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NY S00703
Bill
Status
1/6/2023
Primary Sponsor
Leroy Comrie
Click for details
AI Summary
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Amends County Law Section 577 to authorize county comptrollers to audit the financial records of industrial development agencies in their respective counties.
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Expands audit authority beyond Nassau County specifically to apply to all counties in New York State.
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Grants comptrollers the power to examine and audit on their own motion or when directed by the board of supervisors all accounts, contracts, books and records of municipal industrial development agencies established under General Municipal Law Article 18-A.
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Includes authority to audit all bank statements from depositaries holding industrial development agency funds.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes the county comptroller to examine and audit all accounts, contracts, books and records of such county's respective industrial development agency.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/3/2024