The 2019-20 New York State budget amended Civil Practice Law and Rules (CPLR) Section 1349 and created a new General Municipal Law (GML) Section 6-v to require all moneys and proceeds from the sale of property realized as a consequence of a forfeiture under Article 13-A of the CPLR to be deposited into an asset forfeiture escrow fund established, as deemed necessary, by the governing board of a village, town, county or city for such monies and proceeds.

This law took effect on October 9, 2019.

Accounting Code To Be Used

The General Fund (A Fund) general ledger code 894 – Asset Forfeiture Escrow Fund should be used for all moneys and proceeds realized as a consequence of a forfeiture under Article 13-A of the CPLR.

Annual Reporting Requirement

GML Section 6-v requires the chief fiscal officer of a village, town, county or city, at the termination of each fiscal year, to render a detailed report of the operation and condition of the asset forfeiture escrow fund to the governing board and the State Comptroller. The report is subject to examination and audit.

This report should be mailed to:

Office of the State Comptroller
Local Government and School Accountability
Data Management Unit
110 State Street, 12th Floor
Albany, NY 12236

or

Emailed to our Data Management Unit via the following email address: [email protected]

If you have any questions on these requirements, please contact us at: [email protected]