Bill Text: NY S02297 | 2023-2024 | General Assembly | Introduced

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

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Engrossed) 2024-02-28 - referred to local governments [S02297 Detail]

Download: New_York-2023-S02297-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2297

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 19, 2023
                                       ___________

        Introduced  by  Sens.  MAYER, MATTERA -- read twice and ordered printed,
          and when printed to be committed to  the  Committee  on  Corporations,
          Authorities and Commissions

        AN  ACT  to amend the general municipal 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 general municipal  law  is  amended  by  adding  a  new
     2  section 34-b to read as follows:
     3    §  34-b.  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 the public authorities law.
    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 the public authorities law.
    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.
                                                                   LBD02353-01-3