§ 71-B — Expenditure of check-off monies

New York § 71-B

• Jurisdiction: New York
• Law STF: State Finance
• Art. 6: Funds of the State

Text

§ 71-b. Expenditure of check-off monies. 1. To the extent practicable,\nfor every fund established pursuant to this chapter or any other law,\nfor which a tax check-off is a source of the monies in such fund, the\nhead of the agency or entity administering the expenditure of such\nmonies shall ensure that all tax check-off monies received during a\nfiscal year are expended prior to the end of such fiscal year.\n 2. The head of the agency or entity administering the expenditure of\ntax check-off monies shall report annually on the use of such monies to\nthe temporary president of the senate, speaker of the assembly, chair of\nthe senate finance committee, chair of the assembly ways and means\ncommittee, chair of the appropriate committee in the senate or assembly,\nthe state comptroller and the public. Such report shall include the\namount of money dispersed from the fund and the award process used for\nsuch disbursements, recipients of awards from the fund, the amount\nawarded to each, the purposes for which such awards were granted, and a\nsummary financial plan for such monies which shall include estimates of\nall receipts and all disbursements for the current and succeeding fiscal\nyears, along with the actual results from the prior fiscal year.\n