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S10167 • 2025

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

Budget
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
José M. Serrano
Last action
2026-05-04
Official status
Signed by Governor
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

  1. 2026-05-04 Senate

    REFERRED TO RULES

  2. 2026-05-04 Senate

    ORDERED TO THIRD READING CAL.881

  3. 2026-05-04 Senate

    MESSAGE OF NECESSITY - 3 DAY MESSAGE

  4. 2026-05-04 Senate

    PASSED SENATE

  5. 2026-05-04 Senate

    DELIVERED TO ASSEMBLY

  6. 2026-05-04 Assembly

    REFERRED TO WAYS AND MEANS

  7. 2026-05-04 Assembly

    SUBSTITUTED FOR A11251

  8. 2026-05-04 Assembly

    ORDERED TO THIRD READING RULES CAL.107

  9. 2026-05-04 Assembly

    MESSAGE OF NECESSITY - 3 DAY MESSAGE

  10. 2026-05-04 Assembly

    PASSED ASSEMBLY

  11. 2026-05-04 Assembly

    RETURNED TO SENATE

  12. 2026-05-04 Senate

    DELIVERED TO GOVERNOR

  13. 2026-05-04 Senate

    SIGNED CHAP.110

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
        ________________________________________________________________________

                                          10167

                                    I N  S E N A T E

                                       May 4, 2026
                                       ___________

        Introduced by Sen. SERRANO -- (at request of the Governor) -- read twice
          and ordered printed, and when printed to be committed to the Committee
          on Rules

        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