New York A07951 mandates state agencies to spend approved funds within ninety days of receiving budget approval; agencies that fail to do so face a.

New York A07951 amends the state finance law to require state agencies to disburse funds to approved organizations within ninety days of receiving a certificate of approval from the director of the budget. If an agency fails to meet this deadline, its budget for the following fiscal year will be reduced by 1% of the amount authorized under the late approval certificate. This measure aims to ensure timely expenditure of funds and holds agencies accountable for delays.

New York A07951 mandates state agencies to spend approved funds within ninety days of receiving budget approval; agencies that fail to do so face a.

New York A07951 amends the state finance law to require state agencies to disburse funds to approved organizations within ninety days of receiving a certificate of approval from the director of the budget. If an agency fails to meet this deadline, its budget for the following fiscal year will be reduced by 1% of the amount authorized under the late approval certificate. This measure aims to ensure timely expenditure of funds and holds agencies accountable for delays.