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NY A02741
Bill
Status
1/22/2025
Primary Sponsor
Linda Rosenthal
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AI Summary
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Requires review of all bids for contracts over $50,000 entered into by limited-profit housing companies (Mitchell-Lama developments) to ensure prudent use of funds and prevent fraud, favoritism, and corruption
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Mandates housing authorities adopt internal procurement policies for materials, supplies, and services over $50,000, including procedures for sealed bids and documentation requirements
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Requires policies to identify persons responsible for purchasing decisions, with information updated every two years
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Directs the Division of Housing and Community Renewal and NYC Department of Housing Preservation and Development to jointly develop a procurement and bid corruption prevention training program
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Training program must be interactive, required for Mitchell-Lama board members, and cover federal/state/local bribery laws, criminal liabilities, and examples of corrupt conduct that undermines bidding processes
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Takes effect 90 days after becoming law
Legislative Description
Requires the commissioner of housing and community renewal, or the appropriate supervising agency, to review contracts for $50,000 or more entered into by a limited-profit housing company.
Last Action
referred to housing
1/7/2026