What's happening
This bill requires economic development entities to follow public transparency and ethics laws, including financial disclosure by their members.
Why it matters
Expands public transparency. by requiring economic development entities to follow open meetings and public records laws, meaning their activities and decision-making processes will be more accessible to the public and press.
Mandates financial disclosure for members. of these entities by classifying them as policy makers and state officers, aiming to prevent conflicts of interest and enhance accountability for individuals making decisions about public funds and incentives.
Requires public access to funding proposals. , including those submitted through centralized or consolidated application processes, increasing visibility into how funding decisions are made and allowing greater public scrutiny, while still protecting sensitive information as allowed by law.
Applies existing ethics standards. to economic development entity members, ensuring they are held to the same ethical guidelines as other state officials, which may deter corruption and promote public trust in how economic development resources are managed.
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Who cares
Headline styles
Require Economic Entity Transparency
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to economic development
- Referred to economic development
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.
Require Economic Entity Transparency
In Senate Committee · Corporations, Authorities And Commissions · Sponsor James Skoufis
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1597
2019-2020 Regular Sessions
IN ASSEMBLY
January 15, 2019
Introduced by M. of A. ABINANTI, SCHIMMINGER -- read once and referred to the Committee on Economic Development
AN ACT to amend the New York state urban development corporation act, in relation to obligations of members of economic development entities
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 1 of chapter 174 of the laws of 1968, constituting the New York state urban development corporation act, is amended by adding a new section 32-a to read as follows:
§ 32-a. Special provisions relating to economic development entities. (1) For the purposes of this section, an "economic development entity" shall mean any entity created by the executive branch, including the executive chamber of the governor and lieutenant governor, and any state agency whose function includes providing advice, recommendations or determinations to or on behalf of the executive branch or any state agency, as defined in paragraph (b) of subdivision one of section seventy-three-a of the public officers law, on the allocation or disbursement of state or federal monies or tax credits and/or benefits.
(2) (a) The provisions of article seven of the public officers law applicable to public bodies shall apply to an economic development entity.
(b) The provisions of article six of the public officers law applicable to agencies shall apply to an economic development entity. In addition to the requirements of subdivision three of section eighty-seven of the public officers law, an economic development entity shall maintain and make available for public inspection and copying any and all proposals submitted to it through a centralized application process, including the consolidated funding applications process, except that an economic development entity may redact or withhold portions of a proposal if such portion would be exempt from disclosure pursuant to article six of the public officers law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05256-01-9
A. 1597 2
(c) For the purpose of section seventy-three-a of the public officers law, any member of an economic development entity shall be deemed a state officer or employee and shall be deemed a policy maker and shall file an annual statement of financial disclosure set forth in subdivision three of section seventy-three-a of the public officers law.
(d) The provisions of section seventy-four of the public officers law applicable to an officer or employee of a state agency shall apply to any member of an economic development entity.
§ 2. This act shall take effect immediately; provided, however, that those incumbents who have not filed a disclosure form for the calendar year 2018 shall have thirty days from the effective date of this act to file such form with the joint commission on public ethics.
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.