senate Bill S8659

2019-2020 Legislative Session

Relates to reviews by the authorities budget office

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 01, 2020 referred to rules

S8659 (ACTIVE) - Details

See Assembly Version of this Bill:
A10745
Current Committee:
Senate 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:
S977, A2631

S8659 (ACTIVE) - Summary

Relates to reviews by the authorities budget office.

S8659 (ACTIVE) - Sponsor Memo

S8659 (ACTIVE) - Bill Text download pdf


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

                                  8659

                            I N  S E N A T E

                              July 1, 2020
                               ___________

Introduced  by Sen. GAUGHRAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

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
fact which, if omitted, would  cause  the  financial  statements  to  be

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

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