senate Bill S1543

2021-2022 Legislative Session

Prohibits certain persons from receiving compensation for legal fees, consulting, or other work performed for an industrial development agency or an economic assistance corporation

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Current Bill Status - On Floor Calendar


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

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 01, 2021 advanced to third reading
Jan 26, 2021 2nd report cal.
Jan 25, 2021 1st report cal.184
Jan 13, 2021 referred to ethics and internal governance

Votes

view votes

Jan 25, 2021 - Ethics and Internal Governance committee Vote

S1543
4
0
committee
4
Aye
0
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Ethics and Internal Governance committee vote details

Ethics and Internal Governance Committee Vote: Jan 25, 2021

aye wr (3)

S1543 (ACTIVE) - Details

See Assembly Version of this Bill:
A3738
Law Section:
Public Officers Law
Laws Affected:
Amd §73, Pub Off L; amd §2825, Pub Auth L; amd §§800 & 801, Gen Muni L
Versions Introduced in 2019-2020 Legislative Session:
S7555, A10104

S1543 (ACTIVE) - Summary

Prohibits certain persons from receiving compensation for legal fees, consulting, or other work performed for an industrial development agency, an economic assistance corporation or state or local authority.

S1543 (ACTIVE) - Sponsor Memo

S1543 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1543
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2021
                                ___________
 
 Introduced  by Sen. KAMINSKY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Ethics and Internal Gover-
   nance
 
 AN ACT to amend the public officers law, the public authorities law  and
   the  general municipal law, in relation to prohibiting certain persons
   from receiving compensation for legal fees, consulting, or other  work
   performed for an industrial development agency, an economic assistance
   corporation, or from a state or local authority
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  Subdivision 1 of section 73 of the public officers law  is
 amended by adding two new paragraphs (n) and (o) to read as follows:
   (N) THE TERM "CORPORATION" SHALL HAVE THE SAME MEANING AS SUCH TERM IS
 DEFINED IN SECTION ONE HUNDRED TWO OF THE BUSINESS CORPORATION LAW.
   (O)  THE  TERM "LIMITED LIABILITY COMPANY" SHALL HAVE THE SAME MEANING
 AS SUCH TERM IS DEFINED IN  SECTION  ONE  HUNDRED  TWO  OF  THE  LIMITED
 LIABILITY COMPANY LAW.
   §  2.  Subdivision  18  of  section  73 of the public officers law, as
 amended by section 5 of part CC of chapter 56 of the laws  of  2015,  is
 amended to read as follows:
   18.   NO STATEWIDE ELECTED OFFICIAL, STATE OFFICER OR EMPLOYEE, MEMBER
 OF THE LEGISLATURE, LEGISLATIVE EMPLOYEE OR POLITICAL PARTY CHAIRMAN  AS
 DEFINED IN THIS SECTION AND SECTION SEVENTY-THREE-A OF THIS ARTICLE WHO:
 (I)  OWNS  OR  CONTROLS DIRECTLY OR INDIRECTLY TEN PER CENTUM OR MORE OF
 STOCK IN A CORPORATION OR LIMITED LIABILITY COMPANY;  OR  (II)  OWNS  OR
 CONTROLS  TEN  PER CENTUM OR MORE OF THE CAPITAL, PROFITS, OR BENEFICIAL
 INTEREST IN A PARTNERSHIP OR FIRM, SHALL RECEIVE COMPENSATION FOR  LEGAL
 FEES,  CONSULTING,  OR  ANY  OTHER CONTRACTUAL EXPENDITURE FOR SERVICES,
 WHETHER ACTUALLY PERFORMED OR NOT, FROM A STATE OR  LOCAL  AUTHORITY  AS
 DEFINED IN SECTION TWO OF THE PUBLIC AUTHORITIES LAW.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01248-02-1

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