Bill > A07012

This bill amends the state finance law to expand the reporting requirements for the healthcare stability fund (HSF), a fund likely established to support healthcare initiatives. Currently, the director of the budget provides quarterly reports to several legislative leaders, but the bill broadens the list of recipients to include minority leaders of both the assembly and senate, as well as the ranking members of the assembly ways and means committee and senate finance committee. The bill also significantly increases the depth of required reporting, mandating that quarterly reports now include: (1) an itemized breakdown of receipts and disbursements, (2) historical and projected expenditures, (3) projected fund balance, and (4) detailed information about grants awarded from the fund, specifically requiring the name of each recipient, the amount of their award, and the date of the award. Additionally, the bill stipulates that these quarterly reports must be published on the Department of Health's website within 30 days of each quarter's end, increasing transparency around the use of the healthcare stability fund.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7012