Bill Text: NY S00506 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 506 (Prior Session Legislation)

Introduced

Bill Title: Authorizes the comptroller to audit local development corporations.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S00506 Detail]

Download: New_York-2019-S00506-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                           506
                               2019-2020 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 9, 2019
                                       ___________
        Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
          printed to be committed to the Committee on Corporations,  Authorities
          and Commissions
        AN  ACT  to  amend  the  not-for-profit  corporation law, in relation to
          authorizing the comptroller to audit local development corporations
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Paragraph (i) of section 1411 of the not-for-profit corpo-
     2  ration law is relettered paragraph (j) and a new paragraph (i) is  added
     3  to read as follows:
     4    (i) Audit.
     5    The  comptroller  has  the  authority  to  audit any local development
     6  corporation incorporated or reincorporated pursuant to this section.
     7    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06313-01-9