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History
- Referred to finance
- Referred to finance
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.
Enacts the public-private partnership disclosure act
In Assembly Committee · Ways And Means · Sponsor Steven Englebright
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4846
Title of bill
An act to amend the state finance law, in relation to the regulation of public-private partnerships
Purpose or general idea of bill
This legislation seeks to provide the establishment of standards and requirements for full disclosure and public comment for public-private partnerships.
Summary of provisions
The state finance law is amended by adding a new section 136-d known as the "public-private partnership disclosure act," which defines the endeavor of a public-private partnership as an agreement between a state agency and a public venture. A partnership arrangement shall establish rules and regulations of standards and procedures for such partnerships and shall be in addition to existing requirements in law. In the case that a state agency engages in one or more public-private partnerships, a full report describing the arrangement of partnership, as well as identifying the public benefit and any impact it may have had on the priorities and activities of the reporting agency shall be submitted to the legislature and the governor.
Justification
Though, public-private ventures can be beneficial and in the interest of the public, partnerships generating and expending funds outside of the normal state budgetary process may distort properly enacted public priorities. In addition, such partnerships if not created with full disclosure and with full opportunity for public comment have the potential for creating conflicts of interest.
Prior legislative history
1/20/98 referred to ways and means (A.8957) 2/01/99 referred to ways and means (A.3503) 1/05/00 referred to ways and means 2/22/01 referred to ways and means (A.5323) 1/09/02 referred to ways and means 3/03/03 referred to ways and means (A.5493) 1/07/04 referred to ways and means 2005-06 A.2325 referred to ways and means 2007-08 A.1521 referred to ways and means 2009-10 A.2877 referred to ways and means 2011-12 A.4046 ways and means
Fiscal implications
None
Effective date
This act shall take effect on the one hundred eightieth day after it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.