Bill > A03142

This bill amends the New York Public Authorities Law to specify how funds allocated to the independent Authorities Budget Office (ABO) can be used. Specifically, the bill stipulates that funds recovered from public authorities and allocated to the ABO can only be used to cover direct expenses of the office, and cannot be used for fringe benefits or indirect costs. The Authorities Budget Office is an independent state entity responsible for overseeing and providing analysis of public authorities in New York. By restricting the use of allocated funds to direct expenses, the bill aims to ensure more precise and transparent financial management of the ABO's budget. The amendment modifies an existing section of the Public Authorities Law that was originally added in 2009, and the bill is set to take effect immediately upon enactment.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A3142