senate Bill S390

2011-2012 Legislative Session

Relates to large capital projects to be financed in whole or in part with public funds

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Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to corporations, authorities and commissions
Jan 05, 2011 referred to corporations, authorities and commissions

S390 - Details

See Assembly Version of this Bill:
A2727
Law Section:
New York City
Versions Introduced in 2009-2010 Legislative Session:
S4530A, A1346A

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

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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