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Opinion 90-20
… to a firemen's association unless authorized or required by a special law, but the treasurer may pay such moneys to … association. The firemen's association was not created by a special act of the State Legislature which authorizes … Sections 9104 and 9105 of the Insurance Law, as amended by chapter 293 of the Laws of 1988, govern the distribution …
https://www.osc.ny.gov/legal-opinions/opinion-90-20DiNapoli: State Could Face Tough Fiscal Decisions in Year Ahead
… other programs, but authorizes more than $10.5 billion in new state debt and allows billions of dollars in lump sum … Executive acted on critical budget issues that will help New York move forward. However, billions of dollars in …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-could-face-tough-fiscal-decisions-year-aheadState Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program
… voice and shareholder voting power to protect investments by calling on companies to address climate change risks they … Supported the Climate Risk Disclosure Act sponsored by US Senator Elizabeth Warren that would direct the …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-programComptroller DiNapoli Releases School Audits
… over $1.1 million, exceeding the 4 percent statutory limit by 7.3 percentage points. With the inclusion of the unused … the district had a reserve fund that was overfunded by $703,000 and appropriations were overestimated by $2 million in total, or an average of 6.9 percent per …
https://www.osc.ny.gov/press/releases/2016/06/comptroller-dinapoli-releases-school-audits-0Selected Aspects of Supporting Small Businesses
… potential and create economic security for all New Yorkers by connecting New Yorkers to good jobs, creating stronger … to make the City easier for small businesses to operate in by, among other things, making regulations less burdensome to … in real time as well as receive information distributed by City agencies, such as updates on the law and renewal …
https://www.osc.ny.gov/state-agencies/audits/2022/10/20/selected-aspects-supporting-small-businessesState Comptroller DiNapoli Releases School District Audits
… and responsibilities of each party may not be understood by all parties resulting in cybersecurity gaps. Indian River … 2020-21, the board underestimated general fund revenues by $68.8 million and overestimated appropriations by $29.5 million. Additionally, the district’s reported …
https://www.osc.ny.gov/press/releases/2022/09/state-comptroller-dinapoli-releases-school-district-auditsOpinion 2001-8
… a fire district to serve the same area previously served by the fire protection district. If so, you ask whether the … terminated upon the payment of any amounts becoming due by reason of fire protection furnished prior to the date of … J. Holland, Esq., Town Attorney Town of Bangor 1 Note that by chapter 37 of the Laws of 2000, Town Law §171, which sets …
https://www.osc.ny.gov/legal-opinions/opinion-2001-8State Contract and Payment Actions in September
… Office of the State Comptroller approved 1,803 contracts for state agencies and public authorities valued at $3.4 … 3,100 payments valued at more than $13 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these …
https://www.osc.ny.gov/press/releases/2023/11/state-contract-and-payment-actions-septemberDiNapoli: Audit Finds NYC Needs to Improve Income Verification and Enforcement at Mitchell-Lama Housing
… modest monthly surcharge as their only penalty, according to an audit released today by New York State Comptroller … Preservation and Development (HPD) has not done enough to verify that residents are reporting their true income and … buildings, unfortunately, that isn’t the case. HPD needs do a better job of ensuring that apartments are occupied by …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-audit-finds-nyc-needs-improve-income-verification-and-enforcement-mitchell-lama-housingDiNapoli: Some Bright Spots for NYC Finances in FY21, but Long-Term Challenges Looming
… COVID-19 pandemic, according to a report released today by State Comptroller Thomas P. DiNapoli. “New York City’s finances have certainly been strained by the pandemic, but strength in the securities industry and … gaps if left unchecked. Much-needed federal aid promised by the Biden administration and Congress should help the city …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-some-bright-spots-nyc-finances-fy21-long-term-challenges-loomingOpinion 90-6
… Social Services Districts (acceptance of corporate grant for day care purposes) MUNICIPAL CORPORATIONS -- Powers and … social services district may not accept a corporate grant for the purpose of providing day care services pursuant to … a corporate grant to furnish, carpet and provide toys for a day care room on the condition that the room be named …
https://www.osc.ny.gov/legal-opinions/opinion-90-6Opinion 96-22
… and tax stabilization reserve fund may be established by resolution of the governing board subject to permissive … into the fund "such amounts as may be provided therefor by budgetary appropriation, unappropriated cash surplus in … the annual budget, and such revenues as are not required by law to be paid into any other fund or account ...". There …
https://www.osc.ny.gov/legal-opinions/opinion-96-22DiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… District Attorney Madeline Singas announced the arrest of a financial advisor from Pennsylvania and the re-arrest of his alleged collaborator, a financial advisor from … allegedly scamming at least 40 people – many seniors – out of more than $10 million in a Ponzi scheme. "These defendants …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-10-million-ponzi-scheme-unraveled-following-nassau-county-district-attorney-investigationDiNapoli Announces State Contract and Payment Actions for August 2016
… Inc. to construct and renovate the University of Buffalo’s School of Medicine and Biomedical Sciences. $400,000 to … to The Pike Co. for design and build services at the Rochester Amtrak train station. $648,000 to Parsons … the bridge over Brown’s Raceway and the Genesee River in t Rochester. $211,000 to CHA Consulting Inc. for consulting …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-announces-state-contract-and-payment-actions-august-2016Comptrollers DiNapoli & Stringer Call on Corporations to Protect LGBT Rights Around World
… letter today on behalf of the state and city pension funds to 20 major U.S. corporations urging them to uphold LGBT rights around the globe. "The momentum of the … the U.S. to ensure their policies are upheld wherever they do business. DiNapoli and Stringer manage combined …
https://www.osc.ny.gov/press/releases/2014/06/comptrollers-dinapoli-stringer-call-corporations-protect-lgbt-rights-around-worldState Comptroller DiNapoli Releases Audits
… or remit all rebate revenue to Civil Service. As a result, Civil Service is due $2,240,798 in rebates. Office … properties that were vacant for a combined 45 months as of Nov. 29, 2018, resulting in forgone revenue totaling … Grievances (Follow-Up) (2019-F-4) An audit released in January 2018 found the commission received data such as …
https://www.osc.ny.gov/press/releases/2019/06/state-comptroller-dinapoli-releases-auditsDiNapoli Releases Recommendations From Decarbonization Advisory Panel
… first of its kind for a public pension fund, was formed by Gov. Andrew Cuomo and DiNapoli in 2018 and members were …
https://www.osc.ny.gov/press/releases/2019/04/dinapoli-releases-recommendations-decarbonization-advisory-panelDiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… “The last two years of profits and bonuses fueled in part by the extraordinary federal response to the pandemic were … Securities industry performance is traditionally measured by the pretax profits of the broker/dealer operations of New … in 2022 were at the lowest level since 2003, fueled by weaker initial and secondary public offerings. The Federal …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsState Contract and Payment Actions in May
… The Comptroller’s auditors also recovered nearly $397,000 from vendors owing debts to the state and held payments of …
https://www.osc.ny.gov/press/releases/2022/06/state-contract-and-payment-actions-mayDiNapoli Seeks Increased Diversity at Pension Fund's Portfolio Companies
… York State Common Retirement Fund’s (Fund) ongoing efforts to increase corporate accountability for progress on … said. “As a major investor, focused on safeguarding our pension fund’s long-term value, we call on portfolio … secrecy about these negative experiences in the workplace. What cannot be discussed cannot be addressed. We are proud to …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-seeks-increased-diversity-pension-funds-portfolio-companies