S T A T E   O F   N E W   Y O R K
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                                  5382

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 25, 2013
                               ___________

Introduced  by  M. of A. BRENNAN, DINOWITZ, COLTON -- Multi-Sponsored by
  -- M. of A. CLARK, GLICK, GOTTFRIED, HOOPER, JACOBS, 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  and  as
further  amended  by  section 104 of part A of chapter 62 of the laws of
2011, 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 financial services, 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 remain-
ing  directors,  one  of  such directors first appointed by the governor
after the effective date of this subdivision as amended shall serve  for

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09059-01-3
              

A. 5382                             2

a term ending January first next succeeding his appointment, one of such
directors  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 THIRTEEN 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 otherwise, 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.