|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to corporations, authorities and commissions|
|Jan 05, 2011||referred to corporations, authorities and commissions|
senate Bill S390
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S390 - Details
S390 - Summary
Relates to large capital projects to be financed in whole or in part with public funds or to be supported by tax and other public incentives and the disclosure of such projects.
S390 - Sponsor Memo
BILL NUMBER:S390 TITLE OF BILL: An act relating to large capital projects to be financed in whole or in part with public funds and the disclosure of such projects PURPOSE OR GENERAL IDEA OF BILL: This bill would require the Chair of the Empire State Development Corporation to provide the legislature and the governor with a detailed report of public projects in the city of New York. SUMMARY OF SPECIFIC PROVISIONS: Section 1 states a legislative finding concerning the need for detailed information regarding public projects. Section 2 defines certain terms. Section 3 requires the Chair of the ESDC to issue a report within 45 days concerning the projects and details the content of the report. JUSTIFICATION: There are in the city of New York many large capital projects to be financed in whole or in part with public funds or to be supported by tax and other public incentives and which are crucial
S390 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 390 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT relating to large capital projects to be financed in whole or in part with public funds and the disclosure of such projects THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature finds that there are in the city of New York many large capital projects to be financed in whole or in part with public funds or to be supported by tax and other public incentives and which are crucial to the economic and cultural interests of such city and the state of New York as a whole, and which are at some stage of proposal, planning or implementation. The legisla- ture further finds that it is important that a full disclosure be made of the details of such projects, their projected costs to the city and state and to public benefit corporations, the projected benefits, the reasons why some of them have been delayed and why some of the proposals have been modified. Accordingly, it is critical that the New York state urban development corporation, also known as the Empire State Develop- ment Corporation, provide a prompt report to the legislature on such projects so the legislature may provide the necessary policy determi- nations and establish appropriate priorities so that necessary projects can proceed. S 2. As used in this act, the following terms shall have the following meanings: 1. The term "corporation" shall mean the New York state urban develop- ment corporation established by chapter 174 of the laws of 1968. 2. The term "chair" shall mean the chairman of the board of directors of the corporation. 3. The term "projects" shall mean all development, redevelopment, construction, repair, and refurbishment projects within the city of New York in which the corporation or any subsidiary or affiliate of the corporation is involved with the planning, financing, or contracting in
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