A11251 • 2025

Relates to the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain payments and transfers

Budget

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Sponsor: J. Gary Pretlow
Last action: 2026-05-04
Official status: Assembly Floor Calendar
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain payments and transfers

Relates to the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain payments and transfers Provides for the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain loans, payments and transfers.

What This Bill Does

Relates to the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain payments and transfers Provides for the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain loans, payments and transfers.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-05-04 Assembly
REFERRED TO WAYS AND MEANS
2026-05-04 Assembly
REPORTED REFERRED TO RULES
2026-05-04 Assembly
REPORTED
2026-05-04 Assembly
RULES REPORT CAL.107
2026-05-04 Assembly
ORDERED TO THIRD READING RULES CAL.107
2026-05-04 Assembly
SUBSTITUTED BY S10167

Official Summary Text

Relates to the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain payments and transfers
Provides for the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain loans, payments and transfers.

Current Bill Text

Read the full stored bill text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          11251

                                  I N  A S S E M B L Y

                                       May 4, 2026
                                       ___________

        Introduced  by  M. of A. PRETLOW -- (at request of the Governor) -- read
          once and referred to the Committee on Ways and Means

        AN ACT providing for the administration of certain  funds  and  accounts
          related  to  the  2026-2027  budget,  authorizing certain payments and
          transfers; and providing for the repeal of such  provisions  upon  the
          expiration thereof

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. The state comptroller is hereby authorized and directed  to
     2  loan  money in accordance with the provisions set forth in subdivision 5
     3  of section 4 of the state finance law  to  the  following  funds  and/or
     4  accounts:
     5    1. Transit authorities account (20851).
     6    2. Railroad account (20852).
     7    3. Non-MTA capital account (20853).
     8    4. Public transportation systems account (21401).
     9    §  2.  Notwithstanding any law to the contrary, and in accordance with
    10  section 4 of the state finance law, the comptroller is hereby authorized
    11  and directed to transfer, upon request of the director of the budget, on
    12  or before March 31, 2027, up to the unencumbered balance or the  follow-
    13  ing amounts:
    14    1.  $48,850,000  from the general fund to the MTA financial assistance
    15  fund, mobility tax trust account (23651).
    16    § 3. This act shall take effect immediately;  provided  however,  that
    17  upon  enactment  of legislation constituting the 2026-27 budget this act
    18  shall cease to have force and effect and shall be deemed repealed.



         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD12036-01-6