Bill > S01256

This bill amends the state finance law to prohibit the transfer of unexpended money from funds that are specifically created to receive dedicated fees. Under the proposed legislation, if a fund meets three key criteria - 1) it receives revenues from a dedicated fee, 2) it is required to be kept separate from other moneys in the state's custody, and 3) it is designated to be spent only for a specific purpose - then the unexpended money in that fund cannot be transferred to any other fund or used for any purpose other than its original designated intent. This means that fees collected for a particular purpose, such as environmental protection, transportation infrastructure, or specific regulatory activities, must remain in their original fund and be used exclusively for the intended purpose, preventing the state from redirecting these funds to other general budget areas. The bill would take effect immediately upon passage, providing an immediate safeguard against fund transfers that might divert revenue from its original intended use.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S1256