Assembly Actions -
Senate Actions - UPPERCASE
|May 22, 2023||
referred to corporations, authorities and commissions
delivered to assembly
|May 18, 2023||
advanced to third reading
|May 17, 2023||
2nd report cal.
|May 16, 2023||
1st report cal.994
|May 08, 2023||
referred to corporations, authorities and commissions
Senate Bill S6746
2023-2024 Legislative Session
Current Bill Status - In Assembly Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2023-S6746 (ACTIVE) - Details
- See Assembly Version of this Bill:
- Current Committee:
- Assembly Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Add §8, amd §§2800, 2824 & 6, Pub Auth L; amd §104, N-PC L
- Versions Introduced in Other Legislative Sessions:
2021-2022: S977, A2631
2023-S6746 (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.
2023-S6746 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6746 SPONSOR: RYAN TITLE OF BILL: An act to amend the public authorities law and the not-for-profit corpo- ration law, in relation to reviews by the authorities 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 PURPOSE OR GENERAL IDEA OF BILL: To increase oversight powers of the Authorities Budget Office. SUMMARY OF PROVISIONS: Section 1. Requires that a public authority publish a response to recom- mendations made by the Authorities Budget Office in any reports or letters within 30 days of receiving such recommendations. If the Author- ities Budget Office makes recommendations for corrective action, the
2023-S6746 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6746 2023-2024 Regular Sessions I N S E N A T E May 8, 2023 ___________ Introduced by Sen. RYAN -- read twice and ordered printed, and when printed to be committed 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 authorities 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- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11219-01-3
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