Bill > A00769

This bill expands and standardizes reporting requirements for numerous state funds by mandating comprehensive annual financial reports from various state agencies and departments. Specifically, the bill requires that by February 1st each year, fund administrators must submit detailed reports to key state officials, including the governor, senate and assembly leaders, and committee chairs. These reports must include specific information such as the total amount of money disbursed from the fund, recipients of awards, how recipients were selected, the amount awarded to each recipient, the purposes of the awards, a summary financial plan with estimated receipts and disbursements, and an explanation of why any remaining funds were not utilized. Additionally, the bill requires these reports to be publicly available on the respective agency's website, with a notice if the report is not ready by the February 1st deadline. The reports cover funds related to various areas including veterans' services, health, environmental conservation, addiction services, and arts education, among others. The goal appears to be increasing transparency and accountability in how state funds are managed and distributed.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A769