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NY S06817

Bill

Status

Engrossed

6/4/2024

Primary Sponsor

Nathalia Fernandez

Click for details

Origin

Senate

2023-2024 General Assembly

AI Summary

  • Eliminates the time-limited disclosure requirement (subparagraph b) that applied only to new clients or customers from July 1, 2012 to December 31, 2015, making the requirements permanent.

  • Consolidates disclosure requirements into subparagraph (b-1), requiring officials earning $10,000 or more from reportable employment to disclose clients paying over $10,000 in fees for work involving state contracts ($10,000+), state grants ($10,000+), legislative grants, or non-ministerial matters before state agencies.

  • Adds a new disclosure section (b-1) requiring disclosure of clients NOT otherwise reported where the reporting individual received over $5,000 in direct compensation or was billed over $5,000 by their firm for services provided.

  • Specifies that disclosure exemptions apply to clients receiving medical, pharmaceutical, dental, mental health, or residential real estate brokering services, and allows client identity protection for law enforcement matters, bankruptcy, family court, estate planning, and domestic relations work.

  • Effective date: July 8, 2024.

Legislative Description

Modifies the requirements for financial disclosures for certain state and legislative officials, officers and employees.

Last Action

referred to governmental operations

6/4/2024

Committee Referrals

Governmental Operations6/4/2024
Ethics and Internal Governance5/10/2023

Full Bill Text

No bill text available