NY S02727

Requires the Department of State to electronically transmit certificates of incorporation filed on behalf of municipal corporations, state or local authorities, or districts to the Authorities Budget Office.

Mandates that incorporators disclose whether a not-for-profit corporation is being incorporated on behalf of any municipal corporation, state or local authority, or district, and identify such entity.

Requires the Director of the Authorities Budget Office to consent to incorporation certificates where government officials control board selection or serve as majority board members or chief executive officers.

Expands the definition of "local authority" in the Public Authorities Law to include certain not-for-profit corporations that issue tax-exempt debt or provide tax exemptions, subjecting them to open meetings and freedom of information laws.

Requires state and local authorities and their subsidiaries and affiliates to stream open meetings and public hearings in real-time on their websites and post video recordings within five business days, maintaining recordings for at least five years.