What's happening
This bill requires public authorities to report contract details and legislative sponsors to the state comptroller before awarding contracts using appropriated funds.
Why it matters
Increases transparency in public spending by requiring detailed contract information (including contractor name, contract amount, and purpose) to be reported to the Comptroller before taxpayer funds are awarded.
Mandates disclosure of the legislative sponsor behind each appropriation, allowing the public and oversight bodies to identify which lawmakers are connected to specific contracts.
Requires a sworn statement from the contractor's leadership disclosing any financial interest held by the sponsoring legislator or their relatives, aiming to expose and deter potential conflicts of interest or self-dealing.
Prevents contracts from taking effect until the required report is filed, creating a legal checkpoint that could delay or block contracts lacking full disclosure, thereby strengthening accountability.
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Who cares
Public authorities and their affiliates and subsidiaries
They would have to report specified details of contracts paid with appropriated money to the comptroller before awarding them, and those contracts would not take effect until filing.
Authority contractors
Their executive directors or principal officers would have to sign sworn statements disclosing any financial interests held by the sponsoring legislator or that legislator’s relatives in the contractor.
State legislators and their relatives
Reports would identify legislators who sponsored the appropriation or allocation for a contract and disclose any financial interests they or their relatives hold in the contractor.
State comptroller
The comptroller would receive the contract reports and determine the form for the sworn financial-interest statements.
Headline styles
Disclose Legislator Contract Interests
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
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.
Disclose Contract 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
7623
2019-2020 Regular Sessions
IN ASSEMBLY
May 14, 2019
Introduced by M. of A. GALEF -- 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.
LBD06562-01-9
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.