New York S00085 mandates fiscal notes for retirement bills and those affecting political subdivisions, detailing estimated costs and sources of.
New York S00085 amends the legislative law to require fiscal notes for bills related to retirement systems or plans, and for bills affecting political subdivisions. These fiscal notes must state the estimated annual cost to the affected employer and the source of the estimate, along with any compensation provided to the source. Fiscal note measurements should be in units of money, personal services, equipment, or other appropriate units. The bill also specifies that fiscal notes should not be required for certain types of bills, and inaccuracies in fiscal notes do not invalidate the bill.
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