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Sponsors
No co-sponsors yet.
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.
Relates to large capital projects to be financed in whole or in part with public funds
In Assembly Committee · Ways And Means · Sponsor William Colton
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S390
Title of bill
An act relating to large capital projects to be financed in whole or in part with public funds and the disclosure of such projects
Purpose or general idea of bill
This bill would require the Chair of the Empire State Development Corporation to provide the legislature and the governor with a detailed report of public projects in the city of New York.
Summary of specific provisions
Section 1 states a legislative finding concerning the need for detailed information regarding public projects.
Section 2 defines certain terms.
Section 3 requires the Chair of the ESDC to issue a report within 45 days concerning the projects and details the content of the report.
Justification
There are in the city of New York many large capital projects to be financed in whole or in part with public funds or to be supported by tax and other public incentives and which are crucial to the economic and cultural interests of such city and the state of New York as a whole, and which are at some stage of proposal, planning or implementation. It is important that a full disclosure be made of the details of such projects, their projected costs to the city and state and to public benefit corporations, the projected benefits, the reasons why some of them have been delayed and why some of the proposals have been modified.
Fiscal implications
Unknown.
Legislative history
2009-2010: S.4530-A/A.1346-B
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.