What's happening
This bill requires authorities to report contract details and any related legislative financial interests to the comptroller before contracts become effective.
Why it matters
Increases oversight and transparency. by requiring that details of state and local authority contracts—including contractor names, amounts, and purposes—must be reported to the comptroller before any contract using public funds becomes effective.
Targets potential conflicts of interest. by mandating disclosure of any financial interest that a sponsoring legislator—or their relatives—holds in the entities being awarded contracts, adding a new layer of accountability.
Establishes clear definitions. for who qualifies as a “relative,” covering both household members and direct descendants (or their spouses), which broadens the scope of disclosures and reduces loopholes.
Empowers the comptroller. with information needed to review potential ethical concerns or improper influence before public money is committed, potentially deterring corruption or favoritism in public contracting.
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Who cares
Headline styles
Disclose State Contract Interests
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Enacting clause stricken
- 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.
Disclose Contractor Financial Interests
In Senate Committee · Corporations, Authorities And Commissions · Sponsor Liz Krueger
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6018
2017-2018 Regular Sessions
IN ASSEMBLY
February 21, 2017
Introduced by M. of A. DINOWITZ -- read once and referred to the Committee on Corporations, Authorities and Commissions
AN ACT to amend the public authorities law, in relation to contract reports
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The public authorities law is amended by adding a new section 2882 to read as follows:
§ 2882. Reporting of contracts to the comptroller. Prior to awarding a contract requiring the payment of appropriated monies to any person, firm, partnership or corporation, every state authority, local authority, interstate or international authority or affiliate or subsidiary thereof shall report to the comptroller: (i) the name of the contractor; (ii) the amount of the contract; (iii) the purpose of the contract; (iv) the name of the member of the legislature who sponsored the appropriation of such monies or the allocation of a portion of such monies for such contract; and (v) a sworn statement signed under oath by the executive director or principal officer of the contractor, of any financial interest such member of the legislature, or a relative of such member of the legislature has in the person, firm, partnership or corporation to whom or to which such contract is awarded submitted on a form as determined by the comptroller. No such contract shall be effective until such report is filed with the comptroller. For the purposes of this section, "relative" of any individual shall mean any person living in the same household as the individual or any person who is a direct descendant of that individual's grandparents or the spouse of such descendant.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05553-01-7
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.