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Sponsors
1 Co-sponsor
History
- Referred to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
Full text
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Sponsor's memo
BILL NUMBER:A8701
Title of bill
An act to amend the public authorities law, in relation to adding the president of NYSERDA and the commissioner of economic development to the New York state foundation for science, technology and innovation board and removes the executive director from such board
Purpose Or General Idea Of Bill: The New York State energy research and development authority and the department of economic development are significant entities in determining the economic growth of the State and will bring critical insights and perspectives to the decision-making capacity of the foundation board. Their formal representation on the board should strengthen coordination of economic development policy.
Summary Of Specific Provisions: The president of the New York state energy and research development authority and the commissioner of economic development or their designees would be added to the foundation board as two the governor's appointments. The executive director would no longer be a formal member of the board consistent with the principles of recent reforms that separate the role of the board from the executive direction of public authorities.
Effects Of Present Law Which This Bill Would Alter: Amends Section 3151 of public authority law.
Justification: The informal cooperation and collaboration of the board with the research and development authority and the department of economic development should strengthened and formalized to assure that the benefits of this cooperation and collaboration are maximized. In 2005, the legislature acted to reform the accountability and transparen- cy of public authorities. As part of these actions, the role of board member and executive were formally separated for several public authori- ties. Revising the board of the foundation as outlined in this bill would bring it in line with the broader reforms of public authorities previously enacted.
Prior Legislative History: None
Fiscal Implications For State And Local Governments: None
Effective Date: Immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.