Bill

A 3142

Relates to funds allocated to the independent authorities budget office

2025 Regular Session Introduced by Robert Carroll and 8 co-sponsors

New York A3142 targets funding for the Independent Authorities Budget Office, potentially altering its appropriations and oversight capacity.

REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

WeVote Research Nonpartisan

Bill Summary · A 3142

Bill number: A 3142
Title: Relates to funds allocated to the independent authorities budget office
Purpose (as stated by title): Addresses funds allocated to the Independent Authorities Budget Office (IABO)
Introduced: January 23, 2025
Status: Referred to the Committee on Corporations, Authorities and Commissions
Classification: Bill

The bill is positioned to affect the funding for the Independent Authorities Budget Office, the office in New York State responsible for budgeting oversight and related activities for the state’s independent authorities.
The exact mechanisms (e.g., whether it appropriates new funds, reallocates existing funding, sets formulas, or imposes reporting requirements) are not provided in the information available here. The primary focus, as indicated by the title, is on the funds allocated to IABO.

The provided materials do not include the bill’s full text or detailed provisions. Based on the title and related context, the bill would likely:
- Establish, modify, or reaffirm appropriations or funding arrangements for the IABO
- Potentially specify funding sources or allocation formulas
- Possibly include reporting, governance, or compliance elements tied to IABO funding
Until the text is published, exact provisions, thresholds, timelines, or reporting requirements remain unspecified.

Independent Authorities Budget Office: central recipient and administrator of the allocated funds; changes could affect its operating budget, programs, and staffing levels.
State government and independent authorities: depending on how funding changes interact with overall state budgets, there could be indirect effects on oversight capacity or budgeting processes.
Taxpayers and public stakeholders: potential changes in transparency and oversight of public authority spending if funding affects IABO’s oversight capabilities.

Introduced date: January 23, 2025
Legislative action: Referred to the Committee on Corporations, Authorities and Commissions (twice listed in the version content)
Related bills (context):
- A 4110 (prior-session) — indicates a related or predecessor measure
- S 4232 (companion) — exists in the Senate, suggesting cross-chamber interest and potential similar provisions
Next steps (typical): If advanced, the bill would advance through the committee, potentially receive amendments, move to the floor for a vote, and, if passed, proceed through the other chamber (Senate) and, if approved, to the governor for signature or veto. The exact timeline cannot be predicted from the current information.

This summary reflects the information provided. The full text of A 3142 would clarify the precise funding mechanism, amounts, eligible uses, reporting requirements, and any sunset or renewal provisions.

Compiled from official sources — confirm details with the bill’s official record.