Bill Text: NY S08701 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 8701 (Prior Session Legislation)

Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-07-08 - REFERRED TO RULES [S08701 Detail]

Download: New_York-2019-S08701-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          8701

                    IN SENATE

                                      July 8, 2020
                                       ___________

        Introduced  by  Sen.  MAYER  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules

        AN ACT to amend the public authorities 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:

     1    Section  1.  The  public  authorities  law  is amended by adding a new
     2  section 2803-a to read as follows:
     3    § 2803-a. Examination of industrial development agencies and  not-for-
     4  profit corporations by county comptrollers. 1. Examination of industrial
     5  development  agency  projects  and actions by county comptrollers. (a) A
     6  county comptroller may conduct an audit of a project and/or action of an
     7  industrial development agency located within the county.
     8    (b) In counties where  there  is  no  county  comptroller,  the  chief
     9  elected  official  of  the county shall designate the budget director or
    10  finance director to undertake such audits.
    11    (c) For purposes of  this  section,  industrial  development  agencies
    12  include  such public authorities defined in paragraph (c) of subdivision
    13  two of section two of this chapter.
    14    2. Examination of not-for-profit corporations by county  comptrollers.
    15  (a) A county comptroller may conduct an audit of a not-for-profit corpo-
    16  ration affiliated with, sponsored by, or created by a county, city, town
    17  or village government, located within the county.
    18    (b)  In  counties  where  there  is  no  county comptroller, the chief
    19  elected official of the county shall designate the  budget  director  or
    20  finance director to undertake such audits.
    21    (c)  For purposes of this section, not-for-profit corporations include
    22  such public authorities defined in paragraph (b) of subdivision  two  of
    23  section two of this chapter.
    24    §  2.  This  act shall take effect on the ninetieth day after it shall
    25  have become a law.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15676-03-0