Bill Text: NY S00703 | 2023-2024 | General Assembly | Introduced

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Bill Title: Authorizes the county comptroller to examine and audit all accounts, contracts, books and records of such county's respective industrial development agency.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2024-01-03 - REFERRED TO LOCAL GOVERNMENT [S00703 Detail]

Download: New_York-2023-S00703-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                           703

                               2023-2024 Regular Sessions

                    IN SENATE

                                     January 6, 2023
                                       ___________

        Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government

        AN ACT to amend the county law, in relation to  authorizing  the  county
          comptroller to audit the financial records of such county's respective
          industrial development agency

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 1 of section 577 of the county law, as  amended
     2  by chapter 474 of the laws of 1988, is amended to read as follows:
     3    1. The county comptroller shall: (a) have general superintendence over
     4  the  fiscal  affairs  of  the county; (b) audit all claims, accounts and
     5  demands that are lawful county charges with the same effect as if audit-
     6  ed and directed to be paid by the board of supervisors; (c)  keep  books
     7  and  records  at  the  expense of the county showing all appropriations,
     8  funds and expenditures together with the name of the  claimant  and  the
     9  amounts  and  nature thereof; (d) keep and preserve all claims, accounts
    10  and demands, number them consecutively and endorse thereon their  allow-
    11  ance  or  disallowance  in whole or in part; (e) keep a separate account
    12  with each county officer or department and special funds; (f)  keep  and
    13  preserve  all  contracts  for  the furnishing of heat, light, telephone,
    14  supplies or other services; (g) keep a record of all bonded indebtedness
    15  and other loans and conduct the  sale  of  all  bonds  pursuant  to  the
    16  provisions  of  the  local finance law; (h) procure bank statements from
    17  depositaries of county funds at least once a month  and  reconcile  them
    18  with  his  or her books and that of the county treasurer; (i) subject to
    19  the provisions of the civil service  law,  certify  the  correctness  of
    20  payrolls for the payment of salaries of officers and employees paid from
    21  county  funds and deliver a certified transcript to the county treasurer
    22  as authorization for payment; provided that if the board of  supervisors
    23  enters  into  a  contract  pursuant  to  subdivision six of section five
    24  hundred fifty of this chapter such certified transcript shall be  deliv-

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03278-01-3
        S. 703                              2

     1  ered  to the appropriate bank or trust company; (j) at least once a year
     2  review all books and records, vouchers and other  papers  pertaining  to
     3  the  money, funds and property of the county and render a report thereon
     4  to  the board of supervisors as to whether proper books and records have
     5  been kept and all moneys and property of the county accounted  for;  (k)
     6  cause  to  be  printed  within thirty days after the close of the fiscal
     7  year for distribution to the board of supervisors, county  officers  and
     8  the public, a verified statement in summary form showing the receipts of
     9  money  from  all  sources,  the  expenditures and balances by funds, and
    10  bonded indebtedness together with the terms of payment and  the  balance
    11  unpaid and such other information as may be deemed proper or directed by
    12  the  board of supervisors; (1) in [the] each county [of Nassau], examine
    13  and audit on his or her own motion or when directed to do so  by  resol-
    14  ution  of  the  board  of supervisors all accounts, contracts, books and
    15  records of the [Nassau county] municipal industrial  development  agency
    16  in their respective county as established by [section nine hundred twen-
    17  ty-two]  article  eighteen-A  of the general municipal law, and all bank
    18  statements from depositaries of such  agency  funds;  (m)  perform  such
    19  additional and related duties as may be prescribed by law or directed by
    20  the board of supervisors.
    21    § 2. This act shall take effect immediately.