New York S01394 mandates fiscal notes for unfunded mandates affecting political subdivisions and establishes a mandate review process.

New York S01394, known as the "unfunded mandate review act," requires the state comptroller to provide fiscal impact notes for bills with unfunded mandates affecting political subdivisions. These notes must include the total cost of compliance and future projected costs. The bill also establishes an administrative regulation review commission to examine unfunded mandates and recommend ways to mitigate their impact. The commission will report biennially to the legislature. The act takes effect 90 days after becoming law.

New York S01394 mandates fiscal notes for unfunded mandates affecting political subdivisions and establishes a mandate review process.

New York S01394, known as the "unfunded mandate review act," requires the state comptroller to provide fiscal impact notes for bills with unfunded mandates affecting political subdivisions. These notes must include the total cost of compliance and future projected costs. The bill also establishes an administrative regulation review commission to examine unfunded mandates and recommend ways to mitigate their impact. The commission will report biennially to the legislature. The act takes effect 90 days after becoming law.