S 4232: 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.

  
  STATE OF NEW YORK ________________________________________________________________________ 4232 2025-2026 Regular Sessions  IN SENATE February 3, 2025 ___________ Introduced by Sens. COMRIE, HOYLMAN-SIGAL, MYRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to funds allo- cated to the independent authorities budget office The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 3-a of section 2975 of the public authorities 2 law, as added by chapter 506 of the laws of 2009, is amended to read as 3 follows: 4 3-a. A direct portion of these funds shall be allocated to fund the 5 authorities budget office established by section four of this chapter. 6 Such allocation shall only be used for the direct expenses of the 7 authorities budget office and shall not include fringe benefits and 8 indirect costs. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04318-01-5