Assembly Bill A6117

2011-2012 Legislative Session

Requires a study to be performed by the authority budget office on the economic benefits provided by authorities

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-A6117 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add Art 1-B ยง52, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4274
2013-2014: A6254

2011-A6117 (ACTIVE) - Summary

Requires a study to be performed by the authority budget office on the economic benefits provided by authorities; requires that financing provided by authorities and contractors receiving that financing be subject to certain standards.

2011-A6117 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6117

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              March 8, 2011
                               ___________

Introduced  by  M.  of A. BRENNAN, KAVANAGH -- read once and referred to
  the Committee on Corporations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to  requiring  a
  study  by  the authorities budget office on economic benefits provided
  by authorities; requiring that financing provided  by  authorities  be
  subject to certain standards; and requiring that contractors receiving
  economic benefits from a public authority be subject to certain stand-
  ards

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and may be  cited  as  the  "public
authority financing and contractor accountability act of 2011".
  S 2. The public authorities law is amended by adding a new article 1-B
to read as follows:
                               ARTICLE 1-B
                     PUBLIC AUTHORITY FINANCING AND
                      CONTRACTOR ACCOUNTABILITY ACT
SECTION 52. PUBLIC AUTHORITY FINANCING AND CONTRACTOR RESPONSIBILITY.
  S 52. PUBLIC AUTHORITY FINANCING AND CONTRACTOR RESPONSIBILITY. 1. THE
AUTHORITY  BUDGET  OFFICE, AS CREATED BY CHAPTER SEVEN HUNDRED SIXTY-SIX
OF THE LAWS OF TWO THOUSAND FIVE, SHALL SUBMIT A REPORT TO THE TEMPORARY
PRESIDENT OF THE SENATE, THE SPEAKER OF THE ASSEMBLY, THE CHAIR  OF  THE
STANDING  COMMITTEE  ON CORPORATIONS, AUTHORITIES AND COMMISSIONS IN THE
SENATE AND THE CHAIR OF THE STANDING COMMITTEE ON CORPORATIONS, AUTHORI-
TIES AND COMMISSIONS IN THE ASSEMBLY, ANALYZING THE  AMOUNT  OF  FUNDING
AND  ECONOMIC  BENEFIT  PROVIDED  BY  PUBLIC AUTHORITIES, PUBLIC BENEFIT
CORPORATIONS, INDUSTRIAL  DEVELOPMENT  AGENCIES,  OR  LOCAL  DEVELOPMENT
CORPORATIONS.  SUCH  ANALYSIS  SHALL  INCLUDE THE PERCENTAGE OF BENEFITS
PROVIDED FOR PROJECTS AS DEFINED IN SECTION TWO HUNDRED  TWENTY  OF  THE
LABOR  LAW.  IF  TEN  PERCENT  OR  MORE  OF  THE PUBLIC WORK PROJECT WAS
FINANCED BY AN AUTHORITY, PUBLIC BENEFIT CORPORATION, INDUSTRIAL  DEVEL-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09604-01-1
              

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