Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to corporations, authorities and commissions |
Apr 06, 2011 |
referred to corporations, authorities and commissions |
Senate Bill S4449
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions 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
Actions
2011-S4449 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6118
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Add ยง2927, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
A7659
2013-2014: S2759, A6250
2011-S4449 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4449 TITLE OF BILL: An act to amend the public authorities law, in relation to public benefits in exchange for public funds PURPOSE OR GENERAL IDEA OF THE BILL: To assure there is a public benefit being achieved when state and local authorities and other governmental entities provide economic or financial benefits to private entities. SUMMARY OF PROVISIONS: Amends the Public Authorities Law by adding a new section 2927 which would ban state and local authorities and other governmental entities from issuing, approving or seeking the grant or transfer of economic or financial benefits to a private entity without specific public benefits being published first. JUSTIFICATION: As taxpayer support for private corporations and private economic activity has mushroomed in recent years, the fundamental question of public benefit has surfaced and resurfaced, without a consistent and satisfying answer. Critics on both the left and right have decried these taxpayer subsidies as socialism,
2011-S4449 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4449 2011-2012 Regular Sessions I N S E N A T E April 6, 2011 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Author- ities and Commissions AN ACT to amend the public authorities law, in relation to public bene- fits in exchange for public funds THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The public authorities law is amended by adding a new section 2927 to read as follows: S 2927. PUBLIC BENEFITS. NO STATE AUTHORITY OR LOCAL AUTHORITY AS DEFINED BY SECTION TWO OF THIS CHAPTER AND NO OTHER GOVERNMENTAL ENTITY MAY ISSUE, APPROVE OR SEEK THE GRANT OR TRANSFER OF ANY ECONOMIC OR FINANCIAL BENEFIT TO A PRIVATE ENTITY WITHOUT A SPECIFIC PUBLISHED LIST- ING OF THE BENEFITS TO BE RECEIVED BY THE PUBLIC. SUCH BENEFITS SHALL INCLUDE BUT NOT BE LIMITED TO EMPLOYMENT, PUBLIC ACCESS, AND PRIVATE INVESTMENT. THE PUBLISHED LISTING SHALL BE MADE PUBLIC AT LEAST SIXTY DAYS BEFORE THE ISSUANCE OF THE ECONOMIC OR FINANCIAL BENEFITS. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09597-01-1
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