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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.
Requires that prior to a contract with the state or other public entity being effective, a report must be filed with the comptroller disclosing financial interests
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor James F. Brennan
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2668
Title of bill
An act to amend the public authorities law, in relation to contract reports
Purpose or general idea of bill
To make the awarding of state monies more transparent.
Summary of specific provisions
This bill adds a new § 2882 to the Public Authorities Law which requires a report be made to the comptroller prior to the awarding of a contract to any person, firm, partnership or corporation, state authority, local authority, interstate or international authority, or any affiliate or subsidiary of them. The report shall include:
*Name of contractor.
*Amount of contract.
*Purpose of contract.
*Name of member of legislature who sponsored the appropriation or the allocation of a portion of such appropriation.
*Sworn statement by executive director or principal officer of contractor of any financial interest the sponsoring member or a relative might have in the awarding of the contract.
Relative is defined as any person living in the same household or any person who is a direct descendant of the member's grandparents or the spouse of such descendant.
Justification
This bill will add transparency to the process of awarding grants from State funds. It does not change the current rules regarding eligibility for member items or capital grants. It does require disclosure to the comptroller's office by the organization receiving the funds of whether the sponsoring member or a relative might have a financial interest in the recipient.
Fiscal implications to state and local government
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.