§ 7. Finance Committee.

305 words·~1 min read·/ny/senate-rules/standing-committees/7

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§ 7. Finance Committee. A bill or resolution providing for an

appropriation or creating or increasing a charge upon the State Treasury

shall, when reported by any committee other than the Finance Committee,

be referred to the Finance Committee, and the committee reporting such

bill or resolution shall, at the time of making such report, recommend

the further reference thereof to the Finance Committee. At the request

of the Majority Coalition Leaders or the Chair of the Finance Committee,

any such bill or resolution shall, at any time before final reading or

adoption, be referred to the Finance Committee, which may consider and

report upon any features in the bill or resolution creating or

increasing such charge.

The sponsor of a bill providing for an increase or decrease in state

revenues or in the appropriation or expenditure of state moneys, without

stating the amount thereof, must, before such bill is reported from the

Finance Committee or other committee to which referred, file with the

Finance Committee and such other committee a fiscal note which shall

state, so far as possible, the amount in dollars whereby such state

moneys, revenues or appropriations would be affected by such bill,

together with a similar estimate, if the same is possible, for future

fiscal years. Such an estimate must be secured by the sponsor from the

Division of the Budget or the department or agency of state government

charged with the fiscal duties, functions or powers provided in such

bill and the name of such department or agency must be stated in such

note.

The Finance Committee shall keep and maintain a file containing all

bills requiring fiscal notes and the notes appertaining thereto, which

shall be available to Senators and officers of the Senate, accredited

representatives of the press, and other responsible persons having a

legitimate interest therein.