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Sponsors
2 Co-sponsors
History
- Referred to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Establishes a substantive reform policy regarding the New York and New Jersey port authority
In Assembly Committee · Codes · Sponsor Richard Brodsky
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend chapter 154 of the laws of 1921 constituting the Port of New York Authority, in relation to reform of such authority
Purpose or general idea
To enact the Port Authority Reform Act of 2007.
Summary of specific provisions
Section 1, Short Title.
§ 2. Legislative Findings; Board of Commissioner Reform The Board of Commissioner Reform includes an adoption of a code of ethics, establishment of written policies, creating a statutory fiduciary responsibility, as well as audit and governance committees.
§§ 3 and 4. Reforms the Open Meetings Requirements, Liberalize the Open Meetings Requirements and require conformity to the Open Meetings Laws of New York & New Jersey.
§ 5 A. Disposition of Property (new section 1-c). This section establishes rules for the disposition of Port Authority property.
B. Independent Inspector General (new section 1-d). This section will create an independent inspector general.
C. Independent Budget Office (new section 1-e). This section will create an independent budget office.
D. Debt Reform (new section 1-f). This section will reform the process for issuing debt.
E. Procurement Reform (new section 1-g). This section would establish rules and set limits on procurement contracts and lobbying.
§ 6. Enacting Clause
Justification
This legislation will extend recent reform measures (see Chapter 766 of the Laws of 2005) enacted affecting New York-only public authorities to the Port Authority of New York & New Jersey
As a bi-state authority, identical legislation affecting the Port Authority must be enacted by both New York and New Jersey. The committees on Corporations, Authorities and Commissions in each house of New York Legislature has worked closely and cooperatively with the New Jersey Legislature which has yielded identical legislation (see New Jersey Senate Bill 2358; Senator Ellen Karcher).
Prior legislative history
2007: Senate Corporations, Authorities and Commissions Cmte./ Assembly Corporations, Authorities and Commissions Cmte. 2008: Passed Senate/Assembly Codes Cmte.
Fiscal implication for state and local governments
None.
Effective date
This act shall take effect upon the enactment into law by the state of New Jersey of legislation having an identical effect with this act, but if the state of New Jersey shall have already enacted such legislation, this act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.