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Senate Bill S7444

2015-2016 Legislative Session

Authorizes the comptroller to audit local development corporations

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Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

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2015-S7444 (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd ยง1411, N-PC L
Versions Introduced in Other Legislative Sessions:
2017-2018: S1373
2019-2020: S506
2021-2022: S3794
2023-2024: S1850
2025-2026: S3405

2015-S7444 (ACTIVE) - Summary

Authorizes the comptroller to audit local development corporations.

2015-S7444 (ACTIVE) - Sponsor Memo

2015-S7444 (ACTIVE) - Bill Text download pdf 

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

                                  7444

                            I N  S E N A T E

                               May 2, 2016
                               ___________

Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN  ACT  to  amend  the  not-for-profit  corporation law, in relation to
  authorizing the comptroller to audit local development corporations

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

  Section  1. Paragraph (i) of section 1411 of the not-for-profit corpo-
ration law is relettered paragraph (j) and a new paragraph (i) is  added
to read as follows:
  (I) AUDIT.
  THE  COMPTROLLER  HAS  THE  AUTHORITY  TO  AUDIT ANY LOCAL DEVELOPMENT
CORPORATION INCORPORATED OR REINCORPORATED PURSUANT TO THIS SECTION.
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15030-01-6

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