Bill Text: NY A04733 | 2009-2010 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Requires certificates of incorporation of not-for-profit corporations to include certifications that the initial directors of the corporation shall commit to the inclusion in the corporation bylaws of a conflict of interest policy and a requirement that the directors and officers of the corporation comply with education requirements regarding their fiduciary obligations to the corporation.

Spectrum: Strong Partisan Bill (Democrat 17-1)

Status: (Introduced - Dead) 2011-02-07 - referred to corporations, authorities and commissions [A04733 Detail]

Download: New_York-2009-A04733-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4733
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 5, 2009
                                      ___________
       Introduced  by M. of A. BRENNAN, CLARK, GREENE, MAISEL, JAFFEE -- Multi-
         Sponsored by -- M. of A. ABBATE, AUBRY, COLTON, COOK, GLICK,  HEASTIE,
         JACOBS,  NOLAN,  ORTIZ,  PHEFFER, SWEENEY -- read once and referred to
         the Committee on Corporations, Authorities and Commissions
       AN ACT to amend the public authorities law, in relation  to  members  of
         the New York city water board and the manner of their appointment
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 2 of section 1045-f of the  public  authorities
    2  law,  as added by chapter 513 of the laws of 1984, is amended to read as
    3  follows:
    4    2. The water board shall consist of seven  members  appointed  by  the
    5  mayor  WITH THE ADVICE AND CONSENT OF THE CITY COUNCIL.  Terms of office
    6  of the members shall be two years except that the terms of four  of  the
    7  board  members  first  appointed  shall be one year. At least one member
    8  shall have experience in the science of water resource  development.  No
    9  member  shall  be a director of the authority OR AN EMPLOYEE OF THE CITY
   10  OF NEW YORK.  The mayor shall appoint a chairman from among the  members
   11  of  the  board.  All  members  shall continue to hold office until their
   12  successors are appointed and qualified. Vacancies shall be filled in the
   13  manner provided for original appointments. Vacancies,  occurring  other-
   14  wise  than  by expiration of term of office, shall be filled in the same
   15  manner as original appointments for the unexpired terms.
   16    S 2.  This act shall take effect immediately provided,  however,  that
   17  it shall not be deemed to affect the tenure or qualifications as such of
   18  any  member  of  the New York city water board on the date upon which it
   19  shall have become a law during the remainder of his or her then  current
   20  term.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05032-01-9