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NY S09052
Bill
Status
1/27/2026
Primary Sponsor
James Skoufis
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AI Summary
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Extends the independent monitor for the Orange County Industrial Development Agency from three years to six years and expands the monitor's authority to also oversee the Orange County Funding Corporation
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Requires the monitor to provide written approval before the board can vote on any contract or financial assistance agreement, and allows the monitor to direct the board to recoup financial assistance from recipients who fail to meet job creation or development commitments
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Establishes that monitor recommendations can only be rejected by a vote of at least five board members, strengthening the monitor's oversight role over contracts, budgets, and financial assistance decisions
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Mandates prevailing wage requirements for all contractors and subcontractors on privately-owned projects receiving tax benefits in counties with populations between 390,000 and 415,000, unless a project labor agreement is used
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Authorizes the monitor to commence legal action against the agency to recover money owed, including payments for the monitor's legal counsel
Legislative Description
Extends the term and authority of the independent monitor for the Orange county industrial development agency; requires such monitor also monitor the Orange county funding corporation; modifies the applicability of certain tax exemptions based on population; extends provisions of law related to the independent monitor for the Orange county industrial development agency.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/27/2026