New York A07795 mandates fiscal impact notes on legislation affecting political subdivisions, detailing annual costs and funding sources; invalidates.

New York A07795 amends the legislative law to require detailed fiscal impact notes on bills affecting political subdivisions. These notes must state the estimated annual cost to the affected political subdivision and the source of the estimate. The bill invalidates legislation if the funding source is not provided or if the fiscal impact results in an annual net additional cost exceeding $10,000. Political subdivisions include counties, cities, towns, villages, special districts, and school districts.

New York A07795 mandates fiscal impact notes on legislation affecting political subdivisions, detailing annual costs and funding sources; invalidates.

New York A07795 amends the legislative law to require detailed fiscal impact notes on bills affecting political subdivisions. These notes must state the estimated annual cost to the affected political subdivision and the source of the estimate. The bill invalidates legislation if the funding source is not provided or if the fiscal impact results in an annual net additional cost exceeding $10,000. Political subdivisions include counties, cities, towns, villages, special districts, and school districts.