S T A T E O F N E W Y O R K
________________________________________________________________________
7666
2025-2026 Regular Sessions
I N A S S E M B L Y
April 4, 2025
___________
Introduced by M. of A. SOLAGES -- read once and referred to the Commit-
tee on Local Governments
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
[ ] is old law to be omitted.
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