Assembly Bill A1447

2021-2022 Legislative Session

Prohibits corporations that receive public financing from giving gifts to public officials

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A1447 (ACTIVE) - Details

Current Committee:
Assembly Governmental Operations
Law Section:
Business Corporation Law
Laws Affected:
Add §204, BC L
Versions Introduced in Other Legislative Sessions:
2013-2014: A7626
2015-2016: A3647
2017-2018: A3746
2019-2020: A3563
2023-2024: A700

2021-A1447 (ACTIVE) - Summary

Prohibits corporations that receive public financing from giving gifts to public officials.

2021-A1447 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1447
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 11, 2021
                                ___________
 
 Introduced  by M. of A. CARROLL -- read once and referred to the Commit-
   tee on Governmental Operations
 
 AN ACT to amend the business corporation law, in relation to prohibiting
   gifts to public officials
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  The  business  corporation law is amended by adding a new
 section 204 to read as follows:
 § 204. PROHIBITION OF GIFTS TO PUBLIC OFFICIALS.
   (A) FOR THE PURPOSES OF THIS SECTION:
   (1) THE TERMS "GIFT" AND "PUBLIC OFFICIAL" SHALL HAVE THE SAME MEANING
 AS THOSE TERMS ARE DEFINED IN THE LEGISLATIVE LAW, EXCEPT THAT THE  TERM
 "GIFT",  IN ADDITION TO THE DEFINITION SET FORTH IN THE LEGISLATIVE LAW,
 SHALL INCLUDE ANY PRIVILEGES,  BENEFITS  OR  RIGHTS  THAT  ARE  OFFERED,
 PROVIDED  OR  MADE AVAILABLE TO A PUBLIC OFFICIAL BUT NOT TO THE GENERAL
 PUBLIC.
   (2) THE TERM "PUBLIC FINANCING" SHALL INCLUDE, BUT NOT BE LIMITED  TO,
 STATE  OR LOCAL GRANTS, SUBSIDIES, TAX EXEMPTIONS OR CREDITS, TAX ABATE-
 MENTS, PAYMENTS IN LIEU OF TAXES, AND ANY DEBT  ISSUED  BY  A  STATE  OR
 LOCAL AGENCY, A PUBLIC AUTHORITY OR A PUBLIC BENEFIT CORPORATION.
   (B)(1) NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY, NO DOMES-
 TIC  CORPORATION,  FOREIGN CORPORATION, OR ANY SUBSIDIARY OF SUCH CORPO-
 RATION WHICH (I) IS AUTHORIZED TO DO OR DOES BUSINESS IN THIS STATE  AND
 (II)  RECEIVES DIRECTLY OR INDIRECTLY ANY FORM OR TYPE OF PUBLIC FINANC-
 ING SHALL OFFER, GIVE OR PROVIDE A GIFT TO ANY PUBLIC OFFICIAL.
   (2) NOTHING IN THIS SECTION SHALL BE CONSTRUED TO PROHIBIT OR  PREVENT
 A  CORPORATION FROM OFFERING, GIVING OR PROVIDING GOODS OR SERVICES TO A
 PUBLIC OFFICIAL ON THE SAME TERMS AND CONDITIONS AS  GOODS  OR  SERVICES
 ARE OFFERED OR PROVIDED TO THE GENERAL PUBLIC.
   (C)(1)  ANY  CORPORATION  THAT VIOLATES ANY PROVISIONS OF THIS SECTION
 AND
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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