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NY A03630
Bill
Status
5/6/2013
Primary Sponsor
James Brennan
Click for details
AI Summary
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Amends reporting requirements for state and local authorities by consolidating various disclosure items into annual reports due within 90 days after fiscal year end, including operations, financial statements, debt schedules, compensation for employees earning over $100,000, and board performance evaluations.
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Moves certain disclosure requirements (legislation basis, board structure, charter/bylaws, material operational changes) from annual reports to public website accessibility requirements for both state and local authorities.
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Changes budget submission timeline from 60-120 days before fiscal year to at least 30 days before, and expands budget plan requirement from current year to at least six-year adopted budget plan with three additional fiscal years of projections.
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Modifies procurement and investment reporting deadlines to "within 90 days of fiscal year end" and expands recipients of these reports to include the Authorities Budget Office.
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Eliminates separate compensation reporting requirement under section 2806 and repeals section 2801(3), while clarifying that waivers of reporting requirements do not apply to Industrial Development Agency filings or State Comptroller submissions.
Legislative Description
Relates to clarifying and making certain technical corrections to the public authorities reform act of 2009.
Last Action
REFERRED TO RULES
6/18/2014