Assembly BillIntroduced
A 7440: Prohibits the transfer of unexpended moneys from funds receiving moneys from a dedicated fee into any other fund.
What A 7440 does, verified January 11, 2026
The proposed law aims to prohibit the transfer of unexpended moneys from funds that receive dedicated fees into any other fund. These funds are required to keep their moneys separate and use them only for the designated purpose. The law ensures that unexpended moneys in such funds cannot be transferred to other funds or used for any purpose other than the one designated. The law takes effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to ways and means (2026-01-07)Alert me
Quick answers about A 7440
- What is the current status of A 7440?
- As of January 11, 2026, A 7440 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to ways and means".
- Did A 7440 pass?
- Not yet. A 7440 has been introduced and has not passed either house.
- Who wrote A 7440, and where is it now?
- A 7440 was authored by Asm. Stephen Hawley with 2 coauthors. Its committee of record is Assembly Ways & Means.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to ways and means |
| Mar. 27, 2025 | referred to ways and means |
Latest bill textIntroduced version, March 27, 2025 · 239 words
STATE OF NEW YORK ________________________________________________________________________ 7440 2025-2026 Regular Sessions IN ASSEMBLY March 27, 2025 ___________ Introduced by M. of A. HAWLEY -- read once and referred to the Committee on Ways and Means AN ACT to amend the state finance law, in relation to prohibiting the transfer of unexpended moneys from funds receiving moneys from a dedi- cated fee into any other fund The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The state finance law is amended by adding a new section 2 73-a to read as follows: 3 § 73-a. Transfer of funds. Notwithstanding any provision of law to 4 the contrary, unexpended moneys in any fund that: 5 1. receives revenues from a dedicated fee; 6 2. provides that moneys in the fund shall be kept separate from and 7 shall not be commingled with other moneys in the custody of the comp- 8 troller; and 9 3. provides that moneys in the fund shall be expended only for the 10 purpose designated in the fund 11 shall not be transferred to any other fund or account or used for any 12 purpose other than that designated by the fund. 13 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02545-01-5
Text of A 7440 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions