S 10167 NY
Relates to the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain payments and transfers
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Summary
This bill authorizes the New York State Comptroller to make loans to transit-related accounts including the Transit Authorities Account, Railroad Account, Non-MTA Capital Account, and Public Transportation Systems Account, in accordance with state finance law provisions. The bill also authorizes the Comptroller to transfer up to $48,850,000 from the general fund to the MTA Financial Assistance Fund (Mobility Tax Trust Account) on or before March 31, 2027, upon request of the director of the budget. The bill takes effect immediately but will cease to have force and effect and be deemed repealed upon enactment of legislation constituting the 2026-2027 state budget.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Official abstract
Provides for the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain loans, payments and transfers.
Sponsor (1)
- José M. Serrano Democratic · primary
Action history (13)
- May 4, 2026 REFERRED TO RULES · upper
- May 4, 2026 ORDERED TO THIRD READING CAL.881 · upper
- May 4, 2026 MESSAGE OF NECESSITY - 3 DAY MESSAGE · upper
- May 4, 2026 PASSED SENATE · upper
- May 4, 2026 DELIVERED TO ASSEMBLY · upper
- May 4, 2026 REFERRED TO WAYS AND MEANS · lower
- May 4, 2026 SUBSTITUTED FOR A11251 · lower
- May 4, 2026 ORDERED TO THIRD READING RULES CAL.107 · lower
- May 4, 2026 MESSAGE OF NECESSITY - 3 DAY MESSAGE · lower
- May 4, 2026 PASSED ASSEMBLY · lower
- May 4, 2026 RETURNED TO SENATE · lower
- May 4, 2026 DELIVERED TO GOVERNOR · upper
- May 4, 2026 SIGNED CHAP.110 · upper
Text versions (2)
Full text
Full text imported from assembly.state.ny.us
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Bill No.: Summary Actions Committee Votes Floor Votes Memo Text LFIN Chamber Video/Transcript S10167 Summary: BILL NO S10167   SAME AS SAME AS A11251
  SPONSOR SERRANO   COSPNSR   MLTSPNSR  
  Provides for the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain loans, payments and transfers.
Go to top S10167 Text:
STATE OF NEW YORK ________________________________________________________________________
10167
IN SENATE
May 4, 2026 ___________
Introduced by Sen. SERRANO -- (at request of the Governor) -- read twice and ordered printed, and when printed to be committed to the Committee on Rules
AN ACT providing for the administration of certain funds and accounts related to the 2026-2027 budget, authorizing certain payments and transfers; and providing for the repeal of such provisions upon the expiration thereof
The People of the State of New York, represented in Senate and Assem- bly, do enact as follows:
1 Section 1. The state comptroller is hereby authorized and directed to 2 loan money in accordance with the provisions set forth in subdivision 5 3 of section 4 of the state finance law to the following funds and/or 4 accounts: 5 1. Transit authorities account (20851). 6 2. Railroad account (20852). 7 3. Non-MTA capital account (20853). 8 4. Public transportation systems account (21401). 9 § 2. Notwithstanding any law to the contrary, and in accordance with 10 section 4 of the state finance law, the comptroller is hereby authorized 11 and directed to transfer, upon request of the director of the budget, on 12 or before March 31, 2027, up to the unencumbered balance or the follow- 13 ing amounts: 14 1. $48,850,000 from the general fund to the MTA financial assistance 15 fund, mobility tax trust account (23651). 16 § 3. This act shall take effect immediately; provided however, that 17 upon enactment of legislation constituting the 2026-27 budget this act 18 shall cease to have force and effect and shall be deemed repealed.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD12036-01-6
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