assembly Bill A4403

Signed By Governor
2021-2022 Legislative Session

Relates to requiring a compensation statement by certain public utility corporations and service providers

download bill text pdf

Sponsored By

Current Bill Status Via S1544 - Signed by Governor


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 31, 2021 approval memo.165
signed chap.826
Dec 20, 2021 delivered to governor
Jun 07, 2021 returned to senate
passed assembly
Jun 01, 2021 ordered to third reading rules cal.176
substituted for a4403
Jun 01, 2021 substituted by s1544a
rules report cal.176
reported
May 25, 2021 reported referred to rules
May 19, 2021 reported referred to codes
Feb 04, 2021 referred to corporations, authorities and commissions

Co-Sponsors

A4403 (ACTIVE) - Details

See Senate Version of this Bill:
S1544
Law Section:
Public Service Law
Laws Affected:
Add §111-a, Pub Serv L; amd §1020-f, Pub Auth L
Versions Introduced in 2019-2020 Legislative Session:
S8937

A4403 (ACTIVE) - Summary

Requires a compensation statement to be filed annually with the public service commission by any public utility corporation or service provider with a gross annual operating revenue of more than one million dollars.

A4403 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4403
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 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 service law and the public authorities law,
   in relation to requiring a  compensation  statement  to  be  filed  by
   certain  gas  corporations,  electric corporations, water-works corpo-
   rations and service providers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The public service law is amended by adding a new section
 111-a to read as follows:
   § 111-A. ADDITIONAL  INFORMATION  IN  ANNUAL  REPORTS;  DISCLOSURE  OF
 COMPENSATION.  1. ANY GAS CORPORATION, ELECTRIC CORPORATION, WATER-WORKS
 CORPORATION, OR SERVICE PROVIDER WITH A GROSS ANNUAL  OPERATING  REVENUE
 OF MORE THAN ONE MILLION DOLLARS SHALL PREPARE AND FILE WITH THE DEPART-
 MENT,  ON  OR  BEFORE  OCTOBER THIRTY-FIRST OF EACH YEAR, A COMPENSATION
 STATEMENT SHOWING FOR THE PRECEDING CALENDAR YEAR:
   A. THE NAMES, TITLES, AND DUTIES OF ALL  EXECUTIVE  OFFICERS  AND  THE
 COMPENSATION  RECEIVED  BY  EACH SUCH EXECUTIVE OFFICER. FOR PURPOSES OF
 THIS SECTION "EXECUTIVE  OFFICER"  INCLUDES  THE  PRESIDENT,  SECRETARY,
 TREASURER,  AND  VICE  PRESIDENT IN CHARGE OF A PRINCIPAL BUSINESS UNIT,
 DIVISION OR FUNCTION OF  SUCH  GAS  CORPORATION,  ELECTRIC  CORPORATION,
 WATER-WORKS  CORPORATION  OR  SERVICE PROVIDER; OR ANY OTHER OFFICER WHO
 PERFORMS A POLICY MAKING FUNCTION, OR  ANY  OTHER  PERSON  WHO  PERFORMS
 SIMILAR  POLICY  MAKING  FUNCTIONS  FOR  SUCH  GAS CORPORATION, ELECTRIC
 CORPORATION, WATER-WORKS CORPORATION, OR SERVICE PROVIDER WHO RECEIVES A
 COMPENSATION AT THE RATE OF ONE HUNDRED TWENTY-FIVE THOUSAND DOLLARS  OR
 MORE PER ANNUM; AND
   B. THE PROPORTION OF THE COMPENSATION DISCLOSED IN PARAGRAPH A OF THIS
 SUBDIVISION, THAT IS PAID, DIRECTLY OR INDIRECTLY, BY THE RATEPAYERS.
   2. ANY GAS CORPORATION, ELECTRIC CORPORATION, WATER-WORKS CORPORATION,
 OR  SERVICE  PROVIDER WITH A GROSS ANNUAL OPERATING REVENUE OF MORE THAN
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.