S T A T E   O F   N E W   Y O R K
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                                  4674

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 5, 2009
                               ___________

Introduced  by  M.  of  A. BRENNAN, DINOWITZ, BENJAMIN, COLTON, PHEFFER,
  DelMONTE -- Multi-Sponsored by -- M. of A. CHRISTENSEN, CLARK,  GLICK,
  GOTTFRIED,  HOOPER,  JACOBS,  JOHN,  NOLAN,  SWEENEY  -- read once and
  referred to the Committee on Corporations, Authorities and Commissions

AN ACT to amend the New York state urban development corporation act, in
  relation to the manner in which the directors of the  New  York  state
  urban development corporation shall be appointed

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 1 of section 4 of section 1 of chapter  174  of
the  laws  of  1968,  constituting  the New York state urban development
corporation act, as amended by chapter 280  of  the  laws  of  1984,  is
amended to read as follows:
  (1)  There  is  hereby  created  the  New York state urban development
corporation. The corporation shall be a corporate governmental agency of
the state, constituting  a  political  subdivision  and  public  benefit
corporation.  Its membership shall consist of nine directors as follows:
the superintendent of banks, the [chairman] CHAIRPERSON of the New  York
state  science and technology foundation, and [seven] THREE directors to
be appointed by the governor with the advice and consent of the  senate,
TWO  DIRECTORS TO BE APPOINTED BY THE STATE COMPTROLLER, ONE DIRECTOR TO
BE APPOINTED BY THE TEMPORARY PRESIDENT OF THE SENATE, AND ONE  DIRECTOR
TO BE APPOINTED BY THE SPEAKER OF THE ASSEMBLY. THE MEMBERS APPOINTED BY
THE  COMPTROLLER,  THE TEMPORARY PRESIDENT OF THE SENATE AND THE SPEAKER
OF THE ASSEMBLY SHALL NOT BE EMPLOYEES OF THE STATE.   From the  [seven]
THREE  directors  appointed  by him OR HER, the governor shall designate
the [chairman] CHAIRPERSON of the corporation [and two others who  shall
all  serve at the pleasure of the governor. Of the four remaining direc-
tors, one of such directors first appointed by the  governor  after  the
effective  date  of  this  subdivision as amended shall serve for a term
ending January first next succeeding his appointment, one of such direc-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05028-01-9
              

A. 4674                             2

tors shall serve for a term ending one year from such date, one of  such
directors  shall  serve  for a term ending two years from such date, and
one of such directors shall serve for a term  ending  three  years  from
such date].  OF THE DIRECTORS FIRST APPOINTED PURSUANT TO THE CHAPTER OF
THE  LAWS OF TWO THOUSAND NINE WHICH AMENDED THIS SUBDIVISION, THE THREE
DIRECTORS APPOINTED BY THE GOVERNOR SHALL SERVE FOR TERMS OF ONE,  THREE
AND  FOUR  YEARS,  THE  TWO DIRECTORS APPOINTED BY THE COMPTROLLER SHALL
SERVE FOR TERMS OF ONE AND THREE YEARS, AND THE DIRECTORS  APPOINTED  BY
THE  TEMPORARY  PRESIDENT  OF THE SENATE AND THE SPEAKER OF THE ASSEMBLY
SHALL SERVE FOR TERMS OF TWO YEARS. Their  successors  shall  serve  for
terms of four years each. Directors shall continue in office until their
successors  have been appointed and qualified. In the event of a vacancy
occurring in the office of a director by death,  resignation  or  other-
wise,  the  [governor]  ORIGINAL  APPOINTING  AUTHORITY  shall appoint a
successor [with the advice and consent of the senate] to serve  for  the
balance  of the unexpired term. The governor shall appoint the president
of the corporation, with the advice and consent of the senate, who shall
be the chief executive officer of the corporation and who shall serve at
the pleasure of the governor. Such president may be one of the directors
appointed by the governor.
  S 2. This act shall take effect immediately.