Bill > A07440

This bill amends the state finance law to prohibit the transfer of unexpended moneys from funds that meet three specific criteria: (1) the fund receives revenues from a dedicated fee, (2) the fund's governing rules require that its moneys be kept separate from other state funds, and (3) the fund's rules specify that its moneys can only be spent for a designated purpose. Under this proposed legislation, such funds cannot be transferred to any other fund or account, nor can they be used for any purpose other than what was originally intended when the dedicated fee was established. The bill aims to ensure that fees collected for specific purposes are used exclusively for those purposes, preventing the state from redirecting these funds to other areas of the budget. This provides additional financial accountability and protects the intent of dedicated fees by ensuring they remain targeted to their original designated use.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7440