Senate Bill S506

2019-2020 Legislative Session

Authorizes the comptroller to audit local development corporations

download bill text pdf

Sponsored By

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

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2019-S506 (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §1411, N-PC L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7444
2017-2018: S1373
2021-2022: S3794
2023-2024: S1850

2019-S506 (ACTIVE) - Summary

Authorizes the comptroller to audit local development corporations.

2019-S506 (ACTIVE) - Sponsor Memo

2019-S506 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    506
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 9, 2019
                                ___________
 
 Introduced  by Sen. CARLUCCI -- 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:
 
   Section  1. Paragraph (i) of section 1411 of the not-for-profit corpo-
 ration law is relettered paragraph (j) and a new paragraph (i) is  added
 to read as follows:
   (I) AUDIT.
   THE  COMPTROLLER  HAS  THE  AUTHORITY  TO  AUDIT ANY LOCAL DEVELOPMENT
 CORPORATION INCORPORATED OR REINCORPORATED PURSUANT TO THIS SECTION.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06313-01-9

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