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Assembly Bill A7228

2021-2022 Legislative Session

Relates to audit by the Long Island power authority

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Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

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2021-A7228 (ACTIVE) - Details

See Senate Version of this Bill:
S4864
Current Committee:
Senate Energy And Telecommunications
Law Section:
Public Authorities Law
Laws Affected:
Amd §1020-f, Pub Auth L

2021-A7228 (ACTIVE) - Summary

Requires the Long Island power authority to conduct comprehensive management and operations audits every three years instead of every five years.

2021-A7228 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7228
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 29, 2021
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in relation to audits by the
   Long Island power authority
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph 2 of subdivision (bb) of section  1020-f  of  the
 public authorities law, as amended by section 7 of part A of chapter 173
 of the laws of 2013, is amended to read as follows:
   2.  The  department  of public service shall notify the authority that
 said department is in the process of initiating a comprehensive  manage-
 ment and operations audit as described in paragraph one of this subdivi-
 sion  in  a  manner  that  ensures  the timeliness of such audit, and in
 accordance with the following timeframe: the first comprehensive manage-
 ment and operations audit shall be initiated as of the effective date of
 chapter eight of the laws of two thousand twelve  and  undertaken  in  a
 manner  and  to  an  extent  that  is  practicable in the context of the
 authority's transition to a new management service structure; the second
 comprehensive management and operations  audit  shall  be  initiated  no
 later  than December fifteenth, two thousand sixteen; and all additional
 comprehensive management and operations audits  shall  be  initiated  at
 least once every [five] THREE years thereafter. Within a reasonable time
 after  such  notification to the authority, said department or the inde-
 pendent auditor retained by the authority to undertake such audit  shall
 hold  public  statement hearings, with proper notice, in both Nassau and
 Suffolk counties for the purpose of  receiving  both  oral  and  written
 comments  from  the public on matters related to such audit as described
 in paragraph one of this subdivision.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09646-01-1

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