New York 2025-2026 Regular Session

New York Assembly Bill A08825

Introduced
6/9/25  

Caption

Increases the efficiency of the disbursement of appropriations and grants by requiring they be paid using electronic transfer with dual verification methods.

Impact

The enactment of A08825 will amend the state finance law by introducing new procedures for how appropriations and grants are disbursed. This is expected to modernize the state’s financial operations and align them with current technological standards. The dual verification method established in the bill will provide an added layer of security, potentially minimizing errors and fraud in financial transactions. This transition not only reflects a shift towards digitalization in state fiscal management but may also lead to savings in administrative costs over time.

Summary

Bill A08825 seeks to improve the efficiency of appropriations and grants disbursements in the State of New York by mandating that all such transactions occur through electronic transfer. This requirement aims to streamline the process and enhance the tracking and management of state funds, ensuring that appropriations are distributed in a timely manner. By implementing electronic transfer systems, the bill anticipates reducing delays associated with traditional disbursement methods, ultimately benefiting state agencies and their beneficiaries.

Contention

While the bill appears to promote efficiency and accountability in state financial practices, there may be concerns regarding the implementation costs associated with transitioning to an electronic system. The upfront investment in technology and training could face scrutiny, particularly from legislators who prioritize fiscal restraint. Additionally, there may be apprehensions about the accessibility of these electronic systems for smaller agencies or those with less technological infrastructure, raising questions about inclusivity in the financial disbursement process.

Companion Bills

No companion bills found.

Previously Filed As

NY A02432

Increases the amount in the tax stabilization reserve fund to 5% of state fiscal year disbursements.

NY A04096

Requires the implementation of an electronic benefit transfer system using industry-standard commercial electronic funds transfer technology.

NY S07823

Requires the implementation of an electronic benefit transfer system using industry-standard commercial electronic funds transfer technology.

NY A00568

Prohibits employers from using the federal electronic employment verification system to check the employment authorization status of an existing employee or an applicant who has not been offered employment and prohibits municipalities from requiring employers to use the federal electronic employment verification system.

NY S01802

Prohibits employers from using the federal electronic employment verification system to check the employment authorization status of an existing employee or an applicant who has not been offered employment and prohibits municipalities from requiring employers to use the federal electronic employment verification system.

NY S09484

Requires the department of social services to issue EMV-compliant or similar electronic benefit transfer cards and process all electronic benefit transfer system transactions using dynamic data authentication.

NY A03219

Relates to requiring the transfer of medical records within sixty days of written request.

NY A08223

Relates to requiring the transfer of medical records within sixty days of written request.

NY A02749

Prohibits the percentage of disbursements from the state lottery fund that goes towards education aid from falling below 45.15 percent.

NY S09783

Allows certain methods for service of process including by electronic means.

Similar Bills

No similar bills found.