NY Work Comp L § 87-F (2021)
2021 New York Laws WKC - Workers' Compensation Article 6 - State Insurance Fund. 87-F - Appropriations to the State Insurance Fund.

§   87-f.   Appropriations   to   the   state   insurance   fund.   1.   Notwithstanding any other provision of law, the  state  insurance  fund,   hereinafter  referred  to  as  the  fund,  and  all  state officers with   responsibility for the custody or investment of  such  fund  or  of  its   assets,  shall  annually,  no  later  than  November first in each year,   submit to  the  director  of  the  budget  the  fund's  request  for  an   appropriation  of  one  billion sixty-five million dollars. The governor   shall include such amount in a budget bill for  the  next  state  fiscal   year.  The  state  comptroller shall encumber the amount so appropriated   before the end of the fiscal year for which any  such  appropriation  is   made.  If  for  any  fiscal  year  commencing  on  or after April first,   nineteen hundred eighty-three, the governor fails  to  submit  a  budget   bill  containing an appropriation in the amount requested by the fund or   the legislature fails  to  appropriate  the  amount  in  a  budget  bill   submitted  by the governor for such fiscal year, the amount appropriated   for and encumbered during the preceding fiscal  year  shall  be  payable   forthwith  to  the  fund  on  the  first day of July of such year in the   manner prescribed by law, provided, however, that such amount shall  not   exceed  the  amount  of moneys transferred to the general fund, the note   repayment account or the capital projects fund by the fund  pursuant  to   the  provisions  of  chapter  fifty-five of the laws of nineteen hundred   eighty-two,  chapter  twenty-eight  of  the  laws  of  nineteen  hundred   eighty-six,   chapter  forty-seven  of  the  laws  of  nineteen  hundred   eighty-seven  and  chapter  seven  of  the  laws  of  nineteen   hundred   eighty-nine.2.  Notwithstanding any other provision of law, the fund and all state   officers with responsibility for the custody or investment of such  fund   or  of  its  assets shall annually, no later than November first in each   year, submit to the director of the budget the fund's additional request   for an appropriation of two  hundred  thirty  million  dollars  and  the   governor  shall  include such additional amount in a budget bill for the   next state fiscal year. The state comptroller shall encumber the  amount   so  appropriated  before  the  end of the fiscal year for which any such   appropriation is made. If for any fiscal year  commencing  on  or  after   April  first,  nineteen  hundred  ninety  the governor fails to submit a   budget bill containing an appropriation in the amount requested  by  the   fund or the legislature fails to appropriate the amount in a budget bill   submitted  by the governor for such fiscal year, the amount appropriated   for and encumbered during the preceding fiscal  year  shall  be  payable   forthwith  to  the  fund  on  the  first day of July of such year in the   manner prescribed by law, provided, however, that such amount shall  not   exceed  the amount of moneys transferred to the general fund or the note   repayment account by the fund pursuant to the provisions of a chapter of   the laws of nineteen hundred ninety entitled "AN ACT  to  authorize  and   direct  the  transfer  of  hazardous  waste  remedial  fund industry fee   transfer account balances and receipts to the general fund; to amend the   state finance law, in  relation  to  industry  fee  surcharges  and  the   calculations  relating  thereto,  to  authorize  the  transfer  of state   insurance fund balances to the  general  fund;  to  amend  the  workers'   compensation  law, in relation to the provision of appropriations by the   state for the maintenance of reserves of the state insurance  fund;  and   making appropriations relating thereto".3.  It  is  hereby  found and declared that any appropriations made as   provided for in subdivision one or two of this section shall  be  deemed   admitted  assets  of  the state insurance fund, and that any transfer of   moneys by the fund to the general fund, the note  repayment  account  or   the  capital  projects fund in accordance with the provisions of chapter   fifty-five  of  the  laws  of  nineteen  hundred   eighty-two,   chapter    twenty-eight  of  the  laws  of  nineteen  hundred  eighty-six,  chapter   forty-seven of the laws of nineteen hundred eighty-seven, chapter  seven   of  the laws of nineteen hundred eighty-nine or a chapter of the laws of   nineteen  hundred  ninety  entitled  "AN ACT to authorize and direct the   transfer of hazardous waste remedial fund industry fee transfer  account   balances  and  receipts  to the general fund; to amend the state finance   law, in  relation  to  industry  fee  surcharges  and  the  calculations   relating  thereto,  to  authorize  the  transfer of state insurance fund   balances to the general fund; to amend the workers' compensation law, in   relation to the  provision  of  appropriations  by  the  state  for  the   maintenance  of  reserves  of  the  state  insurance  fund;  and  making   appropriations relating thereto" is deemed a proper  and  prudent  legal   undertaking  for  any  state  officer  with  the  responsibility for the   custody or the investment of the assets of the fund, notwithstanding any   other provision of law to the contrary.