Provides that funds recovered from public authorities for the provision of governmental services and allocated to the independent authorities budget office shall only be used for direct expenses of the authorities budget office and may not be used for fringe benefits and indirect costs.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A3142
SPONSOR: Carroll R TITLE OF BILL:
An act to amend the public authorities law, in relation to funds allo-
cated to the independent authorities budget office
PURPOSE OF BILL:
To provide for general fund support for the Authorities Budget Office
fringe benefits and indirect costs.
SUMMARY OF PROVISIONS: OF BILL:
This bill amends section 2975 of the Public Authorities Law by amending
subdivision 3-a to direct the Division of Budget to use general funds
for the cost of the ABO's fringe benefits.
JUSTIFICATION:
The Authorities Budget Office appropriation is received from a special
revenue account through an assessment on public authorities. The ABO is
currently assessed nearly one third of its total appropriation to cover
its own fringe benefits and indirect costs. This is preventing the ABO
from fulfilling its statutory mission and maximizing its impact. This
bill would shift the costs from an ABO appropriation expense to the
general fund, which would enable the ABO to use these additional funds
for its defined purposes.
LEGISLATIVE HISTORY:
A.4110/S.4416 of 2023-24
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
TBD
EFFECTIVE DATE:
Immediately
