assembly Bill A2631A

2021-2022 Legislative Session

Relates to reviews by the authorities budget office

download bill text pdf

Sponsored By

Current 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

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 19, 2021 reported referred to codes
Mar 11, 2021 print number 2631a
Mar 11, 2021 amend and recommit to corporations, authorities and commissions
Jan 19, 2021 referred to corporations, authorities and commissions

A2631 - Details

See Senate Version of this Bill:
S977
Current Committee:
Assembly Codes
Law Section:
Public Authorities Law
Laws Affected:
Add §8, amd §§2800, 2824 & 6, Pub Auth L; amd §104, N-PC L
Versions Introduced in 2019-2020 Legislative Session:
A10745, S8659

A2631 - Summary

Relates to reviews by the authorities budget office; grants 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; makes related provisions.

A2631 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2631
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 19, 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 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Co-Sponsors

A2631A (ACTIVE) - Details

See Senate Version of this Bill:
S977
Current Committee:
Assembly Codes
Law Section:
Public Authorities Law
Laws Affected:
Add §8, amd §§2800, 2824 & 6, Pub Auth L; amd §104, N-PC L
Versions Introduced in 2019-2020 Legislative Session:
A10745, S8659

A2631A (ACTIVE) - Summary

Relates to reviews by the authorities budget office; grants 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; makes related provisions.

A2631A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2631--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 19, 2021
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on  Corporations, Authorities and Commissions -- committee discharged,
   bill amended, ordered reprinted as amended  and  recommitted  to  said
   committee
 
 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,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.