New York Assembly Bill A08825

New York 2025-2026 Regular Session

• Introduced: 6/9/25
• Refer: 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.