expenditure, transfer notification (OUT) act," aims to amend the state finance law to establish a framework for the management of surplus appropriated funds and the approval process for over-expenditures by state agencies. Under this bill, any state agency with surplus appropriated funds must notify the governor, comptroller, and legislature by April 15, allowing for potential reallocation of those funds by May 31. If no action is taken, the surplus will be transferred to the general fund for debt reduction. Additionally, agencies intending to exceed their appropriated funds must notify the same parties and seek legislative approval for such expenditures.

Impact

The bill will impact state financial management by instituting a formal notification and approval process for both surplus funds and over-expenditures. This change aims to enhance transparency and accountability in state budgeting, ensuring that any surplus funds are utilized effectively and that any additional spending beyond appropriations is justified and authorized. It modifies existing laws governing state finance, potentially affecting all state agencies and their fiscal operations.

Sentiment

The sentiment around Bill S00476 appears to be cautiously optimistic, with discussions emphasizing the need for better financial oversight and management of state funds. However, there may be concerns regarding the bureaucratic process introduced by requiring notifications and approvals, which could slow down financial operations for state agencies.

Contention

Notable points of contention may arise from concerns about the added administrative burden on state agencies and the potential delays in funding approvals. Some lawmakers may argue that the bill could hinder timely financial decisions, while others may support it for promoting fiscal responsibility and oversight. The balance between efficient fund management and regulatory compliance is likely to be a key debate point.

Latest NY S00476 Activity

View All Events: NY 2025-2026 Regular Session S00476

Companion Bills

No companion bills found.

Previously Filed As

NY S00097

Enacts the "over-expenditure, under-expenditure, transfer notification (OUT) act" to provide for the use of surplus appropriated funds and over-expenditure approval.

NY HB218

ARPA Expenditures Ombudsman; establish to oversee all expenditures of ARPA funds.

NY HB2483

Enacting the transparency and reform of utility expenditures act.

NY A11363

Enacts online revenues and expenditures transparency act

NY HB1289

Modification of Certain Tax Expenditures

NY HB2

Relative to state fees, funds, revenues, and expenditures.

NY HB1222

Modify Tax Expenditures

NY HB1178

Expenditures in Excess of Appropriations

NY HB05425

An Act Concerning Expenditures Of Appropriated Funds Other Than The General Fund.

NY HB07235

An Act Concerning Expenditures Of Appropriated Funds Other Than The General Fund.

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.