Bill Text: NY S01850 | 2023-2024 | General Assembly | Introduced
Bill Title: Authorizes the comptroller to audit local development corporations.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-01-03 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S01850 Detail]
Download: New_York-2023-S01850-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1850 2023-2024 Regular Sessions IN SENATE January 17, 2023 ___________ Introduced by Sen. COMRIE -- 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. LBD03621-01-3