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NY A09570
Bill
Status
3/20/2024
Primary Sponsor
Alicia Hyndman
Click for details
AI Summary
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SUNY trustees must require annual reports from the SUNY Research Foundation and all state-operated and community college campus foundations by November 1 each year, posted publicly in machine-readable format on the SUNY website.
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CUNY trustees must require annual reports from the CUNY Research Foundation and all senior and community college campus foundations by November 1 each year, posted publicly in machine-readable format on the CUNY website.
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Reports must include audited financial statements, long-term liabilities, all contracts with amounts and vendor information, and employee information by campus and department including salaries, job titles, descriptions, and benefits.
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Reports may exclude information exempted by state or federal law, personal privacy information, trade secrets, donor records (except donor names and amounts if donors do business with the institution within three years), and academic research records (while still disclosing public funding source and amount).
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The act takes effect January 1, 2024 and does not supersede the provisions of chapter 10 of the laws of 2006.
Legislative Description
Relates to reporting requirements of SUNY and CUNY; relates to financial information and identifying vendor information of each contract; relates to a list of all foundation and state university employees by campus, department and location including salaries, job titles and descriptions.
Last Action
referred to higher education
3/20/2024