What's happening
This bill requires members of economic development councils, including volunteers, to file annual financial disclosure forms.
Why it matters
Expands transparency requirements. for economic development councils, including unpaid/volunteer members, increasing public access to potential conflicts of interest among those influencing major state economic decisions.
Levels the playing field. by holding volunteer council members to the same financial disclosure standards as elected officials and government employees, recognizing the significant influence these volunteers can have on high-stakes economic initiatives.
May deter conflicts of interest and self-dealing. within economic development projects, potentially increasing public trust and reducing the risk of corruption or favoritism in the allocation of state resources.
Could impact volunteer recruitment. by introducing new compliance requirements, possibly discouraging some qualified individuals from serving unless they are willing to disclose personal financial information.
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Who cares
Headline styles
Expand Financial Disclosure Rules
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to governmental operations
- Referred to governmental operations
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2206
2017-2018 Regular Sessions
IN ASSEMBLY
January 17, 2017
Introduced by M. of A. ABINANTI -- read once and referred to the Committee on Governmental Operations
AN ACT to amend the public officers law, in relation to requiring certain individuals to file financial disclosure forms
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph (a) of subdivision 2 of section 73-a of the public officers law, as amended by section 5 of part A of chapter 399 of the laws of 2011, is amended to read as follows:
(a) Every statewide elected official, state officer or employee, member of the legislature, legislative employee and political party chairman [and], every candidate for statewide elected office or for member of the legislature, and any member of an economic development council (even if such member is a volunteer) shall file an annual statement of financial disclosure containing the information and in the form set forth in subdivision three of this section. On or before the fifteenth day of May with respect to the preceding calendar year: (1) every member of the legislature, every candidate for member of the legislature and legislative employee shall file such statement with the legislative ethics commission which shall provide such statement along with any requests for exemptions or deletions to the joint commission on public ethics for filing and rulings with respect to such requests for exemptions or deletions, on or before the thirtieth day of June; and (2) all other individuals required to file such statement shall file it with the joint commission on public ethics, except that:
§ 2. This act shall take effect on the first of June next succeeding the date on which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03914-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.