assembly Bill A10745

2019-2020 Legislative Session

Relates to reviews by the authorities budget office

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


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

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Actions

view actions (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 17, 2020 reported referred to rules
Jul 13, 2020 reported referred to codes
Jul 09, 2020 referred to corporations, authorities and commissions

A10745 (ACTIVE) - Details

See Senate Version of this Bill:
S8659
Current Committee:
Assembly Rules
Law Section:
Public Authorities Law
Laws Affected:
Add §8, amd §§2800, 2824 & 6, Pub Auth L; amd §104, N-PC L
Versions Introduced in 2021-2022 Legislative Session:
A2631, S977

A10745 (ACTIVE) - Summary

Relates to reviews by the authorities budget office.

A10745 (ACTIVE) - Bill Text download pdf


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

                                  10745

                          I N  A S S E M B L Y

                              July 9, 2020
                               ___________

Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Thiele) --
  read once and referred to the Committee on  Corporations,  Authorities
  and Commissions

AN ACT to amend the public authorities law and the not-for-profit corpo-
  ration  law, in relation to reviews by the authority budget office and
  granting the authorities budget office the authority  to  commence  an
  action  or  special  proceeding  to  annul  the corporate existence or
  dissolve a corporation that has acted beyond its capacity or power  or
  to restrain it from carrying on unauthorized activities

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

  Section 1. The public authorities law  is  amended  by  adding  a  new
section 8 to read as follows:
  §  8.  REPORTS  OF  PUBLIC  AUTHORITIES  BY AUTHORITIES BUDGET OFFICE;
RECOMMENDATIONS FOR CORRECTIVE ACTION. WHENEVER THE  AUTHORITIES  BUDGET
OFFICE ISSUES A LETTER OR REPORT REGARDING THE ACTIVITIES AND OPERATIONS
OF  ANY  PUBLIC  AUTHORITY,  THE  HEAD OF THE PUBLIC AUTHORITY WHICH THE
LETTER OR REPORT WAS ABOUT SHALL SUBMIT A WRITTEN RESPONSE TO THE LETTER
OR REPORT WITHIN THIRTY DAYS OF THE RECEIPT OF THE LETTER OR REPORT.  IF
THE  LETTER  OR REPORT MAKES RECOMMENDATIONS FOR CORRECTIVE ACTION, SUCH
HEAD SHALL REPORT WITHIN ONE HUNDRED EIGHTY DAYS AFTER  RECEIPT  THEREOF
TO THE AUTHORITIES BUDGET OFFICE WHAT STEPS WERE TAKEN TO IMPLEMENT SUCH
RECOMMENDATIONS,  AND,  WHERE  RECOMMENDATIONS WERE NOT IMPLEMENTED, THE
REASONS THEREFOR. FAILURE TO COMPLY WITH THE PROVISIONS OF THIS  SECTION
SHALL MAKE THE AUTHORITY DELINQUENT IN ITS REPORTING REQUIREMENTS.
  §  2.  Subdivision 3 of section 2800 of the public authorities law, as
amended by chapter 766 of the laws  of  2005,  is  amended  to  read  as
follows:
  3.  Every  financial  report  submitted  under  this  section shall be
approved by the board and shall be certified, UNDER PENALTY OF  PERJURY,
in  writing by the chief executive officer and the chief financial offi-
cer of such authority that based on  the  officer's  knowledge  (a)  the
information  provided  therein is accurate, correct and does not contain
any untrue statement of material fact; (b) does not  omit  any  material

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets