Loading chat...
NY S06263
Bill
Status
4/19/2021
Primary Sponsor
Alessandra Biaggi
Click for details
AI Summary
-
Eliminates obsolete client disclosure requirements for services provided before January 1, 2016, replacing outdated subsections (b) and (b-2) with streamlined disclosure rules.
-
Requires state officials earning $10,000 or more from law, real estate, professional, or lobbying work to disclose clients paid over $5,000, except for medical, dental, mental health, residential real estate brokering, and certain privileged matters.
-
Lowers contract and grant thresholds triggering client disclosure from $50,000/$25,000 to $10,000/$10,000 for state work, making more transactions subject to public reporting.
-
Establishes a confidential "locked box" filing system with the Office of Court Administration for initial public offering work and allows exemption requests when client disclosure could cause harm, with three-day determination deadline.
-
Adds "domestic partner" to investment disclosure requirements for spouses and clarifies that client identity disclosure does not constitute professional misconduct or grounds for disciplinary action.
Legislative Description
Modifies the requirements for financial disclosures for certain state and legislative officials, officers and employees.
Last Action
COMMITTED TO RULES
6/3/2022