Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Feb 01, 2022 | print number 4078a |
Feb 01, 2022 | amend and recommit to corporations, authorities and commissions |
Jan 05, 2022 | referred to corporations, authorities and commissions |
May 14, 2021 | reference changed to corporations, authorities and commissions |
Feb 01, 2021 | referred to consumer affairs and protection |
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
Bill Amendments
Co-Sponsors
Kenneth Zebrowski
Thomas Abinanti
Harry B. Bronson
Karines Reyes
Multi-Sponsors
David McDonough
A4078 - Details
- See Senate Version of this Bill:
- S5137
- Current Committee:
- Assembly Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §2827-a, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010: A4298, S3919
2011-2012: A3228, S4690
2013-2014: A1599, S1443
2015-2016: A4729, S2054, S6591
2017-2018: A7049, S4280
2019-2020: A3089, S3090
2023-2024: A1768, S979
A4078 - Summary
Prohibits the formation of a subsidiary of a public authority without prior approval of the legislature; allows the formation of a subsidiary of a public authority without prior approval of the legislature if such public authority files a written notice sixty days prior to the organization of such subsidiary with the governor and the legislature.
A4078 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4078 2021-2022 Regular Sessions I N A S S E M B L Y February 1, 2021 ___________ Introduced by M. of A. COLTON, ZEBROWSKI, ABINANTI, BRONSON, REYES, NORRIS -- Multi-Sponsored by -- M. of A. McDONOUGH -- read once and referred to the Committee on Consumer Affairs and Protection AN ACT to amend the public authorities law, in relation to prohibiting the formation of a subsidiary of a public authority without prior permission of the legislature THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 2827-a of the public authorities law, as added by chapter 506 of the laws of 2009, is amended to read as follows: 1. Notwithstanding any law to the contrary, no state authority shall hereafter have the power to organize any subsidiary corporation unless the legislature shall have enacted a law granting such state authority such power for the organization of a specific corporation[, provided, however, that a state authority may organize a subsidiary corporation pursuant to the following requirements: a. the purpose for which the subsidiary corporation shall be organized shall be for a project or projects which the state authority has the power to pursue pursuant to its corporate purposes; b. the primary reason for which the subsidiary corporation shall be organized shall be to limit the potential liability impact of the subsidiary's project or projects on the authority or because state or federal law requires that the purpose of a subsidiary be undertaken through a specific corporate structure; and c. the]. ANY subsidiary corporation shall make the reports and other disclosures as are required of state authorities, unless the subsidiary corporation's operations and finances are consolidated with those of the authority of which it is a subsidiary. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05610-01-1
Co-Sponsors
Kenneth Zebrowski
Thomas Abinanti
Harry B. Bronson
Karines Reyes
Multi-Sponsors
David McDonough
A4078A (ACTIVE) - Details
- See Senate Version of this Bill:
- S5137
- Current Committee:
- Assembly Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §2827-a, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010: A4298, S3919
2011-2012: A3228, S4690
2013-2014: A1599, S1443
2015-2016: A4729, S2054, S6591
2017-2018: A7049, S4280
2019-2020: A3089, S3090
2023-2024: A1768, S979
A4078A (ACTIVE) - Summary
Prohibits the formation of a subsidiary of a public authority without prior approval of the legislature; allows the formation of a subsidiary of a public authority without prior approval of the legislature if such public authority files a written notice sixty days prior to the organization of such subsidiary with the governor and the legislature.
A4078A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4078--A 2021-2022 Regular Sessions I N A S S E M B L Y February 1, 2021 ___________ Introduced by M. of A. COLTON, ZEBROWSKI, ABINANTI, BRONSON, REYES, NORRIS, DINOWITZ, DICKENS, MAGNARELLI, ENGLEBRIGHT, ZINERMAN, GALEF -- Multi-Sponsored by -- M. of A. McDONOUGH -- read once and referred to the Committee on Consumer Affairs and Protection -- reference changed to the Committee on Corporations, Authorities and Commissions -- recommitted to the Committee on Corporations, Authorities and Commis- sions in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the public authorities law, in relation to prohibiting the formation of a subsidiary of a public authority without prior permission of the legislature THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 2827-a of the public authorities law, as added by chapter 506 of the laws of 2009, is amended to read as follows: 1. Notwithstanding any law to the contrary, no state authority shall hereafter have the power to organize any subsidiary corporation unless the legislature shall have enacted a law granting such state authority such power for the organization of a specific corporation, provided, however, that a state authority may organize a subsidiary corporation [pursuant to the following requirements: a. the purpose for which the subsidiary corporation shall be organized shall be for a project or projects which the state authority has the power to pursue pursuant to its corporate purposes; b. the primary reason for which the subsidiary corporation shall be organized shall be to limit the potential liability impact of the subsidiary's project or projects on the authority or because state or federal law requires that the purpose of a subsidiary be undertaken through a specific corporate structure; and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05610-02-2