Senate Bill S2297

2023-2024 Legislative Session

Allows for the examination of industrial development agencies and not-for-profit corporations by county comptrollers

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

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

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2023-S2297 (ACTIVE) - Details

See Assembly Version of this Bill:
A5910
Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Add §34-b, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2019-2020: S8701
2021-2022: S235

2023-S2297 (ACTIVE) - Summary

Allows for the examination of projects and/or actions by industrial development agencies and not-for-profit corporations by county comptrollers.

2023-S2297 (ACTIVE) - Sponsor Memo

2023-S2297 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2297
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 19, 2023
                                ___________
 
 Introduced  by  Sens.  MAYER, MATTERA -- read twice and ordered printed,
   and when printed to be committed to  the  Committee  on  Corporations,
   Authorities and Commissions
 
 AN  ACT  to amend the general municipal law, in relation to allowing for
   the examination of industrial development agencies and  not-for-profit
   corporations by county comptrollers

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The general municipal  law  is  amended  by  adding  a  new
 section 34-b to read as follows:
   §  34-B.  EXAMINATION  OF INDUSTRIAL DEVELOPMENT AGENCIES AND NOT-FOR-
 PROFIT CORPORATIONS BY COUNTY COMPTROLLERS. 1. EXAMINATION OF INDUSTRIAL
 DEVELOPMENT AGENCY PROJECTS AND ACTIONS BY COUNTY  COMPTROLLERS.  (A)  A
 COUNTY COMPTROLLER MAY CONDUCT AN AUDIT OF A PROJECT AND/OR ACTION OF AN
 INDUSTRIAL DEVELOPMENT AGENCY LOCATED WITHIN THE COUNTY.
   (B)  IN  COUNTIES  WHERE  THERE  IS  NO  COUNTY COMPTROLLER, THE CHIEF
 ELECTED OFFICIAL OF THE COUNTY SHALL DESIGNATE THE  BUDGET  DIRECTOR  OR
 FINANCE DIRECTOR TO UNDERTAKE SUCH AUDITS.
   (C)  FOR  PURPOSES  OF  THIS  SECTION, INDUSTRIAL DEVELOPMENT AGENCIES
 INCLUDE SUCH PUBLIC AUTHORITIES DEFINED IN PARAGRAPH (C) OF  SUBDIVISION
 TWO OF SECTION TWO OF THE PUBLIC AUTHORITIES LAW.
   2.  EXAMINATION OF NOT-FOR-PROFIT CORPORATIONS BY COUNTY COMPTROLLERS.
 (A) A COUNTY COMPTROLLER MAY CONDUCT AN AUDIT OF A NOT-FOR-PROFIT CORPO-
 RATION AFFILIATED WITH, SPONSORED BY, OR CREATED BY A COUNTY, CITY, TOWN
 OR VILLAGE GOVERNMENT, LOCATED WITHIN THE COUNTY.
   (B) IN COUNTIES WHERE  THERE  IS  NO  COUNTY  COMPTROLLER,  THE  CHIEF
 ELECTED  OFFICIAL  OF  THE COUNTY SHALL DESIGNATE THE BUDGET DIRECTOR OR
 FINANCE DIRECTOR TO UNDERTAKE SUCH AUDITS.
   (C) FOR PURPOSES OF THIS SECTION, NOT-FOR-PROFIT CORPORATIONS  INCLUDE
 SUCH  PUBLIC  AUTHORITIES DEFINED IN PARAGRAPH (B) OF SUBDIVISION TWO OF
 SECTION TWO OF THE PUBLIC AUTHORITIES LAW.
   § 2. This act shall take effect on the ninetieth day  after  it  shall
 have become a law.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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