S T A T E   O F   N E W   Y O R K
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                                   6019
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 21, 2017
                                ___________
 
 Introduced by M. of A. DINOWITZ -- read once and referred to the Commit-
   tee 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
 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

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

                                                            LBD07607-01-7

 A. 6019                             2

 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 SEVENTEEN 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.
   § 2. This act shall take effect immediately.