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Bill

A 769

Relates to reporting requirements for certain state funds

2025 Regular Session Introduced by Linda Rosenthal

A 769 requires designated state funds to report key data (balances, revenues, expenditures, sources, uses) to oversight bodies, boosting transparency and accountability.

REFERRED TO WAYS AND MEANS
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Bill Summary · A 769

Bill Summary: A 769 – Relates to reporting requirements for certain state funds

Overview and Intent

  • A 769 is a New York bill introduced on January 8, 2025, with the primary focus of establishing reporting requirements for certain state funds. The bill aims to increase transparency and accountability by mandating information about these funds be reported to the appropriate legislative or oversight bodies.
  • Sponsor: Linda Rosenthal (primary).

Status and Legislative History

  • Status: Referred to the Ways and Means committee.
  • Legislative actions recorded: On January 8, 2025, the bill was referred to Ways and Means (listed twice in the provided record, likely reflecting a standard procedural entry).
  • Next steps: The Ways and Means committee will consider the bill, potentially hold hearings, and determine whether to advance it toward floor consideration and eventual enactment.

Key Provisions (What the bill would address)

  • The exact text of the provisions is not provided in the summary available here. Based on the title, the bill would likely:
    • Specify which state funds are subject to the new reporting requirements.
    • Define the data elements to be reported (e.g., fund balances, revenues, expenditures, sources of funds, allocations, compliance with statutory purposes, investment performance, and adherence to any statutory limits).
    • Set reporting frequency (e.g., annual or per fiscal year) and the reporting format or format standards.
    • Identify the receiving entity for reports (e.g., a specified legislative committee, comptroller, or another oversight body) and any public disclosure requirements.
    • Outline responsibilities for fund managers or state agencies to prepare and submit the required information and potential penalties or remedies for noncompliance.
  • Because the full text is not provided here, the above elements are typical components of reporting requirements bills and may vary in the final version.

Affected Parties and Impact

  • Affected entities: Administrators and managers of the state funds designated by the bill; state agencies overseeing those funds.
  • Legislative/oversight bodies: Likely the New York State Legislature (via Ways and Means) and possibly the comptroller or other fiscal offices that receive and review the reports.
  • Potential implications: Improved transparency about fund operations and uses; possible administrative workload and cost to prepare and submit reports; better visibility for policymakers and the public on fund performance and compliance.

Procedural and Timeline Considerations

  • No effective date is provided in the available information; any effective date would be specified in the bill text.
  • If enacted, the reporting requirements would take effect according to the bill’s provisions (effective date and any phase-in periods would be detailed in the final bill).

Next Steps for Interested Parties

  • Monitor Ways and Means actions for hearings, amendments, and voting positions.
  • Review the full bill text once available to understand the specific funds covered, data elements required, reporting cadence, and compliance mechanisms.

Note: This summary reflects the information provided in the bill overview. The precise provisions and operational details will be defined in the enacted legislation.

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

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