Bill Text: NY A08691 | 2017-2018 | General Assembly | Introduced

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Bill Title: Relates to requiring state agencies, public authorities and public benefit corporations to provide annual reports including information on outstanding total debt for each entity, total annual debt service for each entity, annual debt issuance for each entity, and annual debt to be retired for each entity.

Sponsorship: Partisan Bill (Republican 4)

Status: (Introduced - Dead) 2018-05-08 - held for consideration in governmental operations [A08691 Detail]

Download: New_York-2017-A08691-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8691
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                   September 25, 2017
                                       ___________
        Introduced  by  M.  of A. OAKS, BARCLAY, ERRIGO, GIGLIO -- read once and
          referred to the Committee on Governmental Operations
        AN ACT to amend the state finance law, in relation  to  requiring  state
          agencies,  public  authorities  and  public  benefit  corporations  to
          provide annual reports
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  The  state finance law is amended by adding a new section
     2  19-a to read as follows:
     3    § 19-a.  Annual  reporting  requirements.  Notwithstanding  any  other
     4  provisions  of  the law to the contrary commencing on January first, two
     5  thousand seventeen and each year thereafter all state agencies  and  all
     6  state  and  local  authorities  as  defined by section two of the public
     7  authorities law shall submit to the  governor,  the  chair  and  ranking
     8  minority  member of the senate finance committee and the chair and rank-
     9  ing minority member of the assembly ways and means committee  an  annual
    10  report.  Such  report  shall  include,  but shall not be limited to, the
    11  outstanding total debt for each entity; total annual  debt  service  for
    12  each entity; annual debt issuance for each entity; and annual debt to be
    13  retired for each entity.
    14    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08423-01-7