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NY S06817
Bill
Status
6/4/2024
Primary Sponsor
Nathalia Fernandez
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AI Summary
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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.
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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.
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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.
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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.
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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