Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to economic development |
Mar 20, 2019 |
referred to economic development |
Assembly Bill A6793
2019-2020 Legislative Session
Sponsored By
ORTIZ
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
Actions
2019-A6793 (ACTIVE) - Details
- Current Committee:
- Assembly Economic Development
- Law Section:
- Economic Development Law
- Laws Affected:
- Add Art 4-D §§147 - 149, Ec Dev L
2019-A6793 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6793 2019-2020 Regular Sessions I N A S S E M B L Y March 20, 2019 ___________ Introduced by M. of A. ORTIZ -- read once and referred to the Committee on Economic Development AN ACT to amend the economic development law, in relation to enacting the "corporate and financial accountability act" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "corporate and financial accountability act". § 2. The economic development law is amended by adding a new article 4-D to read as follows: ARTICLE 4-D FINANCIAL INCENTIVES ACCOUNTABILITY SECTION 147. LEGISLATIVE DECLARATION. 148. DEFINITIONS. 149. FINANCIAL INCENTIVES ACCOUNTABILITY. § 147. LEGISLATIVE DECLARATION. THE LEGISLATURE SEEKS TO ENSURE THAT RECIPIENTS OF PUBLICLY FUNDED ECONOMIC DEVELOPMENT ASSISTANCE ARE HELD ACCOUNTABLE FOR THE ATTAINMENT OF AGREED UPON PERFORMANCE OBJECTIVES, THROUGH A REQUIREMENT FOR THE REPAYMENT OF ASSISTANCE IF SUCH OBJECTIVES ARE NOT MET. § 148. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS AS INDICATED: 1. "AGENCY" SHALL MEAN ANY AGENCY, DEPARTMENT, BOARD, BUREAU, COMMIS- SION A MAJORITY OF WHOSE MEMBERS ARE APPOINTED BY THE GOVERNOR, DIVI- SION, OFFICE, COUNCIL, COMMITTEE, OR OFFICER OF THE STATE, OR THE STATE UNIVERSITY OF NEW YORK OR THE CITY UNIVERSITY OF NEW YORK, OR ANY PUBLIC BENEFIT CORPORATION OR PUBLIC AUTHORITY, A MAJORITY OF WHOSE MEMBERS ARE APPOINTED BY THE GOVERNOR, THE STATE, ANY OF ITS POLITICAL SUBDIVISIONS OR INSTRUMENTALITY OF THE STATE OR ITS POLITICAL SUBDIVISIONS, OR ANY PUBLIC BENEFIT CORPORATION AS DEFINED IN SUBDIVISION FOUR OF SECTION SIXTY-SIX OF THE GENERAL CONSTRUCTION LAW, OR ANY MUNICIPAL CORPORATION EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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