What's happening
This bill repeals and replaces Section 883 to require industrial development agency members and employees to disclose conflicts of interest and recuse themselves from related decisions.
Why it matters
Expands transparency. by requiring industrial development agency (IDA) members and employees to publicly disclose any financial or personal interests in entities seeking agency benefits, helping to ensure the public is aware of potential conflicts.
Mandates recusal. from discussions and votes where a conflict exists, which aims to prevent biased decision-making and strengthen the integrity of agency actions regarding financial assistance or tax exemptions.
Standardizes disclosure procedures. by specifying that written disclosures must become part of the agency's official record, creating a traceable and permanent record of conflicts for accountability.
Limits repetitive disclosures. so that once an interest is disclosed for a given fiscal year, further disclosures about the same interest are not required, reducing administrative burden while maintaining oversight.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Toughen Ethics for IDA Officials
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to local governments
- Referred to local governments
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
925
2017-2018 Regular Sessions
IN ASSEMBLY
January 9, 2017
Introduced by M. of A. GANTT -- read once and referred to the Committee on Local Governments
AN ACT to amend the general municipal law, in relation to conflicts of interest involving members or employees of an industrial development agency; and to repeal section 883 of such law relating thereto
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 883 of the general municipal law is REPEALED and a new section 883 is added to read as follows:
§ 883. Conflicts of interest. 1. All members and employees of an agency shall be subject to the provisions of article eighteen of this chapter.
2. Any agency member or employee who has or will have an interest in any person, firm, corporation or association which receives or may receive financial assistance or be granted exemption from taxation pursuant to the provisions of this article, or an interest in property subject to such assistance or exemption, shall publicly disclose the nature and extent of such interest in writing to the agency as soon as such member or employee has knowledge of such actual or prospective interest and shall recuse himself or herself from any discussion or vote relating to such interest. The written disclosure required pursuant to this subdivision shall be made part of and set forth in the official record of the proceedings of the agency. Once disclosure has been made by a member or employee of an agency with respect to any such interest, no further disclosures need be made by such member or employee with respect to additional assistance or exemptions granted to such person, firm, corporation or association or involving such property during the remainder of the fiscal year.
§ 2. This act shall take effect on the sixtieth day after it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01077-01-7
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.