Legislative Bill Drafting Commission - 12261-02-6
Legislative Bill Drafting Commission
12261-02-6
S. --------
Senate
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IN SENATE--Introduced by Sen
--read twice and ordered printed,
and when printed to be committed
to the Committee on
-------- A.
Assembly
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IN ASSEMBLY--Introduced by M. of A.
with M. of A. as co-sponsors
--read once and referred to the
Committee on
*BUDGBI*
(Relates to authorizing certain
payments, deposits and transfers for
the support of government)
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Payments for supp. gov't
AN ACT
to amend chapter 61 of the laws of
2005 relating to authorizing certain
payments, deposits and transfers for
the support of government; and to
amend the state finance law, in
relation to the school tax relief
fund
The People of the State of New
York, represented in Senate and
Assembly, do enact as follows:
2 12261-02-6
1 Section 1. Subdivision 2 entitled Education in section 3 of part Y of
2 chapter 61 of the laws of 2005, relating to authorizing certain
3 payments, deposits and transfers in support of government, as amended by
4 section 8 of part A of chapter 63 of the laws of 2005, is amended to
5 read as follows:
6 § 3. Notwithstanding any law to the contrary, and in accordance with
7 section 4 of the state finance law, the comptroller is hereby authorized
8 and directed to transfer, upon request of the director of the budget, on
9 or before March 31, 2006, up to the unencumbered balance or the follow-
10 ing amounts:
11 Education:
12 2. $227,500,000 from the general fund to the state lottery fund (160),
13 VLT education account (06), as reimbursement for disbursements made from
14 such fund for supplemental aid to education pursuant to section 92-c of
15 the state finance law that are in excess of the amounts deposited in
16 such fund for such purposes pursuant to section 1612 of the tax law.
17 Notwithstanding any law to the contrary, and in accordance with
18 section 4 of the state finance law, the comptroller is hereby authorized
19 and directed to transfer, upon request of the director of the budget, on
20 or before March 31, 2006, $130,000,000 in one-time resources from the
21 general fund to the state lottery fund (160) VLT education account (06)
22 to be held in reserve for payment of sound basic education aid in state
23 fiscal year 2006-07.
24 § 2. Subdivision 5 of section 97-rrr of the state finance law, as
25 added by section 9 of part Y of chapter 61 of the laws of 2005, is
26 amended to read as follows:
27 5. Notwithstanding the provisions of section one hundred seventy-one-a
28 of the tax law, as separately amended by chapters four hundred eighty-
3 12261-02-6
1 one and four hundred eighty-four of the laws of nineteen hundred eight-
2 y-one, or any other provisions of law to the contrary, during the fiscal
3 year beginning April first, two thousand five, the state comptroller is
4 hereby authorized and directed to deposit to the fund created pursuant
5 to this section from amounts collected pursuant to article twenty-two of
6 the tax law and pursuant to a schedule submitted by the director of the
7 budget, up to [$3,222,000,000] $3,319,000,000, as may be certified in
8 such schedule as necessary to meet the purposes of such fund for the
9 fiscal year beginning April first, two thousand five.
10 § 3. This act shall take effect immediately and shall be deemed to
11 have been in full force and effect on and after April 1, 2005.